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order that it may be developed or redeveloped for the purposes specified in the redevelopment plan.

Control of land use.-To assure that land will be used in accordance with the redevelopment plan, housing authorities, upon its sale or lease, shall obligate purchasers or lessees (1) to use the land for the purpose designated in the redevelopment plan; (2) to begin redevelopment within a time fixed by the authori ties as reasonable; and (3) to comply with such other conditions as are necessary to carry out the purposes of the redevelopment statutes. Any such obligations shall be covenants and conditions running with the land where the authorities so stipulate.

Cooperation by State public bodies.-State public bodies shall have the same rights and powers to cooperate with and assist housing authorities with respect to redevelopment projects that they have pursuant to State housing cooperation laws for the purpose of assisting in the development or administration of slum clearance and housing projects.

Federal financial assistance.-Housing authorities may borrow money or accept contributions from the Federal Government to assist in undertaking redevelopment projects, and may do any and all things necessary or desirable to secure such financial aid, including obligating themselves to convey to the Federal Government the project upon the occurrance of a substantial default under any contract for annual contributions.

Investments.-Bonds or other obligations issued by housing authorities in connection with redevelopment projects shall be legal investments to the same extent and for the same persons, institutions, associations, corporations, and other bodies and officers as bonds issued pursuant to the State housing laws in connection with the development of slum clearance or housing projects.

The pattern of the statutes of these States varies to the extent that while the Arkansas statute is silent:

Taxation. The statutes of Florida and Tennessee provide that any property leased to private individuals or corporations shall have the same tax status as if it were privately owned.

Advisory boards.-The statutes of Florida and Tennessee provide that for the purpose of coordinating redevelopment activities and undertakings with the needs and undertakings of other local organizations and groups, housing authorities may establish advisory boards to represent the general public and consumers of housing; general business interests; real-estate, building, and home interests; labor; official planning body; church and welfare groups; or any part or combination of these groups.

Under the Florida statute, housing authorities are authorized to perform redevelopment functions only in municipalities having a population of not less than 60,000.

EXECUTIVE Order No. 9070

CONSOLIDATING THE HOUSING AGENCIES AND FUNCTIONS OF THE GOVERNMENT INTO THE NATIONAL HOUSING AGENCY

By virtue of the authority vested in me by Title I of the First War Powers Act, 1941, approved December 18, 1941 (Public Law 354, 77th Congress), and as President of the United States, it is hereby ordered as follows.

1. The following agencies, functions, duties, and powers are consolidated into a National Housing Agency and shall be administered as hereinafter provided under the direction and supervision of a National Housing Administrator.

(a) The Federal Housing Administration and its functions, powers, and duties, including those of the Administrator thereof.

(b) All functions, powers, and duties of the Federal Home Loan Bank Board and of its members.

(c) The Home Owners' Loan Corporation and the functions, powers, and

duties of its Board of Directors.

(d) The Federal Savings and Loan Insurance Corporation and the functions, powers, and duties of its Board of Trustees.

(e) The United States Housing Authority and its functions, powers, and duties, including those of the Administrator thereof.

(f) All functions, powers, and duties relating to defense housing of (1) the Federal Works Administrator under the act of October 14, 1940, entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes," as amended, and under acts making appro priations to carry out the purposes of said act, (2) the War Department and the Navy Department with respect to housing units for persons (with families) engaged in national defense activities (except housing units located on

military or naval reservations, posts, or bases) under Title IV of the Naval Appropriation Act for the fiscal year 1941, and (3) any agencies heretofore designated (including the Federal Works Agency and the Farm Security Administration) to provide temporary shelter in defense areas under the Urgent Deficiency Appropriation Act, 1941, and the Additional Urgent Deficiency Appropriation Act, 1941, and the Third Supplemental National Defense Appropriation Act, 1942.

(g) All functions, powers, and duties of the Farm Security Administration relating to such housing projects as such Administration determines are for families not deriving their principal income from operating or working upon a farm.

(h) The Defense Homes Corporation and its functions, powers, and duties, including those of its officers and Board of Directors.

(i) All functions, powers, and duties of the Federal Loan Administrator, the Federal Works Administrator, and the head of any department or other agency relating to the administration or supervision of the agencies, functions, powers, and duties transferred hereunder.

(j) All functions, powers, and duties of the Division of Defense Housing Coordination established by Executive Order No. 8632 of January 11, 1941, and of the Coordinator of Defense Housing: Provided, That such Division and such Coordinator shall continue to exercise such functions, powers, and duties until the appointment or designation of the National Housing Administrator.

