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Bill· HRH.R. 5926 (93rd)referred
United States · United States Congress · 21 March 1973
State Housing Corporation Act - Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to State housing corporations. Declares it to be the purpose of this Act to provide a means for private financial institutions to assist in providing housing, particularly for low- or moderate- income families, through such purchases and investments. (Amends 12 U.S.C. 1464(c), 24)
Bill· SS. 1299 (93rd)referred
United States · United States Congress · 20 March 1973
Provides under the Housing Act of 1949 that a city whose population falls to below fifty thousand to convert any outstanding urban renewal projects from a two-thirds to a three-fourths capital grant formula.
Bill· HRH.R. 5899 (93rd)referred
United States · United States Congress · 20 March 1973
Permits a city whose population falls to below fifty thousand to convert any outstanding urban renewal projects under the Housing Act of 1949 from a two-thirds to a three-fourths capital grant formula. (Amends 42 U.S.C. 1453)
Bill· HRH.R. 5876 (93rd)referred
United States · United States Congress · 20 March 1973
Provides, under the Economic Opportunity Act, that when Federal assistance to a community action program is discontinued, Federal property used for the program shall be transferred to the organization continuing the program.
Resolution· HRESH.Res. 317 (93rd)referred
United States · United States Congress · 20 March 1973
Redesignates the House Committee on Banking and Currency as the House Committee on Banking, Housing and Urban Affairs.
Bill· HRH.R. 5813 (93rd)referred
United States · United States Congress · 19 March 1973
Community Service Fellowship Act - States it to be the purpose of this Act to establish a community service fellowship program to: (1) encourage the development of meaningful learning experiences through full-time work in community service jobs throughout the country; (2) help break the academic lockstep by providing legitimate options to the immediate continuation of formal education courses; and (3) help provide creative and energetic manpower for presently undone but needed community tasks. Directs the Director of ACTION to develop and carry out a community service fellowship program, and national board to assist him in carrying out this Act. Provides that it shall be the duty of the national board to advise the Director, particularly with respect to: (1) criteria for the selection of community services projects to participate in the program; (2) approval of applications for community service projects; (3) names of persons it deems suitable for appointment to regional boards; (4) evaluation of community service programs being carried out under this Act; and (5) recommendations for the improvement of programs carried out under this Act. Directs the Director to establish not to exceed ten regional boards for regions which he shall establish. Provides that it shall be the duty of each regional board: (1) to propose for approval community service projects which meet criteria established by the Director with the advice of the national board; (2) to keep itself continually informed with respect to the conduct of community service projects in its region; (3) to recommend persons for designation as community service fellowship holders; (4) to encourage the utilization of fellows by local community service organizations; and (5) to perform such other duties as the national board may assign. Provides that the Director may not approve an application unless: (1) it provides for the employment of fellows in activities which contribute to the social well-being of the community; (2) it will result in the creation of new positions; and (3) it provides for certain planned activities which will help fellows understand the broad context and role of community services within the area represented by the applicant. Provides that each fellow participating in a community service project shall accumulate entitlement to educational benefits, so that for each month during which he is a fellow he shall be entitled to receive $150 for use by him for his educational expenses when he resumes his education.
Bill· HRH.R. 5694 (93rd)referred
United States · United States Congress · 15 March 1973
Requires the Secretary of Agriculture to use the Rural Housing Insurance Fund for the purpose of making loans for housing and buildings on farms in the amounts specified in appropriation Acts for such purpose. Provides that 10 percent of such funds shall be used to grant low interest rate loans to low and moderate income persons and families. (Amends 42 U.S.C. 1487(c))
Bill· HRH.R. 5625 (93rd)referred
United States · United States Congress · 14 March 1973
Federal Rent Stabilization Act - Provides for Federal rent stabilization under the Economic Stabilization Act. Sets forth the definition of terms used in this Act. States that, with respect to any lease in a low-vacancy area entered into during a low-vacancy period, no person may charge a monthly rent which exceeds the highest monthly rent previously charged for the same residence plus: (1) 2.5 percent thereof with respect to each consecutive twelve-month period beginning at the end of the preceding period of occupancy; and (2) the actual amount of any increase in tax, fee, or service charge levied by a State or local government and any necessary capital improvement after the beginning of the preceding period of occupancy (and not previously charged to any lessee) and allocable to that residence. Provides that any person who, after January 11, 1973, charged a rent in excess of the maximum amount permitted during a low-vacancy period shall refund to the lessee the entire excess amount or credit such amount on a prorated basis against the lessee's future rent payments. Excepts from this provision single-family dwelling units. Permits the President or his delegate to grant an exception when the operation of this Act would cause serious financial hardship to a lessor. States that no lessor shall take retaliatory action against any lessee who exercises any rights conferred upon him by this section. Makes it unlawful for any lessor to reduce services customarily provided by him, in consequence of the provisions of this section.
Bill· HRH.R. 5620 (93rd)referred
United States · United States Congress · 14 March 1973
Provides that any veteran with a non-service-connected disability involving the loss or loss of use of all extremities is eligible for a pension, specially adapted housing, and specially adapted automobiles. (Amends 38 U.S.C. 521)
Bill· SS. 1188 (93rd)referred
United States · United States Congress · 13 March 1973
Provides that any provision or requirement in any building code or other local law or ordinance, or in any contract or agreement, or any practice or other restraint which interferes with or restricts the use of new or improved techniques, methods, or materials or the use of preassembled products in connection with any development, construction, rehabilitation, or maintenance activity assisted under any program administered by the Secretary of Housing and Urban Development shall be unlawful with respect to such activity. Provides that any person who is aggrieved because of any provision or requirement in any building code or other local law or ordinance, or because of any contract, agreement, practice, or other restraint unlawful under this Act may bring a civil action in any appropriate United States district court notwithstanding any other provision of law and without regard to the amount in controversy.
Bill· HRH.R. 5416 (93rd)referred
United States · United States Congress · 8 March 1973
Authorizes the Secretary of Housing and Urban Development, under the Housing Amendments of 1955, to extend financial assistance for construction of water works to private corporations.
