A bill to authorize the Administrator of General Services to transfer certain airspace for use for housing purposes.

Authorizes the Administrator of the General Services Administration, whenever he determines that the airspace over any public building of the United States is not needed to carry out a governmental function, to transfer such airspace without consideration to any person for the construction within such airspace of low- and moderate-income housing covered by a mortgage insured under the National Housing Act which receives the benefits of the below-market interest rate provided for under such Act, or of low-rent housing assisted under the United States Housing Act of 1937.