Housing

An Act to provide a 2-month extension of the exemption for loans made to finance the acquisition of previously occupied residential dwellings from the prohibition against financing by federally-related financial institutions for property located in communities not participating in the national flood insurance program.

United States · United States Congress · 19 December 1975

Extends from January 1, 1976 until March 1, 1976 the final date of the exemption for loans made to finance the acquisition of previously occupied residential dwellings from the prohibition against financing by federally-related financial institutions for property located in communities not participating in the national flood insurance program.

Emergency Tenants' Loan Act

United States · United States Congress · 17 December 1975

Emergency Tenants' Loan Act - Authorizes the Secretary of Housing and Urban Development to make repayable emergency rent payments on behalf of tenants who are, or will be, subject to eviction proceedings as a result of being unable to make their rental payments by reason of their unemployment or underemployment. States that such payments may not be approved unless: (1) the tenant will be unable to make his rental payments; (2) the tenant has incurred a substantial reduction in income due to adverse economic conditions; (3) there is a reasonable prospect that the tenant will be able to repay the loan made by the Secretary; and (4) the rental property is the tenant's principal place of residence. Allows rental assistance for part or all of the tenant's rent up to $250 per month for a maximum of two years. Provides for interest to be charged according to the tenant's ability to pay but not more than eight percent per annum. Requires that the payments be deferred until the tenant is able to repay the loan. Permits the Secretary to require security for the repayment of the loan, but provides that the Secretary may not refuse a loan for lack of security. Authorizes to be appropriated not more than $500,000,000 to carry out the purposes of this Act. Provides that no payments may be authorized after September 30, 1977. Provides for penalties for any person obtaining any benefits under this Act through the giving of false information. Requires the Secretary to report to the Congress every 60 days concerning delinquent repayments and actions taken to carry out the purposes of this Act.

A bill to provide that a State or political subdivision may levy a tax with respect to a federally assisted housing project which under Federal law is otherwise exempt from State and local taxes but is required to make payments in lieu of taxes, where such payments are less than the amount of the taxes from which it is so exempt.

United States · United States Congress · 15 December 1975

Stipulates that a State or local government may levy a tax with respect to a federally assisted housing project which under Federal law is otherwise exempt from State and local taxes but is required to make payments in lieu of taxes, where such payments are less than the amount of the taxes from which it is so exempt. Defines "federally assisted" for purposes of this Act.

Resolution to provide additional copies of housing report.

United States · United States Congress · 15 December 1975

Provides that there shall be reprinted for the use of the Committee on Government Operations 2,500 copies of the report entitled "Housing for the Elderly: The Federal Response".

Housing Amendments

United States · United States Congress · 10 December 1975

Housing Amendments - Extends, under the National Housing Act, from four years to four years and seven months, the period during which homeowners may apply for assistance in cases of structural defects in mortgaged homes.

Housing Amendments

United States · United States Congress · 9 December 1975

Housing Amendments - Extends, under the National Housing Act, from four years to four years and seven months, the period during which homeowners may apply for assistance in cases of structural defects in mortgaged homes.

A bill to increase mortgage limits under homeownership assistance programs administered by the Secretary of Housing and Urban Development.

United States · United States Congress · 4 December 1975

Increases mortgage limits under the National Housing Act homeownership assistance programs administered by the Secretary of Housing and Urban Development.

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit with respect to housing senior citizens in the principal residence of the taxpayer.

United States · United States Congress · 19 November 1975

Provides a tax credit under the Internal Revenue Code of $250 per individual who is at least 61 years of age housed in the principal residence of the taxpayer during the taxable year.

A bill to amend subsection 167 (k) of the Internal Revenue Code to promote the rehabilitation of housing for families of low income.

