US Codex
Pub. L.
Notes

Title III — Committee on Banking, Housing, and Urban Affairs

117th Congress · Approved Aug 16, 2022 · 136 Stat. 1818 · Lineage

TITLE III Committee on Banking, Housing, and Urban Affairs

SEC. 30001. Enhanced Use of Defense Production Act of 1950.

In addition to amounts otherwise available, there is appropriated for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, $500,000,000, to remain available until September 30, 2024, to carry out the Defense Production Act of 1950 (50 U.S.C. 4501 et seq.).

SEC. 30002. Improving Energy Efficiency or Water Efficiency or Climate Resilience of Affordable Housing.

(a)
Appropriation.— 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—
(1)
$837,500,000, to remain available until September 30, 2028, for the cost of providing direct loans, the costs of modifying such loans, and for grants, as provided for and subject to terms and conditions in subsection (b), including to subsidize gross obligations for the principal amount of such loans, not to exceed $4,000,000,000, to fund projects that improve energy or water efficiency, enhance indoor air quality or sustainability, implement the use of zero-emission electricity generation, low-emission building materials or processes, energy storage, or building electrification strategies, or address climate resilience, of an eligible property;
(2)
$60,000,000, to remain available until September 30, 2030, for the costs to the Secretary for information technology, research and evaluation, and administering and overseeing the implementation of this section;
(3)
$60,000,000, to remain available until September 30, 2029, for expenses of contracts or cooperative agreements administered by the Secretary; and
(4)
$42,500,000, to remain available until September 30, 2028, for energy and water benchmarking of properties eligible to receive grants or loans under this section, regardless of whether they actually received such grants or loans, along with associated data analysis and evaluation at the property and portfolio level, and the development of information technology systems necessary for the collection, evaluation, and analysis of such data.
(b)
Loan and Grant Terms and Conditions.— Amounts made available under this section shall be for direct loans, grants, and direct loans that can be converted to grants to eligible recipients that agree to an extended period of affordability for the property.
(c)
Definitions.— As used in this section—
(1)
the term “eligible recipient” means any owner or sponsor of an eligible property; and
(2)
the term “eligible property” means a property assisted pursuant to—
(A)
section 202 of the Housing Act of 1959 (12 U.S.C. 1701q);
(B)
section 202 of the Housing Act of 1959 (former 12 U.S.C. 1701q), as such section existed before the enactment of the Cranston-Gonzalez National Affordable Housing Act;
(C)
section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013);
(D)
section 8(b) of the United States Housing Act of 1937 (42 U.S.C. 1437f(b));
(E)
section 236 of the National Housing Act (12 U.S.C. 1715z–1); or
(F)
a Housing Assistance Payments contract for Project-Based Rental Assistance in fiscal year 2021.
(d)
Waiver.— The Secretary may waive or specify alternative requirements for any provision of subsection (c) or (bb) of section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f(c), 1437f(bb)) upon a finding that the waiver or alternative requirement is necessary to facilitate the use of amounts made available under this section.
(e)
Implementation.— The Secretary shall have the authority to establish by notice any requirements that the Secretary determines are necessary for timely and effective implementation of the program and expenditure of funds appropriated, which requirements shall take effect upon issuance.