A bill to provide for the transmission to the Congress, by the Secretary of Housing and Urban Development, of a report on the housing neighborhood area strategy program.

Requires the Secretary of Housing and Urban Development to transmit to Congress a report on the program under which lower income housing assistance is provided to local governments of areas where physical development and public service activities, assisted by housing and community block grant funds, are conducted. Requires that such report include information on: (1) the number and status of dwelling units of a participating government that have been reserved by the Secretary for assistance; (2) the number of units required to complete each program; (3) the amount of funds pledged and spent by each participating local government for public improvement and services; and (4) the number of local programs completed by each participating local government.