United States · United States Congress · 19 November 1975

Extends the provisions of the Internal Revenue Code to authorize a depreciation deduction for expenditures incurred to rehabilitate low-income rental housing from January 1, 1975, to January 1, 1981. Increases the aggregate amount limitation for such deduction from $15,000 to $20,000. Increases the amount of such expenses that must be incurred in 2 consecutive years by the taxpayer to be eligible for such deduction from $3,000 to $5,000.

A bill to increase mortgage limits under homeownership assistance programs administered by the Secretary of Housing and Urban Development.

United States · United States Congress · 17 November 1975

Increases mortgage limits under the National Housing Act homeownership assistance programs administered by the Secretary of Housing and Urban Development.

Emergency Tenants' Loan Act

United States · United States Congress · 14 November 1975

Emergency Tenants' Loan Act - Authorizes the Secretary of Housing and Urban Development to make repayable emergency rent payments on behalf of tenants who are, or will be, subject to eviction proceedings as a result of being unable to make their rental payments by reason of their unemployment or underemployment. States that such payments may not be approved unless: (1) the tenant will be unable to make his rental payments; (2) the tenant has incurred a substantial reduction in income due to adverse economic conditions; (3) there is a reasonable prospect that the tenant will be able to repay the loan made by the Secretary; and (4) the rental property is the tenant's principal place of residence. Allows rental assistance for part or all of the tenant's rent up to $250 per month for a maximum of two years. Provides for interest to be charged according to the tenant's ability to pay but not more than eight percent per annum. Requires that the payments be deferred until the tenant is able to repay the loan. Permits the Secretary to require security for the repayment of the loan, but provides that the Secretary may not refuse a loan for lack of security. Authorizes to be appropriated not more than $500,000,000 to carry out the purposes of this Act. Provides that no payments may be authorized after September 30, 1977. Provides for penalties for any person obtaining any benefits under this Act through the giving of false information. Requires the Secretary to report to the Congress every 60 days concerning delinquent repayments and actions taken to carry out the purposes of this Act.

A bill to amend section 235 of the National Housing Act with regard to the recertification of the income of individuals receiving benefits under such section.

United States · United States Congress · 6 November 1975

Provides that mortgage assistance payments under the National Housing Act shall not be decreased if the Secretary of Housing and Urban Development finds that a decrease would produce undue hardship for the mortgagor, jeopardize the ability of the mortgagor to continue payments, and create a substantial danger of foreclosure.

A bill to instruct the General Services Administration to maintain certain dwelling units owned by the Federal Government in accordance with the standards established for the maintenance of Federal buildings.

United States · United States Congress · 4 November 1975

Directs the General Services Administration to maintain dwelling units which have been foreclosed under the National Housing Act and are owned by the Federal Government in accordance with the standards established for the maintenance of Federal buildings with respect to lawn maintenance, security interior and exterior housekeeping, inspection, safety and health hazards, and winterizing.

A bill to set standards for the maintenance of dwelling units owned by the Department of Housing and Urban Development as a result of foreclosure proceedings.

United States · United States Congress · 4 November 1975

Directs the Secretary of Housing and Urban Development to maintain any dwelling unit owned by the Department, as a result of foreclosure proceedings, in accordance with standards established by the General Service Administration in caring for other Government-owned properties.

A bill to amend section 213 of the Housing and Community Development Act of 1974 to assist in implementing fair share housing allocations.

United States · United States Congress · 31 October 1975

Provides for assistance under the Housing and Community Development Act in implementing fair share housing allocation formulae and other housing plans designed to meet the needs of lower income households.

A bill to provide for the establishment in selected cities and localities of pilot homestead programs under which publicly owned structures will be made available to tenant cooperatives for use in providing low-moderate-income housing.

