Private Investment in Housing Act of 2015
Directs the Secretary of Housing and Urban Development (HUD) to establish a demonstration program under which, in FY2016 through FY2019, the Secretary 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:
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 the Secretary to submit to specified congressional committees a detailed plan for the implementation of this Act.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-07-15 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2015-07-14 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2015-07-14 | Vote | 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) | House floor actions |
| 2015-07-14 | Floor | Considered as unfinished business. (consideration: CR H5150-5151) | House floor actions |
| 2015-07-14 | Floor | 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. | House floor actions |
| 2015-07-14 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 2997. | House floor actions |
| 2015-07-14 | Floor | Considered under suspension of the rules. (consideration: CR H5135-5137) | House floor actions |
| 2015-07-14 | Floor | Mr. Luetkemeyer moved to suspend the rules and pass the bill. | House floor actions |
| 2015-07-09 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-07-09 | IntroReferral | Introduced in House | Library of Congress |