Housing Authorization Act of 1976

[AI summary unavailable — showing source text] Housing Amendments - Extends the authorization for contracts for annual contributions under the United States Housing Act of 1937. Authorizes an additional $212,300,000 to be appropriated in public housing contract authority on July 1, 1975, and an additional $696,000,000 on October 1, 1976. Requires that at least $465,000,000 of the new public housing contract authority will be made available to finance the construction of new public housing units and that at least $200,000,000 will be for ownership by public housing agencies. Authorizes appropriations for public housing contract authority and for operating subsidies for conventional public housing. Amends the National Housing Act to extend assistance for multifamily mortgages and for the supplemental loan program. Extends the coverage of the coinsurance program. Extends the experimental financing of housing programs until September, 1977. Amends such Act to provide assistance payments for housing projects in default. Authorizes appropriations for such purposes. Amends the National Housing Act to authorize expenditures by the Secretary of Housing and Urban Development for repair of major structural defects which seriously affect u…