United States · United States Congress · 28 October 1975

States that it is the purpose of this Act to demonstrate the feasibility and effectiveness of homestead programs under which structures owned by cities and localities are turned over to tenant cooperatives for use in providing housing for such individuals and families and thereby encouraging cities and localities to establish such a program. Directs the Secretary of Housing and Urban Development to provide for the establishment of no fewer than ten pilot homestead programs. States that half of such programs shall be established in predominantly urban areas, and that half shall be established outside of standard metropolitan statistical areas. Provides for the reimbursement by means of Federal grants-in-aid to cities or localities for tax revenues lost by reason of transfer of housing structures owned by such units to qualified tenant cooperatives for use in homestead programs. Sets forth the requirements for qualification of tax abatement losses with respect to any homestead programs. Includes the establishment by the Secretary of an overall homestead neighborhood or community revitalization plan and the establishment of a local homestead board. Enumerates specific minimum standards which must be met to obtain the approval of the Secretary for an overall homestead and neighborhood or community revitalization plan. Establishes procedures for the selection of the local homestead boards. Sets forth the duties and responsibilities of such boards. States that ten percent of the funds available for loans by the Secretary to local communities for the redevelopment, rehabilitation, and conservation of blighted areas shall be available for use exclusively for loans to families participating in the homestead program.

Veterans Housing Amendments Act of 1976

United States · United States Congress · 20 October 1975

Veterans Housing Amendments Act - Extends entitlement to Veterans' Administration housing benefits to veterans whose active duty service occurred between World War II and the Korean conflict, and who meet the requirements of this Act. Increases the maximum Veterans' Administration guaranty on loans for mobile homes to 50 percent (presently 30 percent). Makes permanent the revolving fund authorized to the Administrator of Veterans' Affairs for direct housing loans. (Adds 38 U.S.C. 1807; Amends 38 U.S.C. 1811, 1819, and 1823)

A bill to strengthen the supervisory authority of the Federal banking agencies over financial institutions and their affiliates, to amend section 5146 of the Revised Statutes with respect to the qualifications of directors of national banks, to amend the Bank Housing Company Act of 1956 to provide special procedures for the acquisition of failing banks or bank holding companies and for the acquisition of banks or bank holding companies in emergencies, and to amend the Federal Deposit Insurance Act.

United States · United States Congress · 9 October 1975

Title I: Supervision of Financial Institutions - Provides statutory authority for the Federal banking agencies to deal with unsafe or unsound banking practices. Revises the provisions of law relating to the regulatory agencies removal of officers or directors of banks where management has shown a willful disregard for the condition of the safety and soundness of the bank. Prohibits insider transactions to directors as well as officers of banks and their ownership interests. Imposes civil penalties for violations of the Federal Reserve Act, cease-and-desist orders and the Bank Holding Company Act. Authorizes the Federal Reserve to require divestiture where a bank holding company or its nonbank subsidiaries pose a serious risk to the banking subsidiaries of the holding company. Title II: National Bank Directors - Revises the section of the Bank Holding Company Act which requires that a director own stock in the association with which he serves. Allows persons to serve as director if they own stock in any association which owns all of the stock of the association with which he serves. Title III: Acquisition of Failing Banks and Bank Holding Companies - Provides for prompt action on any application for acquisition or merger when such action is necessary to prevent failure of a bank. Title IV: Miscellaneous Amendments to the Federal Deposit Insurance Act - Sets forth procedures dealing with the acquisition of foreign branches. Authorizes a State non-member insured bank, under specified restrictions, to acquire and hold stock in banks organized under the law of a foreign country. Reduces from three to two the number of directors required to attest to the validity of a report of condition. Provides that appropriate Federal banking agencies may serve a notice of charges or cease and desist against any bank or official engaging or about to engage in acts detrimental to the business of the bank. (Formerly, such service could be directed only at the bank involved). Specifies events which shall be assumed to relieve an insured bank of liability for deposits.

An Act to amend the Small Business Act and Small Business Investment Act of 1958 to provide additional assistance under such Acts, to create a pollution control financing program for small business, and for other purposes.

