Housing Act of 1958: Hearings Before the Subcommittee on Housing of the Committee on Banking and Currency, United States Senate, Eighty-fifth Congress, Second Session ... May 12-22, 1958U.S. Government Printing Office, 1958 - 843 pages |
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85th Congress additional Administrator agency amended amount approved assistance authority Banking and Currency believe bill blight Board builder building capital grant Chairman COLE Commissioner committee print Congress construction contract Corporation cost D. C. DEAR economic eligible facilities families Federal Government Federal Home Loan Federal Housing Administration FNMA funds guaranteed Home Finance Home Loan Bank housing program income increase industry institutions interest rate investment John Sparkman legislation limit loan associations low-rent housing maximum Mayor ment million mortgage insurance mortgage loan municipality National Housing Act operations payments percent present problem proposed public housing purchase recommend redevelopment relocation renewal plan rental housing savings and loan section 221 Senator BUSH Senator CAPEHART Senator CLARK Senator DOUGLAS Senator SPARKMAN slum SLUSSER statement subcommittee subsection tion United States Senate units urban renewal program urban renewal projects
Popular passages
Page 360 - ... of a property, urban, suburban, or rural upon which there is located a dwelling designed principally for a single-family residence, the construction of which is begun after July 1, 1949, and which is approved for mortgage insurance prior to the beginning of construction...
Page 8 - Secretary may prescribe, to make commitments for the insuring of such mortgages prior to the date of their execution or disbursement thereon...
Page 36 - When it appears in the public interest that land to be acquired as part of an urban renewal project should be used in whole or in part as a site for a low-rent housing project assisted under the United States Housing Act of 1937...
Page 522 - ... redevelopment plan") which provides an outline for the development or redevelopment of said area and is sufficiently complete (1) to indicate its relationship to definite local objectives as to appropriate land uses and improved traffic, public transportation, public utilities, recreational and community facilities and other public improvements...
Page 31 - To be eligible for insurance under this section a mortgage shall meet the following conditions: "(1) The mortgaged property shall be held by a mortgagor approved by the Commissioner. The Commissioner may, in his discretion, require such mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation.
Page 409 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation ; (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, ;or by any State, county, municipality, or local taxing authority...
Page 3 - All notes, bonds, debentures, or other such obligations issued by the Corporation shall be exempt, both as to principal and interest, from all taxation...
Page 92 - ... provide supplementary assistance to the secondary market for home mortgages by providing a degree of liquidity for mortgage investments, thereby improving the distribution of investment capital available for home mortgage financing...
Page 10 - ... 90 per centum of the amount which the Commissioner estimates will be the replacement cost of the property or project when the proposed improvements are completed (the...
Page 2 - To make contracts; (4) To sue and be sued, complain, and defend in any court of law or equity...