United States Housing Act

[AI summary unavailable — showing source text] United States Housing Act - States that it is the policy of the United States to promote the general welfare of the Nation by employing its funds and credit, as provided in this Act, to assist the several States and their political subdivisions to remedy the unsafe and unsanitary housing conditions and the acute shortage of decent, safe and sanitary dwellings for families of low income and, consistent with the objectives of this Act, to vest in local public housing agencies the maximum amount of responsibility in the administration of their housing programs. Provides that no person should be barred from serving on the board of directors or similar governing body of a local public housing agency because of his tenancy in a low-income housing project. Permits the Secretary of Housing and Urban Development to make loans or commitments to make loans to public housing agencies to help finance or refinance the development, acquisition, or operation of low-income housing projects by such agencies. Provides that the Secretary may issue and have outstanding at any one time notes and other obligations for purchase by the Secretary of the Treasury in an amount which will not, unless authorize…