Housing Assurance Act

[AI summary unavailable — showing source text] Housing Assurance Act - Housing the Homeless Act of 1986 - Title I: Prevention of Homelessness - Subtitle A: Prevention of Evictions and Foreclosures - Sets forth conditions which must be met before evicting a tenant from any federally assisted rental housing project. Directs the Secretary of Housing and Urban Development to: (1) provide grants for emergency rent relief payments to landlords on behalf of tenants facing eviction; and (2) provide mortgage foreclosure assistance. Authorizes FY 1987 appropriations. Establishes in the Treasury the Homeowners Relief Fund. Authorizes FY 1987 appropriations. Subtitle B: Preservation of Low-Income Housing - Provides for the preservation of single room occupancy buildings under the following programs: (1) community development block grants; (2) urban development action grants; (3) the existing housing program; and (4) the moderate rehabilitation program. Authorizes FY 1987 appropriations for rural housing. Subtitle C: Prevention of Homelessness of Disabled and Instutionalized Persons - Provides for the eligibility of mentally ill persons for federally assisted housing. Title II: Increased Low-Income Housing - Increases funding for existing h…