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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
9/30/1980--Introduced. Amends the National Housing Act to extend specified Federal Housing Administration mortgage insurance programs for 15 days. Extends for 15 days the period during which amounts in the rental housing assistance fund may be approved for use in the troubled projects program. Extends for 15 days the authority to provide flexible interest rates on mortgages insured by the Federal Housing Administration. Extends for 15 days the authority for the purchase of mortgages under the Emergency Home Purchase Assistance Act of 1974. Amends the Housing Act of 1964 to extend the rehabilitation loan program for 15 days. Extends for 15 days the authority for rural housing programs under the Housing Act of 1949.