Bill· HRH.R. 5225 (93rd)referred
United States · United States Congress · 6 March 1973
National Mobile Home and Recreational Vehicle Safety Act - Directs the Secretary of Transportation and Secretary of Housing and Urban Development to establish by order appropriate nonoperational Federal mobile home and recreational vehicle safety standards. Provides that, in prescribing standards under this Act, the Secretary of Transportation and the Secretary of Housing and Urban Development shall: (1) consider relevant available mobile home safety data; (2) consult with such State or interstate agencies (including legislative committees) as he deems appropriate; (3) consider whether any such proposed standard is reasonable, practicable, and appropriate for the particular type of mobile home or recreational vehicle for which it is prescribed; (4) consider whether any such standard will result in a substantial increase in the retail price of mobile homes or recreational vehicles; and (5) consider the extent to which any such standard will contribute to carrying out the purpose of this title. Directs the Secretary of Transportation to issue initial Federal recreational vehicle and mobile home safety standards upon the expiration of a two hundred and seventy day period which begins on the date of enactment of this Act. Provides that the Secretary shall issue new and revised Federal recreational vehicle and mobile home safety standards under this title upon the expiration of the five hundred and forty-day period which begins on the date of enactment of this Act. Establishes both a National Mobile Home Safety Advisory Council, and a National Recreational Vehicle Safety Advisory Council, a majority of each of which shall be representatives of the general public, including representatives of State and local governments, and the remainder shall include mobile home or recreational vehicle manufacturers, dealers, representatives of insurers, and nationally recognized standards-producing organizations. Provides that the Secretary shall consult with the appropriate Advisory Council before establishing or revoking any mobile home or recreational vehicle safety standard pursuant to this title. Directs the Secretary to conduct research, testing, development and training necessary to carry out the purposes of this title. Provides that no person shall: (1) manufacture for sale, sell, offer for sale, or introduce or deliver for introduction into interstate commerce, or import into the United States, any mobile home or recreational vehicle manufactured on or after the date any applicable Federal mobile home or recreational vehicle safety standard takes effect under this title unless it is in conformity with such standard; (2) fail or refuse access to or copying of records, or fail to make reports or provide information, or fail or refuse to permit entry or inspection, as required under this Act; (3) fail to issue a certificate required by this Act, or issure a certificate to the effect that a mobile home or recreational vehicle conforms to all applicable Federal mobile home or recreational vehicle safety standards, unless such person in the exercise of due care has reason to know that such certificate is false or misleading in a material respect; or (4) fail to furnish notification of any defect as required by this Act. Provides for civil penalties for violations of this Act. Authorizes the Secretary to conduct such inspection and investigation as may be necessary to enforce Federal mobile home and recreational vehicles safety standards established under this Act. Provides that every manufacturer, distributor, and dealer of mobile homes and recreational vehicles shall maintain such records, make such reports, and provide such performance and technical data to the Secretary as may be required to carry out the purposes of this Act. Establishes a National Mobile Home and Recreational Vehicle Safety Institute in the Department of Housing and Urban Development. Provides that such Institute shall be headed by a Director appointed by the Secretary. Authorizes such Institute to : (1) develop, establish, and forward to the Secretary of Transportation recommended mobile home and recreational vehicle nonoperational safety standards; (2) conduct research, testing, development, and training as authorized by this title; (3) prepare the annual report to the Congress required by this title; and (4) perform all other functions of the Secretary of Housing and Urban Development under this Act. Requires the Secretary to submit to the President an annual report on the activities of the Department of Transportation under this Title. States that nothing in this Act shall prevent any State agency or court from asserting or continuing jurisdiction under State law over any aspect of mobile home or recreational vehicle safety with respect to which no standards have been established pursuant to this title. Provides that any State may assume responsibility for enforcement of any Federal standards which have been established under this Act upon approval by the Secretary under specified conditions. Authorizes the Secretary to make grants to States which have been delegated enforcement responsibility to assist them in identifying their needs and responsibilities in the area of safety standards enforcement or in developing enforcement plans. Provides that the Federal share of each such grant shall not exceed 90percent of the total cost. Authorizes Federal participation under the Home Owner's Loan Act of 1933 in any loan made for the purchase of a recreational vehicle or mobile home which meets or exceeds the safety standards established under this Act. Provides for Federal participation in loans made to veterans purchasing mobile homes and recreational vehicles which meet such standards.
Bill· HRH.R. 5224 (93rd)referred
United States · United States Congress · 6 March 1973
National Mobile Home and Recreational Vehicle Safety Act - Directs the Secretary of Transportation and Secretary of Housing and Urban Development to establish by order appropriate nonoperational Federal mobile home and recreational vehicle safety standards. Provides that, in prescribing standards under this Act, the Secretary of Transportation and the Secretary of Housing and Urban Development shall: (1) consider relevant available mobile home safety data; (2) consult with such State or interstate agencies (including legislative committees) as he deems appropriate; (3) consider whether any such proposed standard is reasonable, practicable, and appropriate for the particular type of mobile home or recreational vehicle for which it is prescribed; (4) consider whether any such standard will result in a substantial increase in the retail price of mobile homes or recreational vehicles; and (5) consider the extent to which any such standard will contribute to carrying out the purpose of this title. Directs the Secretary of Transportation to issue initial Federal recreational vehicle and mobile home safety standards upon the expiration of a two hundred and seventy day period which begins on the date of enactment of this Act. Provides that the Secretary shall issue new and revised Federal recreational vehicle and mobile home safety standards under this title upon the expiration of the five hundred and forty-day period which begins on the date of enactment of this Act. Establishes both a National Mobile Home Safety Advisory Council, and a National Recreational Vehicle Safety Advisory Council, a majority of each of which shall be representatives of the general public, including representatives of State and local governments, and the remainder shall include mobile home or recreational vehicle manufacturers, dealers, representatives of insurers, and nationally recognized standards-producing organizations. Provides that the Secretary shall consult with the appropriate Advisory Council before establishing or revoking any mobile home or recreational vehicle safety standard pursuant to this title. Directs the Secretary to conduct research, testing, development and training necessary to carry out the purposes of this title. Provides that no person shall: (1) manufacture for sale, sell, offer for sale, or introduce or deliver for introduction into interstate commerce, or import into the United States, any mobile home or recreational vehicle manufactured on or after the date any applicable Federal mobile home or recreational vehicle safety standard takes effect under this title unless it is in conformity with such standard; (2) fail or refuse access to or copying of records, or fail to make reports or provide information, or fail or refuse to permit entry or inspection, as required under this Act; (3) fail to issue a certificate required by this Act, or issure a certificate to the effect that a mobile home or recreational vehicle conforms to