Housing Act of 1954: Hearings Before the Committee on Banking and Currency, Part 1U.S. Government Printing Office, 1954 - 2043 pages |
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Page 26
... cost thereof , of the types described in clause ( 2 ) and clause ( 3 ) of either the second or third sentence of section 110 ( c ) ; and ( 3 ) the provision in the urban renewal area , at their cost , of public buildings or other public ...
... cost thereof , of the types described in clause ( 2 ) and clause ( 3 ) of either the second or third sentence of section 110 ( c ) ; and ( 3 ) the provision in the urban renewal area , at their cost , of public buildings or other public ...
Page 117
... cost levels ; fourth , mortgage limits are based upon appraised values of properties instead of replacement cost , as for- merly ; and fifth , veterans ' preferential mortgage limits are made available only to projects having 65 percent ...
... cost levels ; fourth , mortgage limits are based upon appraised values of properties instead of replacement cost , as for- merly ; and fifth , veterans ' preferential mortgage limits are made available only to projects having 65 percent ...
Page 118
... cost that is definitely necessary . Now , when you go over to a case of value rather than just the total cost , any unnecessary costs , I think , are not going to be included in the value . Undoubtedly , from the standpoint of the ...
... cost that is definitely necessary . Now , when you go over to a case of value rather than just the total cost , any unnecessary costs , I think , are not going to be included in the value . Undoubtedly , from the standpoint of the ...
Page 127
... costs in the typical minimum cost state . It does not cover the foreclosure costs in a great many of the States , which in some States costs can run up to five or six hundred dollars in an individual case , I believe . Senator BENNETT ...
... costs in the typical minimum cost state . It does not cover the foreclosure costs in a great many of the States , which in some States costs can run up to five or six hundred dollars in an individual case , I believe . Senator BENNETT ...
Page 128
... cost and in addition , any costs which we will not approve , and also any interest losses which they have . Senator BENNETT . If the cost runs - if $ 75 is higher than two - thirds of the cost , then the mortgagee has to pay the ...
... cost and in addition , any costs which we will not approve , and also any interest losses which they have . Senator BENNETT . If the cost runs - if $ 75 is higher than two - thirds of the cost , then the mortgagee has to pay the ...
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Common terms and phrases
agency amended amount areas assistance authority banks believe bill blight builders building capital CHAIRMAN charges COLE Commissioner committee Congress construction cost debentures downpayment dwelling units eligible exceed existing facility families Federal Housing Federal Housing Administration Federal Savings FNMA funds going Government groups guaranteed HOLLYDAY Home Finance Home Loan housing program improvements income increase industry institutions interest rates legislation lenders limited loan to value low-rent maximum ment million mobile home Mortgage Bankers Association mortgage insurance mortgage loans mortgagor National Housing Act obligations operations payment percent President problem proposed public housing purchase recommend rehabilitation rental savings and loan section 221 Senator BENNETT Senator BUSH Senator DOUGLAS Senator IVES Senator MAYBANK Senator ROBERTSON Senator SPARKMAN slum clearance statement subsection substandard tion trailer coach Treasury urban redevelopment urban renewal VA loans veterans
Popular passages
Page 21 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 578 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Page 23 - ... income shall be exempt from all taxation 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 ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 574 - mortgage" means a first mortgage on real estate, in fee simple, or on a leasehold (1) under a lease for not less than ninetynine years which is renewable; or (2) under a lease having a period of not less than fifty years to run from the date the mortgage was •executed; and the term "first mortgage...
Page 20 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 574 - USC 5), shall not be construed to apply to any contract of hazard insurance or to any purchase or contract for services or supplies on account of property obtained by the Administrator as a result of loans made under this Act if the premium therefor or the amount thereof does not exceed $1,000.
Page 136 - ... of such quality, type, and class as to meet, generally, the purchase standards imposed by private institutional mortgage investors.
Page 788 - Every conveyance of real property acknowledged or proved and certified and recorded as prescribed by law from the time it is filed with the recorder for record is constructive notice of the contents thereof to subsequent purchasers and mortgagees...
Page 19 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding...
Page 34 - An act to expedite the provision of housing in connection with national defense, and for other purposes," approved October 14, 1940, as amended, is amended by striking out "$1,200,000,000" and inserting in lieu thereof "$1,600,000,000.