Housing Authorization Act

Summary

Housing Authorization Act - Increases the authorization of funds for the following programs administered by the Secretary of the Department of Housing and Urban Development (HUD): (1) housing assistance; (2) comprehensive planning; (3) research; and (4) flood insurance. Authorizes an increase in appropriations for HUD's administrative expenses for fiscal year 1977. Increases mortgage limitations under the National Housing Act homeownership assistance programs. Extends assistance under the Emergency Homeowners' Relief Act and the Emergency Home Purchase Assistance Act through fiscal year 1977. Reallocates community development block grant funds under the Housing and Community Development Act. Amends the Flood Disaster Protection Act of 1973 to exempt from provisions of the Act requiring flood insurance, any loan to finance a residence acquired prior to March 1, 1976, or one year following identification of the area where such building is located as a flood hazard area, whichever is later. Sets limitations on the funds available for the Rehabilitation Loan Program of the Housing Act of 1964 for fiscal year 1977. Authorizes appropriations of $500,000,000 to cover losses sustained by the General Insurance Fund under the National Housing Act. Amends the United States Housing Act of 1937 to increase construction and rehabilitation of units in connection with the Housing Assistance Payments Program. Extends the period of assistance payments for low-income housing where the dwelling unit is unoccupied, so long as a good faith effort is made to fill the unit and the unit provides decent, safe, and sanitary housing. Amends the Community Development Act of 1974 to allow the Secretary of Housing and Urban Development to extend discretionary grant funds to specified new community projects. Increases from $800,000,000 to $1,475,000,000 the amount authorized to be appropriated for long-term direct loans to nonprofit sponsors for construction of housing for the elderly and the handicapped. Amends the Housing Act of 1949 to provide that the interest rates for loans for the construction of rural housing shall be determined by the Secretary of the Treasury upon request of the Secretary of the Department of Housing and Urban Development. Amends the National Housing Act to allow the Federal Housing Administration to insure supplemental loans for hospitals. Authorizes the Secretary of Housing and Urban Development to make grants to any State, metropolitan city, or urban county which meets the requirements of a community development program as specified in the Housing and Community Development Act of 1974. Authorizes appropriations of such sums as are necessary to carry out the provisions of this Act. Sets forth allocation requirements with respect to such grants. States that in any calendar quarter, 75 percent shall be allocated to metropolitan cities and urban counties, except that the Secretary may establish such percentage as he deems appropriate in view of unemployment and related factors. Requires that employment data, determined by the Secretary of Labor, shall be utilized to establish the supplementary grant amounts which will be distributed in any calendar quarter. Stipulates that any metropolitan city or urban county which has been allocated supplementary grant assistance shall submit an application which outlines the proposed job intensive use and demonstrates that the use is consistent with the recipient's community development program.

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Documents

2 official files

• Passed House amended

  summary · EN · 26 May 1976

  Open at official source

• Introduced in House

  summary · EN · 1 April 1976

  Open at official source

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