all applicable Federal mobile home or recreational vehicle safety standards, unless such person in the exercise of due care has reason to know that such certificate is false or misleading in a material respect; or (4) fail to furnish notification of any defect as required by this Act. Provides for civil penalties for violations of this Act. Authorizes the Secretary to conduct such inspection and investigation as may be necessary to enforce Federal mobile home and recreational vehicles safety standards established under this Act. Provides that every manufacturer, distributor, and dealer of mobile homes and recreational vehicles shall maintain such records, make such reports, and provide such performance and technical data to the Secretary as may be required to carry out the purposes of this Act. Establishes a National Mobile Home and Recreational Vehicle Safety Institute in the Department of Housing and Urban Development. Provides that such Institute shall be headed by a Director appointed by the Secretary. Authorizes such Institute to : (1) develop, establish, and forward to the Secretary of Transportation recommended mobile home and recreational vehicle nonoperational safety standards; (2) conduct research, testing, development, and training as authorized by this title; (3) prepare the annual report to the Congress required by this title; and (4) perform all other functions of the Secretary of Housing and Urban Development under this Act. Requires the Secretary to submit to the President an annual report on the activities of the Department of Transportation under this Title. States that nothing in this Act shall prevent any State agency or court from asserting or continuing jurisdiction under State law over any aspect of mobile home or recreational vehicle safety with respect to which no standards have been established pursuant to this title. Provides that any State may assume responsibility for enforcement of any Federal standards which have been established under this Act upon approval by the Secretary under specified conditions. Authorizes the Secretary to make grants to States which have been delegated enforcement responsibility to assist them in identifying their needs and responsibilities in the area of safety standards enforcement or in developing enforcement plans. Provides that the Federal share of each such grant shall not exceed 90percent of the total cost. Authorizes Federal participation under the Home Owner's Loan Act of 1933 in any loan made for the purchase of a recreational vehicle or mobile home which meets or exceeds the safety standards established under this Act. Provides for Federal participation in loans made to veterans purchasing mobile homes and recreational vehicles which meet such standards.
Bill· HRH.R. 5049 (93rd)referred
United States · United States Congress · 1 March 1973
Authorizes the Administrator of Veterans' Affairs to purchase from one or more life insurance companies a policy or policies of mortgage protection life insurance on a group basis for veterans unable to obtain commercial life insurance at a substandard rate because of a service-connected disability. Sets forth the maximum amount of insurance under a policy provided under this Act. Authorizes the Administrator to deduct insurance premiums from any compensation or other cash benefits payable to veterans by the Veterans' Administration, and to pay such premiums to the insurers. Provides that the United States shall bear all of the cost of the insurance provided under this Act, except the amount of premium rates. States that any amount of insurance in force under this Act on the date of death of an insured veteran shall be paid only to the holder of the mortgage loan on the veteran's home as a credit toward loan indebtedness. Requires each policy purchased under this Act to provide for the following: (1) reinsurance with other insurers which meet the Administrator's criteria; (2) that the Administrator may discontinue a whole policy, or exclude from coverage loans made after a date fixed by him; (3) issuance to each insured veteran of a certificate setting forth the benefits to which he is entitled; (4) any other provisions necessary to carry out this Act; and (5) an annual accounting to the Administrator of the amount of premiums paid, the total of all mortality and other claim charges incurred, and the amount of the insurer's expenses and risk charges. States that insurance under this Act shall terminate upon whichever of the following events first occurs: (1) satisfaction of the veteran's indebtedness under the loan upon which the insurance is based; (2) the veteran's 70th birthday; (3) termination of the veteran's ownership of the property securing the loan; (4) discontinuance of payment of premiums by the veteran; or (5) discontinuance of the entire contract or agreement. (Adds 38 U.S.C. 791-95)
Bill· HRH.R. 5059 (93rd)referred
United States · United States Congress · 1 March 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 5020 (93rd)referred
United States · United States Congress · 1 March 1973
Extends until July 1, 1976 (presently July 1, 1972) the provision under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 requiring a Federal agency to pay 100 percent of the first $25,000 of relocation payments required for a State to furnish real property incident to a Federal program. Extends until July 1, 1974, the provision requiring 100 percent Federal payment of costs resulting from the transfer of real property to a State. (Amends 42 U.S.C. 4627) Authorizes the head of a Federal agency, until June 30, 1973, to pay such sums in excess of the first $25,000 of cost as necessary to a State not in compliance with the Act. Makes provisions for non-approval of grants to the State and for deductions from Federal funds after that date. Provides that whenever the acquisition of real property for a program or project, to be undertaken by a person or State agency furnished pursuant to a grant, contract, or agreement, will result in the forced displacement of any person on or after the effective date of this Act, the head of the Federal agency furnishing such financial assistance shall provide: (1) fair and reasonable relocation payments and assistance to or for such displaced persons; (2) relocation assistance programs; and (3) decent, safe, and sanitary replacement dwellings to such displaced persons. Provides that no Government agency administering any Federal program shall, for the purpose of assuring compliance with the Act, impose any limitation on the removal of vacant improvements located on real property acquired in connection with such a Federally assisted project.
Bill· HRH.R. 4988 (93rd)referred
United States · United States Congress · 28 February 1973
Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations. Declares it to be the purpose of this Act to provide a means for private financial institutions to assist in providing housing, particularly for low or moderate income families, through such purchases and investments. (Amends 12 U.S.C. 1464 (c), 24)
Bill· HRH.R. 4939 (93rd)referred
United States · United States Congress · 28 February 1973
Requires the Secretary of Agriculture to use the Rural Housing Insurance Fund for the purpose of making loans for housing and buildings on farms in the amounts specified in appropriation Acts for such purpose. Provides that 10 percent of such funds shall be used to grant low interest rate loans to low and moderate income persons and families. (Amends 42 U.S.C. 1487(c))
Bill· HRH.R. 4838 (93rd)referred
United States · United States Congress · 27 February 1973
Provides that with respect to any lease of or implied contract for occupancy of a residence in a low vacancy State (having a rental vacancy rate of lower that 6.5 percent entered into during an applicable period) no person may charge a monthly rent which exceeds the highest monthly rent previously charged for the same residence plus: (1) 2.5 percent thereof annually; and (2) the amount of any increase in State or local taxes. Limits the rent for residences not leased during the preceding 48 month period to the fair market rental value of the residence. Requires the crediting on a prorated basis against future rent payment of the amount of rent in excess of the prescribed limits charged to a lessor after January 11, 1973. Stipulates that nothing in this Act shall be construed to invalidate the provisions of any State or local rent control laws or regulations except to the extent that they operate to permit to be charged a monthly rent in excess of that permitted by this Act. Permits the President to grant exceptions upon application where the operation of this Act would cause serious financial hardship to a lessor. Prohibits any retaliatory action against any person who exercises any rights conferred upon him by this Act.
