A bill to provide for the inclusion of emergency power equipment in federally assisted multifamily housing facilities which are designed for occupancy in whole or substantial part by the elderly, and to authorize Federal loans to finance the provision of such equipment for those facilities.

[AI summary unavailable — showing source text] Requires the Secretary of Housing and Urban Development to determine that a multifamily housing facility for the elderly is equipped with an emergency generator or other emergency power equipment which is adequate to furnish electrical power for essential utilities in the event of power failure, before extending mortgage insurance, grants, loans or other assistance. Authorizes the Secretary to make loans to the owners or sponsors of multifamily housing facilities for the elderly and to insure loans made by financial institutions to the owners or sponsors of such facilities, to pay the full cost of providing such equipment. Authorizes the appropriations of such sums as may be necessary to carry out the purposes of this Act.…