Sec. 40006. Improving energy efficiency or water efficiency or climate resilience of affordable housing
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In addition to amounts otherwise available, there is appropriated to the Secretary of Housing and Urban Development (in this section referred to as the Secretary ) for fiscal year 2022, out of any money in the Treasury not otherwise appropriated— $5,314,000,000 for providing direct loans, which may be forgivable, and grants, subject to terms and conditions, including affordability requirements, determined by the Secretary, to fund projects that improve the energy or water efficiency, implement low-emission technologies, materials, or processes, including zero-emission electricity generation, energy storage, or building electrification, electric car charging station installations, or address climate resilience of multifamily properties; $76,000,000 for the costs to the Secretary of administering and overseeing the implementation of this section, including information technology, financial reporting, research and evaluation, other cross-program costs in support of programs administered by the Secretary in this title, and other costs; and the Secretary may transfer and merge amounts appropriated under this paragraph to section 40301; $360,000,000 for expenses of contracts administered by the Secretary, including to carry out property climate risk, energy, or water assessments, due diligence, and underwriting functions for such grant and direct loan program; and $250,000,000 for energy and water benchmarking of properties eligible to receive grants or loans under this section, regardless of whether they actually received such grants, along with associated data analysis and evaluation at the property and portfolio level, including the development of information technology systems necessary for the collection, evaluation, and analysis of such data.
Amounts appropriated by this section shall remain available until September 30, 2031. Amounts made available under this section shall be for direct loans, grants, and direct loans that can be converted to grants to properties receiving project-based assistance pursuant to section 202 of the Housing Act of 1959 ( 12 U.S.C. 1701q ), section 811 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 8013 ), or section 8(b) of the United States Housing Act of 1937 ( 42 U.S.C. 1437f(b) ).
The costs of direct loans provided under this section, including the cost of modifying such direct loans or converting direct loans into grants, shall be as defined in section 502 of the Congressional Budget Act of 1974 ( 2 U.S.C. 661a ). The Secretary may waive or specify alternative requirements for any provision of section 202 of the Housing Act of 1959 ( 12 U.S.C. 1701q ), section 811 of the Cranston-Gonzalez National Affordable Housing Act ( 42 U.S.C. 8013 ), section 8 of the United States Housing Act of 1937 ( 42 U.S.C. 1437f ), or any regulation applicable to such statutes other than requirements related to tenant rights and protections, rent setting, fair housing, nondiscrimination, labor standards, and the environment, upon a finding that the waiver or alternative requirement is necessary to facilitate the use of such amounts.
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Sec. 40006
Improving energy efficiency or water efficiency or climate resilience of affordable housing
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