United States · United States Congress · 8 October 1975

Small Business Export Development Act - Title I: Establishes in the Small Business Administration the Office of Export Development to be headed by an Associate Administrator for Export Development. Directs the Office to assist and counsel small business concerns which are interested in undertaking or expanding export activities by: (1) providing technical assistance and advice to assist them in carrying out export activities; (2) surveying and identifying small businesses which possess undeveloped export potential and which are interested in joining with other small businesses in United States export associations; and (3) obtaining operating and other business information in order to provide assistance and advice on identifying products which have export potential, the combination of products for efficient exportation, and the development of export markets. Transfers all authorities and functions of the Small Business Administration with respect to disaster loans under the Small Business Act for the repair, rehabilitation, or replacement of real or personal property (other than real or personal property owned by business concerns) to the Secretary of Housing and Urban Development. Authorizes the Administration to guarantee the payment of amounts due under qualified contracts for pollution control facilities to small business concerns determined to be at a financial disadvantage with respect to installing such facilities. Provides for the expansion of small business investment company leverage, guarantees, and licensing of noncorporate small business investment companies. Repeals the 50-percent limitation on bank investment in small business investment companies. Authorizes the making of loans under the Small Business Investment Act for plant acquisition. Increases loan limits for Economic Opportunity programs, local development companies, and regular business loans under the Small Business Act. Title II: National Commission On Small Business In America - Establishes the National Commission on Small Business in America to study the role of small business in the American economy and to analyze the effectiveness of Federal subsidy and assistance programs in promoting small business. Requires the Commission to report its findings within two years of enactment of this Act. Authorizes appropriations necessary to carry out the provisions of this Act.

Resolution disapproving the deferral of certain budget authority relating to rural housing for domestic farm labor grants.

United States · United States Congress · 8 October 1975

Disapproves the deferral of budget authority relating to rural housing for domestic farm labor grants as proposed by the President on October 3, 1975.

Resolution disapproving the deferral of certain budget authority relating to mutual and self-help housing grants.

United States · United States Congress · 8 October 1975

States that the Senate disapproves the deferral of budget authority relating to mutual and self-help housing grants as proposed by the President on October 3, 1975.

Co-Insurance and State Housing Finance and Development Agencies Act

United States · United States Congress · 7 October 1975

Co-Insurance and State Housing Finance and Development Agencies Act - Makes mandatory the provisions regarding the power of the Secretary of Housing and Urban Development to guarantee financial obligations pursuant to the Housing and Community Development Act of 1974 and the National Housing Act.

A bill to amend section 313 of the National Housing Act for the purpose of raising the limitation on the amount of the principal obligation of a mortgage which may be purchased under such section and for the purpose of mandating that a certain percentage of the mortgages purchased under such section be secured by residences located in certain metropolitan areas.

United States · United States Congress · 1 October 1975

Provides that at least 20 percent of the mortgages purchased under the National Housing Act must be secured by residences located in the standard metropolitan statistical areas of Atlanta, Chicago, Cleveland, Dallas, Detroit, Houston, Los Angeles, New York, San Francisco, Seattle, and the District of Columbia.

A bill to direct the Secretary of Housing and Urban Development to convey certain lands to the city of Fayetteville, Ga.

United States · United States Congress · 1 October 1975

Directs the Secretary of Housing and Urban Development to convey specifically described lands, without consideration or assessment of cost, to the city of Fayetteville, Georgia.

A bill to amend section 103 of the Housing and Community Development Act of 1974.

United States · United States Congress · 26 September 1975

Increases by approximately five percent the amount of financial assistance to be available to States and units of general local government for community development programs under the Housing and Community Development Act of 1974.

A bill making appropriations for section 103 of the Housing and Community Development Act of 1974 for the fiscal year ending June 30, 1976.

United States · United States Congress · 26 September 1975

Makes appropriations for grants to States and units of general local government to help finance community development programs under the Housing and Community Development Act of 1974 for fiscal year.

