Rural Housing Block Grant Act

[AI summary unavailable — showing source text] Rural Housing Block Grant Act - Amends the Housing Act of 1949 to authorize the Secretary of Agriculture to make block grants to any State (including the Commonwealth of Puerto Rico) for: (1) the acquisition, construction, repair, and improvement of low-income housing; (2) refinancing indebtedness incurred for such purposes; and (3) temporary housing costs. Requires the Secretary to allocate grant funds among the States electing to participate each year on the basis of the number of occupied substandard rural housing units, the number of rural households with incomes not exceeding 50 percent of a State's median income, and the rural population of each State relative to all States. Directs each State to use at least 80 percent of its grant funds to assist persons with incomes of up to 50 percent of the greater of the State or national median income, and to use the remaining funds to assist persons with incomes of up to 80 percent of the State median income. Directs the Secretary, after determining that a State has failed to comply with this Act and after providing notice and an opportunity for a hearing, to notify the State that if it fails to take corrective action within 60 days t…