(k) All powers, rights, privileges, duties, and functions transferred to the Federal Works Administrator by Executive Order No. 8186 of June 29, 1939: Provided, That with respect to any functions, powers, and duties enumerated in subparagraphs (f) and (g) above, any agency now engaged in the construction or management of any project shall continue such activities on behalf of the National Housing Agency until such time as the National Housing Administrator shall determine that it is expedient for the Federal Public Housing Authority, herein provided for, to discharge such functions, powers, and duties with respect to such project through its own facilities.

2. The National Housing Administrator shall be appointed by the President, by and with the advice and consent of the Senate, and shall receive a salary of $12,000 a year unless the Congress shall otherwise provide. Pending such appointment, an existing officer of the Government designated by the President shall act as National Housing Administrator.

3. There shall be three main constituent units in the National Housing Agency. Each such unit shall be administered by a commissioner acting under the direction and supervision of the National Housing Administrator. The unit administering the Federal Housing Administration and its functions, powers, and duties shall be known as the Federal Housing Administration, and the Federal Housing Administrator shall serve as Federal Housing Commissioner. The unit administering the functions, powers, and duties of the Federal Home Loan Bank Board and its members shall be known as the Federal Home Loan Bank Administration and the Chairman of the Federal Home Loan Bank Board shall serve as Federal Home Loan Bank Commissioner. The United States Housing Authority and its functions, powers, and duties shall be administered as the Federal Public Housing Authority, one of the main constituent units, and the Administrator of the United States Housing Authority shall serve as Federal Public Housing Commissioner. The agencies, functions, powers, and duties enumerated in subparagraphs (c), (d), and (k) of paragraph I shall be administered in the Federal Home Loan Bank Administration, and those enumerated in subparagraphs (f) and (g) shall be administered in the Federal Public Housing Authority. The agency, functions, powers, and duties enumerated in subparagraph (h) of paragraph 1 shall also be administered by the Federal Public Housing Commissioner. The Administrator of the National Housing Agency may centralize in the office of the National Housing Administrator such budget, personnel, legal, procurement, research, planning, or other administrative services or functions common to the said constituent units as he may determine.

4. The capital stock of the Defense Homes Corporation shall be transferred from the Federal Loan Administrator to the National Housing Administrator, and the Federal Loan Administrator and the Defense Homes Corporation shall take all necessary action to effectuate such transfer and carry out the purposes hereof.

5. The Central Housing Committee is hereby abolished, and all of its assets, contracts, property (including office equipment and records), and unexpended balances of funds available for its use are hereby transferred to the National Housing Agency.

6. All assets, contracts, and property (including office equipment and records) of any agency hereby consolidated, and all assets, contracts, and property (including office equipment and records) which other agencies, including departments, have been using primarily in the administration of any function, power, or duty hereby consolidated or transferred, are hereby transferred, respectively, with such agency, function, power, or duty.

7. Except as provided in paragraph 8, hereof, (1) all personnel of any agency hereby consolidated, and (2) all personnel of other agencies, including departments, who have been engaged primarily in the administration of any function, power, or duty hereby consolidated or transferred and who within thirty days after the appointment or designation of the National Housing Administrator are jointly certified for transfer by said Administrator and the head of the department or agency to which such personnel is attached, shall be transferred, respectively, with such agency, functions, power or duty; but any personnel transferred with functions, powers, or duties pursuant to this paragraph who are found by the National Housing Administrator to be in excess of the personnel necessary for the administration of such functions, powers, and duties shall be retransferred under existing law to other positions in the Government or separated from the service. 8. The following personnel are not transferred hereunder: (1) The Directors and Officers of the Defense Homes Corporation, (2) the members of the Federal Home Loan Bank Board other than the Chairman, (3) the Directors of the Home Owners' Loan Corporation, and (4) the Trustees of the Federal Savings and Loan Insurance Corporation. The offices of the foregoing personnel excepted from transfer by this paragraph (except in the case of the Defense Homes Corporation) are hereby vacated for the duration of this order: Provided, That the offices of the members of the Federal Home Loan Bank Board shall not be vacated until sixty days from the date of this order. The personnel of the Division of Defense Housing Coordination and of the Central Housing Committee are not transferred hereunder, except that the National Housing Administrator, within 60 days after his appointment or designation, may take over such of this personnel as are needed. During such period, all personnel of such Division and of such Committee may be retained by them in connection with the winding up of their affairs.

9. So much of the unexpended balances of appropriations, authorizations, allocations, or other funds (not otherwise transferred hereunder) available for the use of any agency to the exercise of any function, power, or duty consolidated by this order, or for the use of the head of any department or agency in the exercise of any such function, power, or duty, as the Director of the Bureau of the Budget shall determine (with the approval of the President), shall be transferred, respectively, to the National Housing Agency or the main constituent unit therein concerned, for its use in connection with the exercise of the functions, powers, or duties, respectively, to be administered by it hereunder. In determining the amount to be transferred, the Director of the Bureau of the Budget may include an amount to provide for the liquidation of obligations incurred against suct appropriations, authorizations, allocations, or other funds prior to transfer.

