HEARING BEFORE THE COMMITTEE ON BANKING AND CURRENCY EIGHTY-THIRD CONGRESS SECOND SESSION ON H. R. 7839 A BILL TO AID IN THE PROVISION AND IMPROVEMENT URBAN COMMUNITIES 44022 MARCH 2, 3, 4, 5, 8, 9, 10, 12, 15, 16, 17, AND 18, 1954 Printed for the use of the Committee on Banking and Currency UNITED STATES WASHINGTON: 1954 73 367ST XL2 09/92 53-005-00 CONTENTS Page H. R. 7839, a bill to aid in the provision and improvement of housing, the elimination and prevention of slums, and the conservation and develop- Baughman, Stanley, president, Federal National Mortgage Associa- Bean, Lee C., chairman, legislative committee, Wherry Housing Benjamin, Alvin, attorney, David Shaw & Co., Brooklyn, N. Y.. Bialac, Jerry, vice president, Rental Development Corporation of 884 Burns, Fritz B., Los Angeles, Calif., chairman, Build America Better Council, National Association of Real Estate Boards... Campbell, Wallace J., director, Washington office, Cooperative League of the United States of America.. Clarke, William A., president, Mortgage Bankers Association of Colborn, Fern M., secretary, social education and action, National Colton, Herbert, National Association of Home Builders... 814 Cole, Hon. Albert M., Housing and Home Finance Administrator___ Dickerman, John, National Association of Home Builders.. Ditchy, Clair W., president, the American Institute of Architects, Edelman, John W., Washington representative, Textile Workers 285, 296 Ehlers, Joseph H., field representative, American Society of Civil Fernós-Isern, Hon. A., Resident Commissioner of Puerto Rico.. Ferry, John M., special assistant for installations to the Secretary of Fischer, Ben, housing director, Congress of Industrial Organizations__ Fitzpatrick, B. T., Deputy Administrator and General Counsel, Housing and Home Finance Agency... Follin, James W., Director, Division of Slum Clearance and Urban Goldman, Arthur S., building economist 73, 126 701 797 Hazeltine, John C., Commissioner of Community Facilities, Housing Held, Harry, vice president, Bowery Savings Bank, New York City, representing the National Association of Mutual Savings Banks.... Hollander, Edward B., representing Americans for Democratic Action Hollyday, Guy T. O., Commissioner, Federal Housing Administration Houser, Mrs. Jency Price, national organizer, Residence at Ease Asso- Hughes, R. G., president, National Association of Home Builders, King, T. B., Acting Assistant Deputy Administrator (Loan Guar- anty) Department of Veterans' Benefits, Veterans' Administration Lantaff, Hon. William C., a Representative in Congress from the 846 McAllister, Walter W., Chairman, Home Loan Bank Board.. 145 253 McCormick, Pat, general counsel, Trailer Coach Association.. 783 McLeaish, Hon. R. B., Administrator, Farmers Home Administra- 855 Mitchell, John W. 253 Mobile Homes Manufacturers Association, Chicago, Il 824 Moore, John H., executive director, United Community Defense 886 Murray, William E., representing Florida Sun Deck Homes Co., 871 Neal, Sam, general counsel, Mortgage Bankers Association of America Northup, H. R., executive vice president, National Retail Lumber O'Malley, James J., president, First Federal Savings & Loan Asso- 450 Rafsky, William L., housing coordinator, city of Philadelphia, Pa. Raider, David L., attorney, New York City.. 305 Reilly, John A., representing the American Bankers Association. 379 554 Robbins, Paul H., executive director, National Society of Professional 818 Rouse, James W., Baltimore, Md., on behalf of Mortgage Bankers 422 Searles, John, chairman, Redevelopment Section, District of Columbia 317 Shanks, Carrol M., president, Prudential Insurance Company of Shaw, E. R., representing the Trailer Coach Association, Los Angeles, 465 Shishkin, Boris, secretary of the housing committee, American Federa- 267 Slusser, Charles E., Public Housing Commissioner. 145 Smith, Henry C., Deputy Administrator, Farmers' Home Adminis- tration 855 Statement of-Continued Trump, Fred, president, Redevelopment Builders of New York. Page 819 465 Waltemade, Henry G., chairman, realtors' Washington committee, 715 Watts, Hon. John C., a Representative in Congress from the State of 847 Wellman, Charles A., executive vice president, Glendale Federal Whiteman, Lewis, executive director, Associated Builders of Greater 652 304, 315 Winston, Oliver C., president, National Association of Housing and Additional data submitted to the committee: A Preliminary Estimate of Housing Needs, 1955-70-By Dr. William Average Federal subsidy for public housing, submitted by AFL.. Characteristics of residents of public housing for low-income families Comparative Costs of a Standard House, article from Insured Mort- gage Portfolio, 1953, by Curt C. Mack, FHA Assistant Commis- 317 556 Cost of interest charges under proposed section 221 program, sub- 275 "Easy Money" Comes Back-Dollars Abundant, but Borrowing 684 Elapsed time in processing loan applications, statement from Veterans' 113, 232 Farm housing program data, from inception of program through 60 Higley, H. V., Administrator, Veterans' Administration, letter of 219 Housing units (nonfarm), under $7,000. 105 Hughes, Rowland, Deputy Director, Bureau of the Budget, letter of 34 Incomes of families already residents of public housing, calendar year 153 Life Insurance Association of America, letter of March 18, 1954, to 493 Recommendations made by the President's Advisory Committee |