Bill· HRH.R. 4855 (93rd)referred
United States · United States Congress · 27 February 1973
States that it is the purpose of this Act to: (1) help control urban sprawl; (2) prevent the spread of urban plight and deterioration; (3) encourage more economic, environmentally sound urban development; (4) assist in preserving areas and properties of historic or architectural value; and (5) help provide necessary recreational, conservation, and scenic areas. Establishes the Urban Parkland Heritage Corporation as an independent establishment in the executive branch to carry out the provisions of this Act. Provides that the Corporation shall be subject to the direction and supervision of a Board of Directors. Specifies the membership of the Board. States that all grants and loans made by the Corporation shall be approved by the Board which shall meet no less than four times annually. Authorizes the Corporation to make loans and grants to States and local public bodies to help finance the acquisition and development of open-space land in urban areas. States that the amount of any such grant shall not exceed 75 percent of the eligible project cost, as approved by the Corporation. Raises the amount of such grant to 90 percent if the State or local public body could not otherwise reasonably meet its need for open-space lands. Provides that the amount of any loan granted under this Act may not exceed 50 percent of the eligible project cost. Authorizes the Corporation to make grants for the operation and maintenance of open-space or other land in urban areas for open-space uses for the first four fiscal years of the operation of such lands. Provides that the initial grant shall not exceed 75 percent of the eligible cost and shall decrease to 30 percent of such costs over the four year period. Provides that the Corporation shall consult with appropriate agencies and officers of the Federal Government to establish and operate a program to provide technical assistance, upon request, to States and local public bodies. States that no grant or loan shall be made to any State or local public body in any fiscal year unless the State or local public body makes assurances to the Corporation that the amount available for expenditure from non-Federal sources for the acquisition and development of open-space land in that fiscal year will not be less than the amount expended for such purposes from non-Federal sources during the preceding fiscal year. Authorizes the Corporation to incur obligations on behalf of the United States in amounts aggregating $5,000,000,000 to finance grants and loans under this Act. Authorizes to be appropriated for the liquidation of the obligations incurred under this Act not to exceed $1,000,000,000 prior to July 1, 1974, not to exceed an aggregate of $2,000,000,000 prior to July 1, 1975, not to exceed an aggregate of $3,000,000,000 prior to July 1, 1976, not to exceed an aggregate of $4,000,000,000 prior to July 1, 1977, and not to exceed an aggregate of $5,000,000,000 prior to July 1, 1978.
Bill· HRH.R. 4851 (93rd)referred
United States · United States Congress · 27 February 1973
Housing and Urban Development Act - Title I: Community Development Block Grants - Authorizes the Secretary of Housing and Urban development to make and contract to make annual grants to States and units of general local government to help finance Community Development programs under this title. Sets forth requirements which must be met before a grant is made to any applicant. States that a Community Development program assisted under this title may include: (1) the acquisition, construction, reconstruction, or installation of public works, facilities, and site or other improvements; (2) code enforcement in deteriorated or deteriorating areas in which such enforcement, together with public improvements and services to be provided, may be expected to arrest the decline of the area; (3) clearance, demolition, removal, and rehabilitation of buildings and improvements, (4) payments to housing owners for losses of rental income incurred in holding for temporary periods housing units to be utilized for the relocation of individuals and families displaced by program activities; and (5) disposition (through sale, lease, donation, or otherwise) of any real property acquired pursuant to this title or its retention for public purposes. Authorizes the Secretary to incur obligations on behalf of the United States in the form of grant agreements or otherwise in amounts aggregating such sum, not to exceed $5,500,000,000, as may be approved in an appropriation Act. Provides that the amount so approved shall become available for obligation on July 1, 1973, and shall remain available until obligated. Authorizes to be appropriated for liquidation of the obligations incurred not to exceed $2,500,000,000 prior to July 1, 1974, which amount may be increased to not to exceed an aggregate of $5,500,000,000 prior to July 1, 1975. Requires the Secretary to report annually to the Congress with respect to outstanding grants or other contractual agreements executed pursuant to the above paragraph, and shall submit to the Congress timely requests for increased authorizations for fiscal years commencing after June 30, 1975. Provides for the allocation and distribution of such funds. Authorizes the Secretary to make loans to States and units of general local government to provide financing for the acquisition of real property to serve or be used in carrying out activities which are eligible for assistance under this title. Requires all laborers and mechanics employed by contractors or subcontractors in the performance of construction work financed in whole or in part with grants received under this title shall be paid wages at rates not less than those prevailing on similar construction in the locality as determined by the Secretary of Labor in accordance with the Davis-Bacon Act. Authorizes the Secretary to transfer the assets and liabilities of any program of housing or urban development which is superseded or made inactive by reason of this title to the revolving fund for liquidating programs established pursuant to title II of the Independent Offices Appropriation Act of 1955. Title II: Housing for Low and Moderate Income Families - Provides that Title I of this Act shall not be effective so long as funds appropriated or otherwise made available for assistance payments under the National Housing Act, for rent supplement payments under the Housing and Urban Development Act, or for annual contributions under the United States Housing Act are being impounded or otherwise withheld from use for their intended purpose. Establishes local responsibilities for low and modern income housing.
Bill· HRH.R. 4791 (93rd)referred
United States · United States Congress · 27 February 1973
Directs the President to establish a Rent Control Board which shall control the level of rents in the United States through the establishment of a cost justification formula for landlords. Provides that whenever the Board determined, through the application of such formula to a landlord, that any rent increase after January 11, 1973, results in his having an unreasonably high rate of return on his capital, the Board shall order such landlord to reduce his rents to an appropriate level. Empowers the Board to promulgate such regulations as it considers necessary or appropriate to effectuate the provisions of this Act, including regulations to prohibit retaliatory action by any landlord against any tenant.
