A bill to amend the Foreign Assistance Act of 1961 providing that in issuing guaranties for housing projects in less-developed countries, the President give preference to projects using solar energy where feasible.

Amends the Foreign Assistance Act of 1961 to direct the President to give preference, in the issuance of housing project guaranties, to foreign projects utilizing solar energy technology. Directs that such preference also be given to projects using other specified renewable energy technologies.