Administration (in accordance with subsection (c) of this section) for the administration of the project: State Alabama Arkansas California.. 4171 Connecticut____ 6091 1072 1076 1073 3023 4031 6024 8085 Housing Authority of Sylacauga. Housing Authority of City of Talladega. Winnebago County Housing Authority. Housing Authority of Baltimore City. 18097 Housing Authority of Baltimore City. Chicopee Housing Authority. 6041 District of Columbia___ 49012 49017 Florida___. 49044 8011 Housing Authority of Town of Phillipsburg. Buffalo Municipal Housing Authority. 30032 Buffalo Municipal Housing Authority. 36152 36061 36021 36011 Allegheny County Housing Authority. 36031 Housing Authority of County of Lycoming. 36012 36015 36016 36101 36212 36295 Rhode Island.. 37013 South Carolina_ 38023 Tennessee. Texas. 38061 40022 40023 40011 40025 Housing Authority of City of Pittsburgh. 41064 Housing Authority of City of Corpus Christi. Portsmouth Redevelopment and Housing Housing Authority of County of King. "(b) Upon the conveyance by the Administrator of any such project pursuant to the provisions of this section, such project shall constitute and be deemed to be 'low-rent housing' as that term is used and defined in the United States Housing Act of 1937 (and to be a low-rent housing project assisted pursuant to that Act, within the meaning of subsection 502 (b) of the Housing Act of 1948) except that no capital grant or annual contribution shall be made by the Federal Government with respect to such project. Any instrument of conveyance by the Administrator stating that it is executed under this Act shall be conclusive evidence of compliance therewith insofar as any title or other interest in the property is concerned. "(c) The agreement between the public housing agency and the Administration required by subsection (a) of this section shall contain the following conditions and requirements, and may contain such further conditions, requirements, and provisions as the Administration determines “(1) during a period of forty years following the conveyance the project shall be administered as low-rent housing in accordance with subsections 2 (1) and 2 (2) of the United States Housing Act of 1937: Provided, That if at any time during such period the public housing agency and the Administration agree that the project, or any part thereof, is no longer suitable for use as low-rent housing, the project, or part thereof, shall with the approval of the Administration be sold by the public housing agency after which the agreement shall be deemed to have terminated with respect to such project or part thereof except that the proceeds from such sale, after payment of the reasonable expense thereof, shall be paid to the Administration; "(2) the public housing agency shall, within six months following the conveyance, initiate a program for the removal of all families residing in the project on the date of conveyance who are ineligible under the provisions of the United States Housing Act of 1937 for continued occupancy therein, and shall have required such ineligible tenants to vacate their dwellings within eighteen months after the initiation of such program; "(3) annually during the term of such agreement, the public housing agency shall pay to the Administration all income from the project remaining after deducting the amounts necessary (as determined pursuant to regulations of the Administration) for (i) the payment of reasonable and proper costs of operating, maintaining, and improving such project, (ii) the payments in lieu of taxes authorized hereunder, (iii) the establishment and maintenance of reasonable and proper reserves as approved by the Administration, and (iv) the payment of currently maturing installments of principal of and interest on any indebtedness incurred by such public housing agency with the approval of the Administration; "(4) during the term of such agreement, the project shall be exempt from all real and personal property taxes levied or imposed by the State, city, county, or other political subdivisions; "(5) for the tax year in which the conveyance is made and the next succeeding tax year annual payments in lieu of taxes may be made to the State, city, county, or other political subdivisions in amounts not in excess of the real-property taxes which would be paid to such State, city, county, or other political subdivisions if the project were not exempt from taxation; and thereafter, during the term of such agreement, payments in lieu of taxes with respect to the project may be made in annual amounts which do not exceed 10 per centum of the annual shelter rents charged in such project; "(6) in selecting tenants for such project, the public housing agency shall give such preferences as are prescribed by subsection 10 (g) of the United States Housing Act of 1937; and "(7) upon the occurrence of a substantial default in respect to the requirements and conditions to which the public housing agency is subject (as such substantial default shall be defined in such agreement), the