USE OF INNOVATIVE BUILDING TECHNOLOGIES TO PROVIDE COST-SAVING HOUSING OPPORTUNITIES.

SEC. 216. USE OF INNOVATIVE BUILDING TECHNOLOGIES TO PROVIDE COST-SAVING HOUSING OPPORTUNITIES. Subtitle D of title II of the Cranston-Gonzalez National Afford-able Housing Act (42 U.S.C. 12801 et seq.) is amended by adding at the end the following: “SEC. 260. COST-SAVING BUILDING TECHNOLOGIES AND CONSTRUCTION TECHNIQUES. “(a) In General.—The Secretary shall make available a model program to utilize cost-saving building technologies and construction techniques for purposes of providing homeownership and rental opportunities under this title. “(b) Selection Criteria.—The Secretary shall establish criteria for participating jurisdictions to select projects for assistance under the model program which may include— “(1) the extent to which innovative, cost-saving building and construction technologies are utilized; “(2) the extent to which innovative, cost-saving construction techniques are utilized; “(3) the extent to which units will be made available to low-income families and individuals; “(4) the extent to which non-Federal public or private assistance is utilized; and “(5) any other factor, determined by the Secretary to be appropriate. “(c) Guidelines.—The Secretary shall publish guidelines for the model program under this section not later than 180 days after the date of the enactment of the Housing and Community Development Act of 1992. “(d) Report.—The Secretary shall submit a biennial report to the Congress on the utilization of the model program under this section.