Housing and Community Development Act

[AI summary unavailable — showing source text] Housing and Community Development Act - States that funds under this Act may be used for: (1) activities undertaken in the preparation of the initial and any subsequent application pursuant to this Act; (2) the acquisition of real property determined to be in need of redevelopment, preservation, rehabilitation or required for other public purposes; (3) the clearance or removal of buildings; (4) the rehabilitation or improvement of buildings, whether publicly or privately owned, including buildings that house families of low-or moderate-income; (5) the development of public works facilities, including water and sewer facilities, neighborhood facilities, utilities, streets, lights and the like; (6) the elimination of building code violations; (7) relocation payments or assistance; immediate or deferred payments or loans to low-and moderate-income homeowners; rent certificates, immediate or deferred, to members of low-or moderate-income households; and (8) assistance to lenders in support of improvement activities relating to the housing conditions of low-or moderate-income people. Sets forth requirements for grant applications. Authorizes $23,833,000,000 which shall remain available …