A bill to provide that elderly persons residing in dwelling units receiving Federal assistance shall be provided with certain rights in the lease agreements between the elderly persons and the owners of the units.

[AI summary unavailable — showing source text] Provides that an elderly person residing in a dwelling unit receiving Federal assistance shall be entitled to terminate, without penalty, the lease or rental agreement if such person or his or her spouse dies, or incurs severe mental or physical disability during the period of such lease as long as proper notice is given to the management. Provides remedies for noncompliance with this Act which includes termination or reduction of financial assistance to the recipient of funds from a Federal housing program.…