Housing and Community Development Act of 1987

[AI summary unavailable — showing source text] Housing and Community Development Act of 1987 - Title I: Housing Assistance - Subtitle A: Programs Under United States Housing Act of 1937 - Part 1: General Provisions - Amends the United States Housing Act of 1937 to increase FY 1988 and 1989 budget authority for lower income housing programs, including public housing, Indian housing, elderly and handicapped housing, regular housing, and comprehensive improvement assistance. Provides for public housing phased-in rent increases in cases of tenant employment. Part 2: Public Housing - Amends the United States Housing Act of 1937 relating to the administration of public housing management. Authorizes grants for public housing development costs. Directs the Secretary of Housing and Urban Development (Secretary) to provide payments for operating lower income housing projects through a performance funding system that is based on a certain system and that establishes standards for operating costs and income projections. Authorizes FY 1988 and 1989 appropriations. Authorizes grants for comprehensive improvement assistance. Revises the conditions of approval for project demolition applications. Authorizes public housing comprehensive grants…