A bill to amend section 2 of the National Housing Act to increase the maximum loan amounts for the purchase of mobile homes.

United States · United States Congress · 25 September 1975

Increases the maximum loan amounts for the purchase of mobile homes from $12,500 to $20,000 under the National Housing Act.

A bill to amend section 518(b) of the National Housing Act for the purpose of providing benefits under such section to former owners of houses assisted under such section and to persons presently owning but not residing in such houses.

United States · United States Congress · 25 September 1975

Provides benefits relating to compensation for structural or other defects in a single-family dwelling covered by a mortage insured under the National Housing Act to former owners of houses assisted under such Act and to persons presently owning but not residing in such houses.

A bill to amend the Civil Rights Act of 1968 and title 5 of the National Housing Act to prevent discrimination based on marital status.

United States · United States Congress · 24 September 1975

Prohibits discrimination based on sex or marital status with respect to the sale or rental of housing under the Civil Rights Act and the National Housing Act.

A bill to amend the Internal Revenue Code of 1954 to provide that a cooperative housing corporation, condominium management association, or residential real estate management association, shall not be taxed on the assessments, fees, charges, et cetera, paid to it by its members.

United States · United States Congress · 19 September 1975

Provides that a cooperative housing corporation, condominium management association, or residential real estate management association shall not be taxed under the Internal Revenue Code on the assessments, fees, or charges, paid to it by its members. Provides that such associations shall pay according to the corporate tax rate on its taxable income.

A bill to amend section 2 of the National Housing Act to increase the maximum loan amounts for the purchase of mobile homes.

United States · United States Congress · 19 September 1975

Increases the maximum loan amounts under the National Housing Act which may be insured by the Secretary of Housing and Urban Development for the purchase of mobile homes.

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements to his residence, and to allow the owner of rental housing to amortize at an accelerated rate the cost of rehabilitating or restoring such housing.

United States · United States Congress · 18 September 1975

Allows a tax deduction up to $750 for ordinary and necessary expenses incurred by a taxpayer under the Internal Revenue Code in making repairs and improvements to his residence during the taxable year. Allows the owner of rental housing to amortize at an accelerated rate (over a 60-month period) the cost of rehabilitating or restoring such housing. Authorizes the taxpayer to switch from such accelerated amortization to the regular depreciation deduction allowable under the Internal Revenue Code for property used in a trade or business or held for the production of income.

A bill to amend section 2 of the National Housing Act to increase the maximum loan amounts for the purchase of mobile homes.

United States · United States Congress · 17 September 1975

Increases the maximum loan amounts under the National Housing Act which may be insured by the Secretary of Housing and Urban Development for the purchase of mobile homes.

Concurrent resolution disapproving the District of Columbia Rental Accommodations Act of 1975.

United States · United States Congress · 17 September 1975

Disapproves the District of Columbia Rental Accommodations Act of 1975 as passed by the District of Columbia Council on July 29, 1975, and transmitted to Congress September 8, 1975.

A bill to amend the Housing Act of 1949.

United States · United States Congress · 11 September 1975

Authorizes the Secretary of Housing and Urban Development, upon request of the local governing body, to waive local grant-in-aid for an urban renewal project funded by the Housing Act of 1949. Makes such waiver contingent upon the Secretary's determination that specified conditions are met. Requires that in lieu of the grant-in-aid the local government must commit an amount from local funds equivalent to the local grant-in-aid to a community development program area.

A bill to provide for the establishment in selected cities and localities of pilot homestead programs under which publicly owned structures will be made available to tenant cooperatives for use in providing low- and moderate-income housing.

