Summary: S.3188 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for S.3188. Bill summaries are authored by CRS.

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Introduced in Senate (03/22/1976)

Extends the authorization for contracts for annual contribution under the United States Housing Act of 1937.

Authorizes an additional $850,000,000 to be appropriated in public housing contract authority for fiscal year 1977 and an additional $1,350,000,000 in such authority for fiscal year 1978 and beyond.

Requires that at least $250,000,000 of the new public housing contract authority will be made available to finance the construction of new public housing units.

Authorizes $60,000,000 to be appropriated for modernization of existing public housing units.

Authorizes $600,000,000 per year to be appropriated for operating subsidies for conventional public housing.