Bill· HRH.R. 4746 (93rd)referred
United States · United States Congress · 27 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 4792 (93rd)referred
United States · United States Congress · 27 February 1973
Directs the President to establish a Rent Control Board which shall control the level of rents in the United States through the establishment of a cost justification formula for landlords. Provides that whenever the Board determined, through the application of such formula to a landlord, that any rent increase after January 11, 1973, results in his having an unreasonably high rate of return on his capital, the Board shall order such landlord to reduce his rents to an appropriate level. Empowers the Board to promulgate such regulations as it considers necessary or appropriate to effectuate the provisions of this Act, including regulations to prohibit retaliatory action by any landlord against any tenant.
Bill· HRH.R. 4719 (93rd)referred
United States · United States Congress · 26 February 1973
Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations. Declares it to be the purpose of this Act to provide a means for private financial institutions to assist in providing housing, particularly for low or moderate income families, through such purchases and investments. (Amends 12 U.S.C. 1464 (c), 24)
Bill· SS. 971 (93rd)referred
United States · United States Congress · 22 February 1973
Home Preservation Act - Title I: Refinancing for Home Preservation - Authorizes the Secretary of Housing and Urban Development to insure any mortgage in accordance with the provisions of this Act, and to make commitments for such insurance prior to the date of the execution of any mortgage or any disbursement thereon. Directs the Secretary to establish procedures to expedite, to the maximum extent feasible, the processing and approval of applications for such insurance. States that the purpose of this Act is to encourage the preservation and upgrading of existing low- and moderate-income housing through such a program of mortgage insurance. Provides that such mortgage insurance shall apply to predominately residential property which provide either low- or moderate-income housing and satisfies specified conditions regarding the property's potential and present condition. Provides for a limitation on the amount of indebtedness insured. Provides for complete amortization by periodic payments within terms satisfactory to the Secretary, as the mortgagor and mortgagee agree upon, but not to exceed 25 years. Provides that the interest rate on such mortgage shall not exceed the secretary's regulation. Provides percentage limitations upon the Secretary's insurance obligation with respect to the principal of a mortgage. Authorizes the Secretary to issue regulations to assure that the purpose of the act is accomplished. Title II: Home Repair Loans for the Elderly and Handicapped - Provides that in order to assist elderly or handicapped families repair and improve their homes, the Secretary is authorized to provide assistance in the form of loans to qualified borrowers and in the form of advances when necessary to specified recipients. States that loan assistance shall limit the principal to the lesser of $5,000 or the cost of the necessary repairs and improvements, bear an interest rate of 3 percent, and be amortized within fifteen years. Provides that advances shall create a lien upon the property, will not exceed $5000 and bear no interest. Title III: Emergency Home Preservation Loans - Authorizes the Secretary to enter into a loan agreement, upon such terms and conditions as he may prescribe, with a mortgagor who is temporarily unable to make monthly mortgage payments as a result of the death, disability, illness, or unemployment of the principal mortgagor for reasons beyond his control, which agreement provides for the making of disbursements on that loan in the form of periodic payments to a mortgagee on behalf of that mortgagor. Provides for loan limitations and regulations to be made by the Secretary. Authorizes the Secretary, upon such terms and conditions as he may prescribe, to make home repair loans to homeowners who are unable to finance on reasonable terms, by any means other than this Act, the full cost of repairs necessary to maintain their homes. Defines who is a qualified borrower. Title IV: Miscellaneous - Creates a Home Preservation Fund which shall be used by the Secretary in administering this Act. Authorizes $50,000,000 to be appropriated for this fund.
Bill· SS. 968 (93rd)referred
United States · United States Congress · 21 February 1973
Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations. Declares it to be the purpose of this Act to provide a means for private financial institutions to assist in providing housing, particularly for low or moderate income families, through such purchases and investments. (Amends 12 U.S.C. 1464 (c), 24)
Bill· HRH.R. 4561 (93rd)referred
United States · United States Congress · 21 February 1973
Provides that the abolishment of the adjusted premium charge in mortgages covering multifamily housing projects be effective with respect to any prepayments made on or after March 1, 1972. Provides for refunds to any mortgagee required to pay the adjusted premium charge on or after such date.
Bill· HRH.R. 4545 (93rd)referred
United States · United States Congress · 21 February 1973
Provides that the Federal Savings and Loan Corporation shall not, on or after the date of enactment of this Act, accept or receive further payments in the nature of prepayments of future premiums as was formerly required by the National Housing Act (including any such payments which have accrued or are payable under such former provisions). States that when no insured institution has any pro rata share of the secondary reserve, or has any such share not immediately payable to it, the Corporation may take such steps as it may deem appropriate to close out and discontinue the secondary reserve. Eliminates the prepayment of additonal premiums and restructures the premium payment system by giving the Federal Home Loan Bank Board discretion to adjust the level of cash payments to the corporation within a range of 30 to 70 percent of the regular annual premiums with the remainder to be transferred from the secondary reserve of accumulated premium prepayments. Provides that if at any December 31 the Federal Savings and Loan Insurance Corporations reserve ratio is less than 1.25 percent, full cash payment of the regular premium would be begun and continued until the year-end ratio again reaches 1.25 percent.
Bill· HRH.R. 4461 (93rd)referred
United States · United States Congress · 21 February 1973
Requires the Secretary of Labor, under the Occupational Safety and Health Act of 1970, to recognize the difference in hazards to employees between the heavy construction industry and the light residential construction industry in promulgating health and safety standards. (Amends 29 U.S.C. 655)
Bill· HRH.R. 4500 (93rd)referred
United States · United States Congress · 21 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 4433 (93rd)referred
United States · United States Congress · 20 February 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, for expenses incurred by a taxpayer in making repairs and improvements to his residence. Limits such tax deduction to $1,000. (Amends 26 U.S.C. 218)
Bill· HRH.R. 4377 (93rd)referred
United States · United States Congress · 20 February 1973
Directs the President to establish a Rent Control Board which shall control the level of rents in the United States through the establishment of a cost justification formula for landlords. Provides that whenever the Board determined, through the application of such formula to a landlord, that any rent increase after January 11, 1973, results in his having an unreasonably high rate of return on his capital, the Board shall order such landlord to reduce his rents to an appropriate level. Empowers the Board to promulgate such regulations as it considers necessary or appropriate to effectuate the provisions of this Act, including regulations to prohibit retaliatory action by any landlord against any tenant.