United States · United States Congress · 10 September 1975

States that it is the purpose of this Act to demonstrate the feasibility and effectiveness of homestead programs under which structures owned by cities and localities are turned over to tenant cooperatives for use in providing housing for such individuals and families and thereby encouraging cities and localities to establish such a program. Directs the Secretary of Housing and Urban Development to provide for the establishment of no fewer than ten pilot homestead programs. States that half of such programs shall be established in predominantly urban areas, and that half shall be established outside of standard metropolitan statistical areas. Provides for the reimbursement by means of Federal grants-in-aid to cities or localities for tax revenues lost by reason of transfer of housing structures owned by such units to qualified tenant cooperatives for use in homestead programs. Sets forth the requirements for qualification of tax abatement losses with respect to any homestead programs. Includes the establishment by the Secretary of an overall homestead neighborhood or community revitalization plan and the establishment of a local homestead board. Enumerates specific minimum standards which must be met to obtain the approval of the Secretary for an overall homestead and neighborhood or community revitalization plan. Establishes procedures for the selection of the local homestead boards. Sets forth the duties and responsibilities of such boards. States that ten percent of the funds available for loans by the Secretary to local communities for the redevelopment, rehabilitation, and conservation of blighted areas shall be available for use exclusively for loans to families participating in the homestead program.

Abandonment Disaster Demonstration Relief Act

United States · United States Congress · 9 September 1975

Abandonment Disaster Demonstration Relief Act - States that it is the purpose of this Act to establish a Neighborhood Protection Corporation which will have the authority, on a demonstration basis, to enter and take possession of abandoned residential properties in order to prevent the continued deterioration and destruction of neighborhoods and communities and to hold and assemble parcels of land for the development and redevelopment of neighborhoods and communities. Establishes a corporation to be known as the Neighborhood Protection Corporation, which shall be an independent agency of the United States. Prohibits the Corporation or any of its functions, powers, or duties, from being transferred to or consolidated with any other department, agency, or establishment of the Federal Government. Requires the demonstration program to be conducted in three metropolitan housing areas. States that in the case of abandoned residential property subject to a mortgage which is insured or guaranteed by an agency of the United States, the Corporation may file in the United States district court wherein the property is located an action for forfeiture of such property to the United States, and an application for an order to seize and take possession of such property as the receiver of the court. Provides that, not later than thirty days after the issuance of an order, the court shall hold a hearing on the merits to determine whether forfeiture should be ordered. Directs the Corporation to acquire, in exchange for obligations issued by it, residential properties to which title is held by the Secretary of Housing and Urban Development or the Administrator of Veterans' Affairs at the fair market value of the property as of the date the title is passed to the Corporation. Allows the Corporation to acquire real or residential properties by condemnation for the purpose of redeveloping a community or neighborhood. Permits the Corporation to construct, erect, remodel, repair, and rehabilitate structures on residential property; or rent, lease, insure, maintain, exchange, convey, sell for cash or credit, or otherwise dispose of real or residential property, improvements or interests therein. States that the Corporation may acquire in exchange for obligations issued by it, real properties, residential properties, mortgages on residential properties, and other obligations and liens secured by residential properties. Directs the Corporation to provide, directly or by contract, counseling on household management, property management, budgeting, and related counseling services which would assist low- and moderate-income families who purchase homes from the Corporation. Provides that the Corporation, when it sells property improved by dwellings for occupancy by fewer than five families to a purchaser, may originate and service the mortgage covering such property. Requires the Board of Directors of the Corporation to determine the minimum amount of capital stock in the Corporation and to increase such capital stock from time to time in such amount as may be necessary, but not to exceed in the aggregate $35,000,000. Directs that, in its fourth annual report, the Corporation shall include its recommendations with respect to whether the demonstration authorized under this Act should be continued, expanded, or terminated.

A bill to amend the Civil Rights Act of 1968 and title 5 of the National Housing Act to prevent discrimination based on marital status.

United States · United States Congress · 8 September 1975

Prohibits discrimination based on sex or marital status with respect to the sale or rental of housing under the Civil Rights Act and the National Housing Act.

A bill to amend the Civil Rights Act of 1968 and title 5 of the National Housing Act to prevent discrimination based on marital status.

