A bill to amend the United States Housing Act of 1937 to extend the authorization for contracts for annual contributions.

[AI summary unavailable — showing source text] 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.…