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United States · Bill · S

S. 411 (95th)

Neighborhood Preservation Act

referredUnited States· United States Congress· EN

Introduced

24 January 1977

Last action

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

2 September 2025

Summary

Neighborhood Preservation Act - Amends the Housing and Community Development Act of 1974 to require localities to provide as part of their housing assistance plans a plan to identify and reclaim deteriorated housing stock where feasible. Lists acceptable approaches for achieving such objective. Amends the Housing Act of 1964 to require the designation of concentrated revitalization areas in which 90 percent of rehabilitation loan funds must be allocated. Replaces the three percent interest rate on such loans with a sliding scale interest rate between three and seven percent. Limits such loans to homeowners with incomes of less than $20,000.

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Documents

1 official file

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