A bill to amend title I of the Housing Act of 1949 to permit a city whose population falls to below 50,000 to convert any outstanding urban renewal projects from a two-third to a three-fourth capital grant formula.

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)