Bill· HRH.R. 4407 (93rd)referred
United States · United States Congress · 20 February 1973
States that nothing contained or prescribed in the Housing Act of 1949 or any other Federal Law shall prevent a locality from having and continuing in effect a building, plumbing, electrical, fire prevention, or related code emboding standards which, in terms of protecting the public health and safety, are determined by the National Bureau of Standards to be as high as or higher than the corresponding minimum code standards specified by the Secretary of Housing and Urban Development as required to be met in order for such locality to qualify for assistance or certification under the Act or any other provision of Federal law.
Bill· HRH.R. 4345 (93rd)referred
United States · United States Congress · 20 February 1973
Prohibits Federal assistance to rental housing projects where tenants are not allowed to have dogs, or to local governments which do not permit dogs in rental housing. Permits the removal of any dog which constitutes a threat to the health or safety of the residents or neighbors of the housing project.
Bill· HRH.R. 4335 (93rd)referred
United States · United States Congress · 20 February 1973
Prohibits the impoundment of funds appropriated for programs under the jurisdiction of the Secretary of Housing and Urban Development and authorized by specified Acts.
Bill· SS. 910 (93rd)referred
United States · United States Congress · 19 February 1973
Accords borrowers the right to employ qualified attorneys of their choice in performing necessary legal services in connection with loans under title V of the Housing Act of 1949.
Bill· SS. 898 (93rd)referred
United States · United States Congress · 19 February 1973
Authorizes insurance, under the National Housing Act, in connection with loans to finance the purchase of, and improvements to, lots on which mobile homes will be placed. Provides that the principal amount of the obligation for the purchase of a mobile home shall not exceed $10,000 ($15,000 in the case of a mobile home composed of two or more modules) plus an additional amount, prescribed by the Secretary of the Treasury to cover the cost of necessary site preparation. States that the maximum maturity of any such obligation shall not exceed twelve years and thirty-two days (fifteen years and thirty-two days in the case of a two modules home). Provides that in the case of an obligation financing the purchase of a mobile home and an undeveloped lot on which to place the home, the principal amount of the obligation shall not exceed the maximum amount specified above and such amount not to exceed $5,000 as may be necessary to cover the cost of purchasing the lot. Provides that the maximum maturity of any such obligation shall not exceed fifteen years and thirty-two days. Provides insurance for construction purposes, other than the purchaser of a mobile home, with the following limitations; the principal amount of the obligation shall not exceed $5,000, and the maturity of the obligation shall not exceed three years and thirty-two days (seven years and thirty-two days in any case where the Secretary determines that an extension in such period is in the public interest after giving consideration to the general effect of the extension upon borrowers, the building industry, and the general economy). States that the foregoing limitations on the maturity of any such obligation shall not apply if the loan, advance of credit, or purchase is for the purpose of financing the construction of a new structure for use in whole or in part for agricultural purposes.
Bill· SS. 892 (93rd)referred
United States · United States Congress · 19 February 1973
Provides that the Federal Savings and Loan Corporation shall not, on or after the date of enactment of this Act, accept or receive further payments in the nature of prepayments of future premiums as was formerly required by the National Housing Act (including any such payments which have accrued or are payable under such former provisions). States that when no insured institution has any pro rata share of the secondary reserve, or has any such share not immediately payable to it, the Corporation may take such steps as it may deem appropriate to close out and discontinue the secondary reserve. Eliminates the prepayment of additional premiums and restructures the premium payment system by giving the Federal Home Loan Bank Board discretion to adjust the level of cash payments to the Corporation within a range of 30 to 70 percent of the regular annual premiums with the remainder to be transferred from the secondary reserve of accumulated premium prepayments. Provides that if at any December 31 the Federal Savings and Loan Insurance Corporations reserve ratio is less than 1.25 percent, full cash payment of the regular premium would be begun and continued until the year-end ratio again reaches 1.25 percent.
Bill· SS. 899 (93rd)referred
United States · United States Congress · 19 February 1973
Extends the definition of "housing" under Title V of the Housing Act of 1949 to include mobile homes. Authorizes loans for such housing and prescribes minimum property standards for the site on which such home will be located.
Bill· SS. 854 (93rd)referred
United States · United States Congress · 15 February 1973
States that the purposes of this Act includes assistance to general purpose units of government and regional combinations thereof in developing the management capacity to implement plans to solve planning problems; and to encourage the development of a more rational process for setting policy objectives, designing, and overseeing programs to meet these objectives, and evaluating the progress of such programs. Provides that grantees could be: (1) States for planning assistance to local governments; (2) States for State and interstate activities; (3) Cities of fifty thousand or more; (4) area-wide organizations; (5) Indian tribal group or bodies; and (6) other governmental units or agencies having special planning needs. Provides specific activities which may be undertaken with grant money. Provides that each recipient would be required to carry out an ongoing planning process, including provision for public hearings and other citizen participation. States that a comprehensive plan would be required which must include, at a minimum, a housing element, a five year capital program element and a land use element. Authorizes the Secretary to make annual grants upon application. States that the Secretary would not be authorized to make any grant to applicants which have not made a good faith effort to implement their plan's objectives, and, after three years, to States, cities, and areawide organizations whose comprehensive planning does not have the required elements. States that grants may not exceed 80 percent of the program cost. Authorizes to be appropriated for such grants not to exceed $470,000,000 in fiscal 1972, $607,000,000 in fiscal 1973 and $807,000,000 in fiscal 1974. Provides that 30 percent of the first $125,000,000 appropriated and 25 percent of any excess funds appropriated would be required to be available for grants solely to areawide organizations. Provides authority to make grants for surveys and acquisition of structures and sites of historic or architectural value. States that grants would not be available for acuisition (except historic structures), construction, repair, or rehabilitation of, or the preparation of engineering or similar drawings or specifications for, specific housing, capital facilites, or public works projects. Directs the Secretary to consult with other Federal agencies with respect to general standards and procedures, and any specific project which might be of interest to a particular agency. Includes comprehensive planning as a covered activity under the Demonstration Cities and Metropolitan Development Act of 1966. Redefines the term review agency under such Act to include the areawide agency which has prepared or is in the process of preparing a metropolitan or regional plan for the area and which is predominantly composed of elected officials of a unit of areawide government or the units of general local government in the area. Authorizes the Secretary under title VIII of the Housing and Urban Development Act of 1964 to provide fellowships for the graduate training of professional city planning, management, and housing specialists, and other persons who wish to develop a general capacity in urban affairs. Provides that the training may include architecture, civil, engineering, economics, municipal finance, public administration, urban affairs, and sociology. Provides project grants and contracts to institutions of higher education to assist them in developing the appropriate graduate programs of the type for which fellowship grants could be given. Provides that institutions of higher learning would be required to submit an application, which would include its proposed program, in order to be eligible for a grant. States that grants could be used by the institution to pay part of the compensation of students employed in professional positions. Increases the grant authorization under title VIII to $45,000,000.
