Bipartisan House Bill Would Authorize HUD Pay-For-Success Demonstration

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Today, LIIF joined Enterprise Community Partners and the Stewards for Affordable Housing for the Future to applaud Representatives Dennis Ross (R-FL-15), Emanuel Cleaver (D-MO-5) and Jim Himes (D-CT-3) for introducing the Private Investment in Housing Act. The bipartisan legislation would authorize a “pay-for-success” (PFS) demonstration within HUD to save taxpayer dollars and improve the energy efficiency of government-supported multifamily properties.

Enterprise’s Housing Horizon blog featured an overview of the new legislation and its potential impact to improve the energy efficiency of multifamily housing. By leveraging private funds to upgrade assisted housing, the bill could potentially save the federal government hundreds of millions of dollars in energy costs.

Read the full article at the Housing Horizon blog

 

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Source: Enterprise Community Partners