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(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;
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.
Written by the nonpartisan Congressional Research Service, describing H.R. 2997 as passed House without amendment on Jul 14, 2015. It is not the text of the measure; a later amendment may have changed what it does.
House Jul 14, 2015
Private Investment in Housing Act of 2015
Passed · Two-thirds required
395 Yea 28 Nay 10 not voting
Crossed both parties 28 of 423 voting members broke with their own party: 28 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
433 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 2997 and vote against it. 3 signed when it was filed.
Organizations that named H.R. 2997 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
24 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.