A joint resolution to express the disapproval of the Congress with respect to the proposed rescissions of budget authority for the community development block grant program and the urban development action grant program.

Expresses the sense of the Congress that the proposed rescissions of budget authority for the Department of Housing and Urban Development for the community development block grant program (R87-46) and for the urban development action grant program (R87-47) should not be approved.

Requires that funds withheld under these proposed rescission requests be made available for obligation.

Directs the Secretary of Housing and Urban Development to resume the funding allocation and application processing appropriate to the respective grant programs.