Homesteading Act of 1983

[AI summary unavailable — showing source text] Homesteading Act of 1983 - Amends the Housing and Community Development Act of 1974 to revise the urban homesteading program. Discontinues participation by a State or State-designated agency in such program. Authorizes the Secretary of Housing and Urban Development to: (1) donate property improved by a one-to four-family residence to a local government or a public agency designated by such government for use exclusively in a single-family homesteading program; (2) convey property suitable for a multifamily homesteading program to such government or agency for negotiated consideration; and (3) provide funds to such government or agency for the acquisition of property for use in a single-family or multifamily program. Requires that a single-family homesteading program provide for: (1) the initial conveyance of property by the government or agency without substantial consideration to a family of low or moderate income (income not exceeding 80 percent of the area median income) upon condition that the family agrees to repair all dangerous defects in the property within one year; (2) the conveyance of such property to such family without substantial consideration after such defects are …