A bill to amend section 518(b) of the National Housing Act for the purpose of providing benefits under such section to former owners of houses assisted under such section and to persons presently owning but not residing in such houses.

Provides benefits relating to compensation for structural or other defects in a single-family dwelling covered by a mortage insured under the National Housing Act to former owners of houses assisted under such Act and to persons presently owning but not residing in such houses.