public housing agency shall be obligated at the option of the Administration, either to convey title in any case where, in the determination of the Administration (which determination shall be final and conclusive), such conveyance of title is necessary to achieve the purposes of this title and the United States Housing Act of 1937, or to deliver possession to the Administration of the project, as then constituted, to which such agreement relates: Provided, That in the event of such conveyance of title or delivery of possession, the Administration may improve and administer such project as low-rent housing, and otherwise deal with such housing or parts thereof, subject, however, to the limitations contained in the applicable provisions of the United States Housing Act of 1937. The Administration shall be obligated to reconvey or to redeliver possession of the project, as constituted at the time of reconveyance or redelivery, to such public housing agency or to its successor (if such public housing agency or a successor exists) upon such terms as shall be prescribed in such agreement and as soon as practicable after the Administration shall be satisfied that all defaults with respect to the project have been cured, and that the project will, in order to fulfill the purposes of this title and the United States Housing Act of 1937, thereafter be operated in accordance with the terms of such agreement. Any prior conveyances and reconveyances, deliveries and redeliveries of possession, shall not exhaust the right to require a conveyance or delivery of possession of the project to the Administration pursuant to this paragraph upon the subsequent occurrence of a substantial default. "(d) At the end of each fiscal year, the total amount of payments during such year to the Administration in accordance with subsection (c) of this section shall be covered into the Treasury as miscellaneous receipts. "SEC. 607. (a) The Administrator shall, subject to the provisions of this section, dispose of permanent war housing, other than housing conveyed pursuant to section 606 of this Act, as promptly as practicable and in the public interest. "(b) Preference in the purchase of any dwelling structure designed for occupancy by not more than four families and offered for separate sale shall be granted to occupants and to veterans over other prospective purchasers for such period as the Administrator may determine and in the following order: "(1) A veteran who occupies a unit in the dwelling structure to be sold and who intends to continue to occupy such unit; "(2) A nonveteran who occupies a unit in the dwelling structure to be sold and who intends to continue to occupy such unit; "(3) A veteran who intends to occupy a unit in the dwelling structure to be sold. "Subject to the above order of preference, the Administrator may establish subordinate preferences for any such dwelling structure. As used in this section 607 (b), the term 'veteran' shall include a veteran, a serviceman, or the family of a veteran or a serviceman. "(c) In the case of any housing project required by this section to be disposed of, which is not offered for separate sale of separate dwelling structures designed for occupancy by not more than four families, such project may be sold as a whole or in such portions as the Administrator may determine. On such sales of an entire project or portions thereof consisting of more than one dwelling structure or of an individual dwelling structure designed for occupancy by more than four families, first preference shall be given for such period not less than ninety days nor more than six months from the date of the initial offering of such project or portions thereof as the Administrator may determine, to groups of veterans organized on a mutual ownership or cooperative basis (provided that any such group shall accept as a member of its organization, on the same terms, subject to the same conditions, and with the same privileges and responsibilities, required of, and extended to other members of the group, any tenant occupying a dwelling unit in such project, portion thereof, or building, at any time during such period as the Administrator shall deem appropriate, starting on the date of the announcement by the Administrator of the availability of such project, portion thereof, or building for sale). "(d) The Administrator shall provide an equitable method of selecting the purchasers to apply when preferred purchasers (or groups of preferred purchasers) in the same preference class or containing members in the same preference class compete with each other. "(e) Any housing disposed of in accordance with this section shall after such disposal be deemed to be housing accommodations the construction of which was completed after June 30, 1947, within the meaning of section 4 of the Housing and Rent Act of 1947, as amended, relating to preference or priority to veterans of World War II or their families. "(f) Sales pursuant to this section shall be upon such terms as the Administrator