Bill· SS. 855 (93rd)referred
United States · United States Congress · 15 February 1973
Authorizes the Secretary of Housing and Urban Development to make expenditures to correct, or to compensate the owner for, structural or other defects which seriously affect the use and livability of any single-family dwelling which is covered by mortgage insurance under the National Housing Act if the defect is one that existed on the date of the mortgage commitment and is one that proper inspection could reasonably be expected to disclose. Provides that the owner must request assistance from the Secretary within certain periods of time set forth in this Act after the date of enactment of the Housing and Urban Development Act of 1972. States that the Secretary may require from the seller of any such dwelling an agreement to reimburse him for any payments made pursuant to this Act with respect to such dwelling.
Bill· SS. 833 (93rd)referred
United States · United States Congress · 8 February 1973
Provides for the repeal of the provisions of the National Housing Act and the United States Housing Act which require prevailing wage determinations under the Davis-Bacon Act for federally assisted housing.
Bill· HRH.R. 4309 (93rd)referred
United States · United States Congress · 8 February 1973
Community Service Fellowship Act - States it to be the purpose of this Act to establish a community service fellowship program to: (1) encourage the development of meaningful learning experiences through full-time work in community service jobs throughout the country; (2) help break the academic lockstep by providing legitimate options to the immediate continuation of formal education courses; and (3) help provide creative and energetic manpower for presently undone but needed community tasks. Directs the Director of ACTION to develop and carry out a community service fellowship program, and national board to assist him in carrying out this Act. Provides that it shall be the duty of the national board to advise the Director, particularly with respect to: (1) criteria for the selection of community services projects to participate in the program; (2) approval of applications for community service projects; (3) names of persons it deems suitable for appointment to regional boards; (4) evaluation of community service programs being carried out under this Act; and (5) recommendations for the improvement of programs carried out under this Act. Directs the Director to establish not to exceed ten regional boards for regions which he shall establish. Provides that it shall be the duty of each regional board: (1) to propose for approval community service projects which meet criteria established by the Director with the advice of the national board; (2) to keep itself continually informed with respect to the conduct of community service projects in its region; (3) to recommend persons for designation as community service fellowship holders; (4) to encourage the utilization of fellows by local community service organizations; and (5) to perform such other duties as the national board may assign. Provides that the Director may not approve an application unless: (1) it provides for the employment of fellows in activities which contribute to the social well-being of the community; (2) it will result in the creation of new positions; and (3) it provides for certain planned activities which will help fellows understand the broad context and role of community services within the area represented by the applicant. Provides that each fellow participating in a community service project shall accumulate entitlement to educational benefits, so that for each month during which he is a fellow he shall be entitled to receive $150 for use by him for his educational expenses when he resumes his education.
Bill· HRH.R. 4219 (93rd)referred
United States · United States Congress · 8 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 4183 (93rd)referred
United States · United States Congress · 8 February 1973
Small Communities Planning, Development, and Training Act - Title I: Community Development Bank - Creates an independent agency known as the Community Development Bank with a board of directors of 14 persons, one of whom shall be the President of the bank. Provides that the President, by and with the advice and consent of the Senate, shall appoint the President of the bank and the directors, no more than three of whom shall be officers or employees of the United States and at least seven of whom shall be identified with or representatives of State or local government. Provides that the president of the bank shall serve at the pleasure of the President. Authorizes the appropriation of $1,000,000 to the Secretary of Housing and Urban Development to pay the initial organizing and operating expenses of the bank. Authorizes the bank to make commitments to purchase, and to purchase, service, or sell on terms and conditions determined by the bank, any obligation of a State or local government which is not exempt from Federal taxation. Makes similar provision for the purchase of evidences of indebtedness making loans to any private nonprofit organization or association representing a community under applicable State or local law. Permits purchases or loans to be made only for the purpose of financing capital expenditures. Provides that priority shall be given to small communities. Limits obligations or loans to 40 year maturities bearing interest at a rate not less than 2/3 of the current average yield or outstanding obligations of the bank for the month preceding the date on which the loan or purchase is made. Authorizes the bank to issue obligations totaling $5,000,000,000 initially with an additional $5,000,000,000 on July 1, 1973, and another $5,000,000,000 on July 1, 1974. Authorizes the Secretary of the Treasury to purchase obligations of the bank by utilizing proceeds of the sale of securities under the Second Liberty Bank Act. Provides that receipts and disbursements of the banks shall be exempt from any annual expenditure and net lending limitations imposed on the budget. Provides for annual reports from the President to the Congress on program and administrative activities of the bank. Authorizes the Secretary of Housing and Urban Development to make payments to the bank to cover the difference between interest paid and interest received on bank obligations. Authorizes the appropriation of necessary funds for this purpose. Sets forth the powers of the bank including the power to sue or be sued and the power to issue bylaws rules and regulations and to adopt a corporate seal. Authorizes the bank to provide technical assistance to State and local governments in preparing and implementing comprehensive development projects and programs. Permits the charging of fees for such services. Provides for an audit of the bank by the General Accounting Office. Provides that the real and tangible personal property of the bank shall be subject to ad valorem taxes and that the principal and interest of all obligations of the bank shall be taxed to the same extent as the obligations of private corporations. Makes the bank otherwise tax exempt. Makes the obligations of the bank lawful investments which may be accepted as security and exempts such obligations from the laws administered by the Securities and Exchange Commission. Title II: Public Facility Loan Program Amendments - Authorizes the Secretary of Housing and Urban Development, as an alternative to existing programs of assistance, to guarantee the bonds and other obligations of political subdivisions or instrumentalities of the States which are not exempt from Federal taxation. Permits annual grants equal to 40 percent of the annual