United States · United States Congress · 8 September 1975

Prohibits discrimination based on sex or marital status with respect to the sale or rental of housing under the Civil Rights Act and the National Housing Act.

A resolution providing for the consideration of H.R. 8650. A bill to assist low-income persons in insulating their homes, to facilitate State and local adoption of energy conservation standards for new buildings, and to direct the Secretary of Housing and Urban Development to undertake research and to develop energy conservation performance standards.

United States · United States Congress · 4 September 1975

Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 8650) to assist low-income persons in insulating their homes, to facilitate State and local adoption of energy conservation standards for new buildings, and to direct the Secretary of Housing and Urban Development to undertake research and to develop energy conservation performance standards. Directs that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Banking, Currency and Housing, the bill shall be read for amendment under the five-minute rule by titles instead of by sections. Provides that at the conclusion of the consideration of the bill for amendment the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.

A bill to authorize the Secretary of the Army to expedite accomplishment of urban flood control and flood plain management plans.

United States · United States Congress · 1 August 1975

Authorizes the Secretary of the Army to expedite accomplishment of urban flood control and flood plain management plans by establishing firm plans to solve flood control problems.

A bill to amend the definition of "rural area" in the Consolidated Farm and Rural Development Act and title V of the Housing Act of 1949 in order to permit towns of 25,000 or less inhabitants to be considered rural areas for purposes of those acts.

United States · United States Congress · 1 August 1975

Revises the Consolidated Farm and Rural Development Act and the Housing Act of 1949 by redefining "rural area" to permit towns of twenty-five thousand or less inhabitants to be considered rural areas for purposes of this Act.

Neighborhood Preservation and Rehabilitation Amendments

United States · United States Congress · 1 August 1975

Neighborhood Preservation and Rehabilitation Amendments - Declares it to be the finding of Congress that neighborhoods in United States cities have deteriorated due to lack of public facilities and a lack of capital resources to rehabilitate and maintain such neighborhoods States that private financing is increasingly unavailable in such neighborhoods and declares it to be the purpose of this Act to establish a neighborhood preservation and rehabilitation program. Authorizes to be appropriated specified amounts for fiscal years 1976, 1977, and 1978, for grants under the Housing and Community Development Act of 1974. States that such grants shall be for units of general local government to assist them in carrying out programs to improve basic community facilities and services in designated neighborhood preservation areas. States that an area proposed by a unit of general local government as a neighborhood preservation area must be found by the Secretary of Housing and Urban Development to have a reasonable prospect of being restored or maintained. Requires, as a second condition for receiving a grant under this Act, that an application by a unit of general local government include a three-year rehabilitation plan, and that the Secretary find this plan to be workable. Declares that, in fiscal year 1976, grants will be made to between ten and 20 cities, including at least two with populations of less than 100,000, and in fiscal years 1977 and 1978, grants will be made to between five and ten cities, of which at least one each year must be a city with a population of less than 100,000. Directs the Secretary to prepare guidelines and regulations setting forth the details of the program's administration. Authorizes the Secretary, under the Housing and Urban Development Act of 1970, to make mortgage insurance available to facilitate the refinancing of mortgages covering housing located in neighborhood preservation areas.

Veterans' Housing Expansion Act

United States · United States Congress · 1 August 1975

Veterans' Housing Expansion Act - Increases the availability of guaranteed home loan financing for veterans. Authorizes the Administrator of Veterans' Affairs, when issuing a commitment to guarantee a proposed home mortgage loan for veterans, to issue also a non-assignable commitment to purchase the completed loan. Sets forth terms and conditions for such purchase. Increases the income of the national service life insurance fund. Establishes within the Treasury of the United States a revolving fund known as the national service life insurance investment fund. Authorizes the Administration to transfer from the insurance fund to the investment fund amounts necessary to purchase loans as the consequence of commitments issued or to be issued pursuant to this Act. Directs the Administrator to guarantee the investment fund against loss of interest or principal in the event of a deficiency in the investment fund reserves for expenses and losses. Authorizes the Administrator to sell any loan purchased under the authority of this Act. Requires the Administrator to invest the funds of the investment fund in loans which will represent a broad spectrum of the veteran homebuying population in respect to age, income, and location of the properties which constitute the loan securities. Authorizes the Administrator to adopt standards, policies, and procedures and to promulgate regulations appropriate to carrying out his functions under this Act.

