A bill to require that funds be made available for replacement housing in connection with certain highway programs.

States that in any case in which a dwelling unit is condemned or otherwise acquired in connection with the construction of a Federal-aid highway, the Secretary of the Treasury shall pay out of the Highway Trust Fund an amount equal to the average construction cost of a three-bedroom public housing unit, to the Secretary of Housing and Urban Development. Provides that such amounts shall be made available for the purpose of any program administered by the Secretary of HUD which provides housing for low-and moderate-income persons.