A bill to amend section 8 of the United States Housing Act of 1937 to provide annual contributions to finance the rehabilitation of housing occupied by lower income homeowners in order to assist and encourage the rehabilitation of such housing in connection with neighborhood rehabilitation programs.
Homeowners Rehabilitation Assistance Act - Amends the United States Housing Act of 1937 to direct the Secretary of Housing and Urban Development to allocate $30,000,000 for contract authority for fiscal year 1979 to be used for home rehabilitation. Authorizes the Secretary to enter into contracts with local public housing agencies whereby such authorities would make payments to qualified private lenders to cover the costs of rehabilitation loans to low-income homeowners.
Introduced in Senate
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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