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HR 2997 114th Congress House Housing and Community Development Congressional oversight Energy efficiency and conservation Environmental technology Housing and community development funding Housing for the elderly and disabled Low- and moderate-income housing Public housing Residential rehabilitation and home repair Water use and supply

Private Investment in Housing Act of 2015

Introduced: July 9, 2015 See on congress.gov
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 Everywhere this bill has been 11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2015
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 14, 2015
Motion to reconsider laid on the table Agreed to without objection.
Jul 14, 2015
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 28 (Roll no. 436). (text: CR H5135-5136)
Jul 14, 2015
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 28 (Roll no. 436).(text: CR H5135-5136)
Jul 14, 2015
Considered as unfinished business. (consideration: CR H5150-5151)
Jul 14, 2015
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jul 14, 2015
DEBATE - The House proceeded with forty minutes of debate on H.R. 2997.
Jul 14, 2015
Considered under suspension of the rules. (consideration: CR H5135-5137)
Jul 14, 2015
Mr. Luetkemeyer moved to suspend the rules and pass the bill.
Jul 9, 2015
Referred to the House Committee on Financial Services.
Jul 9, 2015
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 14, 2015 House · vote #436 On Motion to Suspend the Rules and Pass Passed 395–28 See who voted →
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Private Investment in Housing Act of 2015

(Sec. 2) Directs the Department of Housing and Urban Development (HUD) to establish a demonstration program under which, in FY2016 through FY2019, HUD may execute budget-neutral, performance-based agreements (for up to 12 years each) that result in a reduction in energy or water costs with appropriate entities to carry out projects for energy or water conservation improvements at up to 20,000 residential units in multifamily buildings participating in:

  • Section 8 project-based rental assistance programs under the United States Housing Act of 1937, other than Section 8 (voucher program) assistance;
  • supportive housing for the elderly programs under the Housing Act of 1959; or
  • supportive housing for persons with disabilities programs under the Cranston-Gonzalez National Affordable Housing Act.

Specifies requirements for payment under an agreement, which shall be contingent on documented utility savings, as well as for agreement terms, eligibility, geographical diversity, and funding for the program.

Limits this demonstration program to properties subject to affordability restrictions, which may be through an affordability agreement under a new housing assistance payments contract with HUD, or through an enforceable covenant with the property owner, for at least 15 years after completion of any conservation improvements made under the program.

Requires HUD to submit to specified congressional committees a detailed plan for the implementation of this Act.

Authorizes HUD, for each fiscal year during which an agreement is in effect, to use any HUD appropriated funds for the renewal of contracts under the program.

What's happening now July 15, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2