interest on such obligations. Pledges the full faith and credit of the United States to the payment of such guarantees. Authorizes the Secretary to take such steps as he considers reasonable to assure that obligations guaranteed under this section will: (1) be issued to investors approved by, or meeting requirements prescribed by, the Secretary, or if an offering to the public is contemplated, be underwritten upon terms and conditions approved by the Secretary; (2) bear interest at a rate satisfactory to the Secretary; (3) contain or be subject to repayment, maturity, and other provisions satisfactory to the Secretary; and (4) contain or be subject to provisions with respect to the protection of the security interests of the United States, including any provisions deemed appropriate by the Secretary relating to subrogation, liens, and releases of liens, payment of taxes, cost certification procedures, escrow or trusteeship requirements or other matters. Authorizes the Secretary to establish a separate revolving fund to provide for: (A) the timely payment of any liabilities incurred as the result of guarantees or grants; (B) the payment of obligations issued to the Secretary of the Treasury; and (C) any other program expenditures under this section, including administrative and nonadministrative expenses. Provides that such revolving fund shall be comprised of: (A) receipts from fees and charges; (B) recoveries under security, subrogation, and other rights; (C) any other receipts obtained in connection with guarantees made under this section; (D) proceeds of the obligations issued to the Secretary of the Treasury; and (E) such sums as are authorized to be appropriated. Authorizes the Secretary to issue obligations to the Secretary of the Treasury, who is authorized to purchase such obligations, for the purpose of carrying out the above functions. Limits outstanding principal obligations to $200,000,000. Title III: Community Development Block Grants - Makes it the purpose of the title to further the development of a national growth policy by consolidating a number of complex and overlapping programs of financial assistance to communities of varying sizes and needs into a single, consistent system of Federal aid which: (1) is funded in advance on a regular basis upon which communities can rely in their planning; (2) can provide assistance on an annual basis with maximum certainty and efficiency and minimum delay; (3) encourages community development activities which are consistent with comprehensive local and areawide development planning; and (4) furthers the achievement of the national housing goal of a decent home and a suitable living environment for every American family. Authorizes the Secretary to make annual grants to units of general local government to help finance approved Community Development Programs. Limits such grants to 90 percent of the cost of the program. Sets forth the requirements for eligibility for such grants. Provides that a Community Development Program assisted under this title may include: (1) the acquisition of real property (including air rights, water rights, and other interests therein) which is: (A) blighted, deteriorated, deteriorating, undeveloped, or inappropriately developed from the standpoint of sound community development and growth; (B) necessary for the preservation or restoration of historic sites, the beautification of land, the conservation of open spaces, natural resources, and scenic areas, the provision of recreational opportunities, or the guidance of development; (C) to be used for the provision of public works, facilities, and improvements eligible for assistance under this title; or (D) to be used for other public purposes; (2) the acquisition, construction, reconstruction, or installation of public works, facilities, and site or other improvements-including water and sewer facilities, neighborhood facilities, historic properties, utilities, streets, street lights, foundations and platforms for air right sites, pedestrian malls and walkways, parks, and playgrounds; (3) code enforcement in deteriorated or deteriorating areas in which such enforcement, together with those public improvements to be provided, may be expected to arrest the decline of the area; (4) clearance, demolition, removal, and rehabilitation of buildings and improvements (including financing of the rehabilitation of privately owned properties); (5) payments to housing owners for losses of rental income incurred in holding for temporary periods housing units to be utilized for the relocations of individuals and families displaced by program activities; (6) disposition (through sale, lease, donation, or otherwise) of any real property acquired pursuant to this title or its retention for public purposes; (7) provision of health, social, and similar services where the Secretary deems it necessary to properly support other approved community development activities; and (8) such other projects or activities assisted under a Federal grant-in-aid program as the Secretary approves as part of a community development program. Authorizes the Secretary to make grant agreements for metropolitan areas in amounts aggregating not more than $7,500,000,000. Authorizes the appropriation of $2,000,000,000 prior to July 1, 1973, to liquidate the obligations so incurred. Increases this amount to $4,500,000,000 prior to July 1, 1974 and to $7,500,000,000 thereafter. Authorizes the appropriation of $5,000,000,000 for each of fiscal years 1973, 1974, and 1975 for grants to States and units of general local government outside metropolitan areas. Provides that distributions to metropolitan areas shall be based on a formula of population, poverty, and overcrowding. Provides that distributions to cities within each metropolitan area shall be based on the same formula. Provides that in making distributions to States and local governments in nonmetropolitan areas the Secretary shall consider plans and ideas for community development programs as well as such factors as population, amount of poverty, overcrowding, and housing deficiencies and other social and fiscal conditions. Title IV: National Community Affairs Institute - Directs the Secretary to establish a National Community Affair Institute which shall have as its purpose the development and revitalization of small communities. Provides that the Institute shall be headed by a board of directors which shall be chaired by the Librarian of Congress. Title V: Fellowships for Small Community Planning and Development - Authorizes the Secretary to provide fellowships for graduate training of professional technicians and specialists in the field of small community planning and development.
Bill· HRH.R. 4160 (93rd)referred
United States · United States Congress · 7 February 1973
Allows a tax deduction, under the Internal Revenue Code of 1954, for expenses incurred by a taxpayer in making repairs and improvements to his residence. Limits such tax deduction to $1,000. (Amends 26 U.S.C. 218)
Bill· SS. 779 (93rd)referred
United States · United States Congress · 6 February 1973
Provides that expenses incurred in the construction of the J.L. Hardwick Municipal Building in Talladega, Alabama, shall be eligible as local grants-in-aid for purposes of title I of the Housing Act of 1949.
Bill· HRH.R. 3882 (93rd)referred
United States · United States Congress · 6 February 1973
Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.
Bill· HRH.R. 3818 (93rd)referred
United States · United States Congress · 6 February 1973
Requires the Secretary of Housing and Urban Development, in the administration of the housing programs under his jurisdiction, to take more fully into account the special needs of the elderly.