shall determine: Provided, That full payment to the Government for the property sold shall be required within a period not exceeding twenty-five years with interest on unpaid balances at not less than 4 per centum per annum. "SEC. 608. As used in this title, the following terms shall have the meanings ascribed to them below, unless the context clearly indicates otherwise: "(a) The term 'governing body of the municipality or county' means the governing body of the city, village, or other municipality having general govern mental authority over the area in which the housing involved is located, or, if the housing is not located in such a municipality, the term means the governing body of the county or parish in which the housing is located, or if the housing is located in the District of Columbia the term means the Board of Commissioners of said District. "(b) The term 'housing' means any housing under the jurisdiction of the Administrator (including trailers and other mobile or portable housing) constructed, acquired, or made available under this Act or Public Law 781, Seventysixth Congress, approved September 9, 1940, or Public Laws 9, 73, or 353, Seventyseventh Congress, approved, respectively, March 1, 1941, May 24, 1941, and December 17, 1941, or any other law, and includes in addition to dwellings any structures, appurtenances, and other property, real or personal, acquired for or held in connection therewith. "(c) The term 'temporary housing' means any housing (as defined in (b)) which the Administrator has determined to be 'of a temporary character' pursuant to this Act and shall also include any such housing after rights thereto have been relinquished or transferred under this title or section 505 of this Act. "(d) The terms 'veteran' and 'serviceman' mean 'veteran' and 'serviceman' as those terms are defined in the United States Housing Act of 1937. "(e) The term 'State' means any State, Territory, dependency, or possession of the United States, or the District of Columbia. "(f) The term 'going Federal rate of interest' means 'going Federal rate' as that term is defined in the United States Housing Act of 1937. "(g) The term 'United States Housing Act of 1937' means the provisions of that Act, including all amendments thereto, now or hereafter adopted, except provisions relating to the initial construction of a project or dwelling units." SEC. 202. Section 313 of the Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", October 14, 1940, as amended, is hereby amended to read as follows: approved "SEC. 313. Except as otherwise provided in this Act, the Administrator shall, as promptly as may be practicable and in the public interest, remove (by demolition or otherwise) all housing under his jurisdiction which is of a temporary character, as determined by him, and constructed under the provisions of this Act, Public Law 781, Seventy-sixth Congress, and Public Laws 9, 73, 353, Seventyseventh Congress. Such removal shall, in any event, be accomplished not later than December 31, 1951, or by such later date as may be required because of extensions of time in accordance with section 604 hereof, with the exception only of such housing as the Administrator, after consultation with local communities, finds is still urgently needed because of a particularly acute housing shortage in the area: Provided, That all such exceptions shall be reexamined annually by the Administrator and that all such exceptions and reexaminations shall be reported to the Congress. Notwithstanding any other provisions of law except provisions of law hereafter enacted expressly in limitation hereof, no Federal statute, or regulation thereunder, shall prohibit or restrict any action or proceeding to recover possession of any housing accommodations for the purpose of carrying out the provisions of this section or section 604 of this Act." SEC. 203. The Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended, is hereby amended by striking out the words "National Housing Administrator" and "National Housing Agency" wherever they appear in said Act and inserting in lieu thereof the words “Housing and Home Finance Administrator" and "Housing and Home Finance Agency", respectively. TITLE III-COOPERATIVE HOUSING PURPOSE SEC. 301. The purpose of this title is to provide a means whereby housing of sound standards of design, construction, livability, and size for adequate family life, in well-planned, integrated residential neighborhoods, can be produced and made available for families of moderate income, who cannot afford to pay the rents at which comparable dwellings in new privately financed rental housing are currently being made available in their locality, by encouraging and assisting cooperative ownership or other nonprofit housing corporations organized to provide housing, and by making financial assistance available to such corporations for housing which is of such design and construction as will promote economies, both in construction and in operation and maintenance, which will be fully reflected |