A bill to amend title V of the Housing Act of 1949.

Amends the Housing Act of 1949 to extend the following housing programs until September 30, 1981: (1) low-income repair loans and grants; (2) low rent housing for domestic farm labor; (3) rural rental housing loans; (4) rural housing loans; and (5) mutual self-help housing loans and grants.

Removes the limitation on the amounts authorized to be appropriated for the low-income repair program and the mutual self-help housing program.

Authorizes the Secretary of Agriculture to provide additional assistance to persons receiving aid for rural housing under the interest credit program who are unable to afford a dwelling. Prescribes the formula for determining the amount of such additional assistance. Provides for the recapture of all or a portion of the assistance rendered upon the disposition or nonoccupancy of the property by the borrower.