A bill to amend section 201 of the Housing and Community Development Amendments of 1978 for the purpose of encouraging efforts relating to energy efficiency.

Amends the Housing and Community Development Amendments of 1978 to require the Secretary of Housing and Urban Development, before approving or disapproving rent increases for certain federally-assisted housing projects, to consider whether the mortgagor could control increases in utility costs by securing more favorable utility rates or by taking cost-effective actions to reduce energy consumption. Authorizes the Secretary: (1) to adjust the proposed rent increase upon determining the mortgagor could exercise such control; and (2) to provide financial assistance to a mortgagor to upgrade the project to satisfy energy efficiency standards prescribed by the Secretary.