This bill allows public housing agencies to use federal Capital Fund money to enter into energy performance contracts, which are agreements that fund energy efficiency improvements in buildings with the promise that savings from reduced energy costs will help repay the investment. Currently, public housing agencies have limited flexibility in how they can spend their Capital Fund assistance, so this legislation expands their options to make public housing more energy efficient. The bill affects public housing authorities nationwide and the low-income residents who live in public housing. The legislation does not specify new funding amounts or timelines, as it simply clarifies how existing Capital Fund money can be used rather than appropriating new money for this purpose.
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