Housing and Community Development Amendments

Title I: Community and Neighborhood Development and Conservation - Amends the Housing Act of 1964 to extend the rehabilitation loan program through fiscal year 1979.

Amends the Housing and Community Development Act of 1974 to extend the Urban Homesteading program through fiscal year 1980. Changes the requirements for application and eligibility for assistance under the community Development Block Grant program.

Title II: Housing Assistance Programs - Authorizes the Secretary of Housing and Urban Development to make, and contract to make, assistance payments to owners of housing projects insured under the National Housing Act and assisted under rent supplement programs on an annual basis. Permits payments to be made only if such payments are necessary to restore or maintain the economic soundness of the project and to maintain its low- to moderate-income character.

Amends the Housing Act of 1959 to set aside a specified amount of the funds appropriated for housing for the handicapped to be made available for loans for the development of rental housing and related facilities specifically designed to meet the needs of handicapped (primarily non-elderly) persons.

Amends the United States Housing Act of 1937 to authorize funds to be appropriated for annual contributions for low income housing projects through fiscal year 1979. Authorizes the Secretary to make assistance payments for the upgrading of housing which involves less than substantial rehabilitations.

Title III: Urban Extension Service - Establishes an Urban Extension Service within the Department of Housing and Urban Development to assist State and local entities and certain nongovernmental organizations in implementing the programs of such Department.

Title IV: Program Amendments and Extensions - Amends the National Housing Act to extend specified Federal Housing Administration insurance programs including the following: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low-income families; (6) coinsurance of mortgages; (7) experimental housing; (8) armed services housing; (9) group practice facilities and medical practice facilities; (10) new communities; and (11) crime and riot reinsurance.

Permits the Secretary of Housing and Urban Development to insure, on a permanent basis, mortgages and loans with provisions for varying rates of amortization through fiscal year 1979.

Extends the Emergency Home Purchase Assistance program through fiscal year 1979.

Amends the Housing Act of 1954 to authorize appropriations for comprehensive planning for urban and rural development through fiscal year 1980. Calls for triennial, instead of biennial, review of the comprehensive plans developed by recipients of assistance under such Act.

Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research by the Department of Housing and Urban Development through fiscal year 1980. Authorizes the Secretary of such Department to conduct demonstrations to determine the feasibility of expanding home ownership opportunities in urban areas including encouraging the conversion of multifamily housing properties to cooperative or condominium ownership by individuals and families.

Amends the National Flood Insurance Act of 1968 to extend the National Flood Insurance program and flood insurance studies through fiscal year 1980.

Authorizes the Secretary to bid on specified properties which are not insured under the National Housing Act at foreclosure sales.

Amends the National Housing Act to extend mortgage insurance to nonresident care facilities.

Changes the eligibility requirements for condominium mortgage insurance under the National Housing Act.

Amends the National Housing Act to authorize to be appropriated such sums as are necessary from time to time to cover the losses of the Special Risk Insurance Fund and the General Insurance Fund.

Authorizes the Secretary of Housing and Urban Development to insure loans for the acquisition of fee simple titles to residential property from lessors beyond limits established by the National Housing Act, if such property is located in Hawaii.

Amends the Department of Housing and Urban Development Act to authorize the establishment of more than one day care facility for the children of employees of such Department.

Amends the Housing and Urban Development Act of 1969 to remove certain restrictions on the purchase or lease of surplus real property for use in providing housing for low- and moderate-income families and individuals.

Amends the National Housing Act to increase: (1) the total amount of purchase authority of the Government National Mortgage Association and (2) the limits on the amounts of principal obligations of various classes of mortgages which such Association may purchase.

Revises certain disclosure requirements, exemptions, and remedies applicable to the sale of real estate in a subdivision under the Interstate Land Sales Full Disclosure Act.

Amends the Real Estate Settlement Procedures Act of 1974 to provide civil liability for lenders who violate certain disclosure requirements and to establish procedures for investigations, injunctions, and prosecution of offenses under such Act.