To amend the US Housing Act of 1937 to provide for grants to local public housing agencies to assist in financing security arrangements designed to prevent crime and otherwise insure the safety and well-being of low-rent housing tenants.

Provides, under the United States Housing Act, for grants to local public housing agencies to assist in financing security arrangements designed to prevent crimes and otherwise insure the safety and well-being of low rent housing tenants. Authorizes to be appropriated $70,000,000 for such purpose for each fiscal year ending after June 30, 1972.