10. All housing now owned by the United States and located on a military or naval reservation, post, or base is hereby transferred to the jurisdiction of the War or Navy Department, respectively, having jurisdiction of such reservation post, or base: Provided, That with respect to all housing developed by the War or Navy Department under Title II of Public, 671, approved June 28, 1940, the Federal Public Housing Authority shall take all necessary steps to transfer such jurisdiction and carry out the purpose hereof, including the transfer of title to the United States and including repayment (out of any funds available therefor) of the cost of such housing for reimbursement of the Bond Account from which funds were transferred to pay such costs.

11. The Director of the Bureau of the Budget shall allocate to the Nationa Housing Agency, from appropriations, authorizations, allocations, or other funds available for the administrative expenses of the Federal Loan Agency and the Federal Works Agency (relating to the administration of the agencies and funetions transferred there from hereunder) and of the agencies and functions, powers and duties consolidated hereunder, such sums, and in such proportions, es he may find necessary for the administrative expenses of the National Housing Agency None of the agencies established or consolidated hereunder shall incur any obligations for administrative expenses except pursuant to appropriations, allocations, or other authorizations of funds specifically available now or hereafter for adminis trative expenses.

12. The National Housing Administrator may appoint necessary personnel and make necessary expenditures to carry out the functions, powers, and duties of the

National Housing Agency. The Administrator and the Commissioners hereunder may delegate their respective functions, powers, and duties to such agencies, officials, or personnel as they may designate, respectively. Until the appointment or designation of a National Housing Administrator, the Commissioners respectively shall exercise such of the functions, powers, and duties of the National Housing Administrator as relate to the agencies, functions, powers, and duties to be administered by such Commissioners, respectively.

13. Nothing herein shall impair or affect any outstanding obligations or contracts of any agency consolidated hereunder or of the United States of America (including its pledge of faith to the payment of all annual contributions now or hereafter contracted for pursuant to the United States Housing Act, as amended), or of any insurance funds created under the National Housing Act.

14. All orders, rules, regulations, permits, or other privileges made, issued or granted by or in respect of any agency, function, power, or duty consolidated hereunder shall continue in effect to the same extent as if such consolidation had not occurred until modified, superseded, or repealed, except that the regulations of January 11, 1941, relating to defense housing coordination shall hereby be revoked upon the appointment or designation of the National Housing Administrator.

15. All unexpended balances of appropriations, authorizations, allocations, or other funds transferred under this order shall be used only for the respective purposes and in the administration of the respective functions for which such funds were made available.

16. Transfers of avilable funds under this order shall include funds available for the fiscal year ending June 30, 1943.

17. This order shall become effective as of the date hereof and shall be in force and effect so long as Title I of the First War Powers Act, 1941, remains in force. FRANKLIN D. ROOSEVELT.

THE WHITE HOUSE, February 24, 1942.

TABLE XIV-D.-NHA's role in home financing (1- to 4-family nonfarm residential

properties)

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1 Does not include title I, class 3, mortgages. Represents necessary additional advances to existing borrowers, and mortgages taken back on repossessed properties sold.

Loans made by Federal home loan bank members insured by FHA.

Sources: Federal Housing Administration and Federal Home Loan Bank Administration. Data on Federal home loan bank members relate to savings and loan association membership.

National Housing Agency, Office of the Administrator, Housing Finance Division. Dec. 30, 1944.

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The National Housing Agency-A descriptive analysis of the basic permanent housing functions being administered by iis 8 constituent units under the general direction and supervision of its Administrator 1

Federal Home Loan Bank Administration (administers functions formerly in Federal Home Loan Bank Board (FHLBB); Home Owners' Loan Corporation (HOLC); and Federal Savings and Loan Insurance Corporation (FSLIC))

Federal Housing Administration

Basic enabling legislation.... Federal Home Loan Bank Act (1932) (FHLBB) National Housing Act (1934) (titles I, II, and

Basic purposes.

(FHLBanks);

Home Owners' Loan Act of 1933 (HOLC) (Federal
savings and loan associations);

Title IV, National Housing Act (1934) (FSLIC).
To strengthen home-financing industry; assist in es-
tablishment on permanent basis of sound Nation-
wide home-financing structure; improve mortgage
lending practices and operations; and place thrift
and home ownership on broader and more secure
basis.

III).

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To assist local communities to eliminate slum conditions and remedy acute shortage of decent, safe, and sanitary dwellings for low-income families not served by private enterprise; and to help alleviate recurring unemployment.

LEGAL AND FINANCIAL PLAN

Local agencies and institutions eligible for participation and assistance: (a) Types of local agencies and institutions eligible.

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