S.2676 - National Homestead Assistance Act93rd Congress (1973-1974)
|Sponsor:||Sen. Biden, Joseph R., Jr. [D-DE] (Introduced 11/09/1973)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 11/09/1973 Referred to Senate Committee on Banking, Housing and Urban Affairs. (All Actions)|
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Summary: S.2676 — 93rd Congress (1973-1974)All Information (Except Text)
Introduced in Senate (11/09/1973)
National Homestead Assistance Act - Directs the Secretary of Housing and Urban Development to transfer without payment to a local public agency any real property: (1) which is improved by a single family dwelling; (2) to which the Secretary holds title; (3) which is not occupied; (4) which is suitable for use by such agency in an urban homestead program which meets the requirements of this Act; and (5) which is requested by such agency for use in such an urban homestead program.
Enumerates the criteria under which the Secretary may approve an urban homestead program carried out by a local public agency, including the conditional conveyance of abandoned residential property by a local housing agency to an individual or a family without any substantial consideration.
Requires the Secretary to conduct a continuing evaluation of programs carried out pursuant to this Act and, beginning with the third year, transmit an annual report to the Congress.
Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.