Home Buyer and Home Owner Protection Act

United States · United States Congress · 30 July 1975

Home Buyer and Home Owner Protection Act - States that the purpose of this Act is to strengthen the administration by the Department of Housing and Urban Development of low- and moderate-income housing programs and to eliminate abuses in such programs. Authorizes the Secretary of Housing and Urban Development to take steps to correct defects in property which is improved with a mortgage insured by the provisions of the National Housing Act. States that the Secretary may provide neighborhood counseling services in connection with the insurance of mortgages. Directs the Secretary to prescribe regulations for "fair-dealing requirements" which must be observed by persons selling real property. Establishes in the Department of Housing and Urban Development an Office of Consumer Affairs which shall be an advocate on behalf of the interests of housing consumers in proceedings within the Department. Directs the Secretary to make such expenditures as may be necessary to protect the interests of the United States in properties subject to mortgages insured under this Act and with respect to which foreclosure proceedings have been commenced. Requires the Secretary to inspect the property involved before final mortgage payment is made.

A bill to amend title 38 of the United States Code in order to permit the Administrator of Veterans' Affairs to guarantee up to 50 percent of the amount of any mobile home loan.

United States · United States Congress · 30 July 1975

A bill to extend coverage of the automobile assistance program and the specially adopted housing program to those veterans qualifying for assistance under section 351 of title 38, United States Code.

United States · United States Congress · 28 July 1975

Extends the coverage of the automobile assistance program and the specially adapted housing program to those disabled veterans whose disability is the result of an injury incurred or disease contracted or aggravated as the result of hospitalization, medical or surgical treatment, or the pursuit of a course of vocational rehabilitation. (Amends 38 U.S.C. 801;1901)

A bill to amend the U.S. Housing Act of 1937, and the National Housing Act, to provide that future social security benefit increases shall be disregarded in determining eligibility for admission to or occupancy of low-rent public housing or the rent which an individual or family must pay for such housing, and that such increases shall also be disregarded in determining eligibility for (and the amount of) other Federal housing subsidies.

United States · United States Congress · 28 July 1975

Provides that future social security benefit increases shall be disregarded in determining eligiblity for admission to or occupancy of low- rent public housing, the rent which an individual or family must pay for such housing or eligibility for mortgage insurance, assistance payments, or rent supplement payments, notwithstanding any other provision of law.

A bill to amend the Civil Rights Act of 1968 and title 5 of the National Housing Act to prevent discrimination based on marital status.

United States · United States Congress · 28 July 1975

Prohibits discrimination based on sex or marital status with respect to the sale or rental of housing under the Civil Rights Act and the National Housing Act.

A bill to amend title I of the Housing and Community Development Act of 1974 to revise the allocation formula for assistance under such title, and to provide increased authorizations to carry out programs under such title.

United States · United States Congress · 25 July 1975

Revises the Housing and Community Development Act: (1) to provide that 70 percent of the amount appropriated for grants to help finance Community Development Programs be allocated to metropolitan areas; (2) to provide that 30 percent of the amount appropriated for such grants be allocated to units of local government and areas of States outside of metropolitan areas; (3) to set aside a portion of such grants for use by Indian tribes; and (4) to increase from $8,400,000,000 to $8,825,000,000 the amount of obligations which the Secretary of Housing and Urban Development is authorized to incur in the form of grant agreements.