Housing: Hearings Before the Committee on Banking and Currency, United States Senate, Eightieth Congress, Second Session, on Perfecting Amendments to S. 866, Housing, March 31 and April 1, 1948U.S. Government Printing Office, 1948 - 216 pages |
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Page 31
... percent of the esti- mated replacement cost of the project on the basis of the costs pre- vailing at the end of 1947 in the locality for rental properties of com- parable quality . Subsections ( e ) and ( f ) These subsections have the ...
... percent of the esti- mated replacement cost of the project on the basis of the costs pre- vailing at the end of 1947 in the locality for rental properties of com- parable quality . Subsections ( e ) and ( f ) These subsections have the ...
Page 32
... percent of the first $ 6,000 of appraised value and 80 percent of such value above $ 6,000 . In line with the amend- ment proposed in subsection ( h ) , subsection ( i ) would now apply this provision to homes with an appraised value of ...
... percent of the first $ 6,000 of appraised value and 80 percent of such value above $ 6,000 . In line with the amend- ment proposed in subsection ( h ) , subsection ( i ) would now apply this provision to homes with an appraised value of ...
Page 33
... percent loan , 30 - year maturity , and a maximum 4 - percent interest rate , and authorizes insurance of 95 percent loans if this would not contribute to inflationary pressures . ( Present statutory maxima are a 90 - percent loan , 25 ...
... percent loan , 30 - year maturity , and a maximum 4 - percent interest rate , and authorizes insurance of 95 percent loans if this would not contribute to inflationary pressures . ( Present statutory maxima are a 90 - percent loan , 25 ...
Page 34
... percent of project value , and ( ii ) that it may in no event exceed the cost of the completed physical improvements . However , in defining " costs " for the purpose of determining the portion thereof that may be covered by the ...
... percent of project value , and ( ii ) that it may in no event exceed the cost of the completed physical improvements . However , in defining " costs " for the purpose of determining the portion thereof that may be covered by the ...
Page 38
... percent loan , 40 - year maturity , and a maximum interest rate of 4 percent . Also , in order to encourage and make possible home ownership for those families of lower income who could undertake such ownership only under some plan such ...
... percent loan , 40 - year maturity , and a maximum interest rate of 4 percent . Also , in order to encourage and make possible home ownership for those families of lower income who could undertake such ownership only under some plan such ...
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Common terms and phrases
additional aggregate amount annual contributions applicable appropriate approved building capital grants centum CHAIRMAN committee Congress construction Corporation debentures decent dwellings exceed families of moderate farm Federal Government Federal Home Loan Federal Housing Administration Flanders amendments FOLEY FPHA going Federal rate hereby amended Home Loan Bank Housing and Home Housing Authority housing needs housing program improvements increase inserting in lieu insurance contract interest rate investor land legislation lieu thereof Loan Bank Administration local public agency low income low-rent housing projects maximum ment mortgage insurance mortgage loans National Housing Act necessary obligations operating outstanding investment paragraph payment percent period premium charges private enterprise project area public agency public housing purchase purposes pursuant Reconstruction Finance Corporation redevelopment plan rental housing rents require respect rural section provides Senator Flanders Senator MCCARTHY Senator ROBERTSON Senator TAFT subsection TEW bill tion Treasury United States Housing urban veterans
Popular passages
Page 6 - 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 6 - Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 24 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 60 - The Congress hereby declares that the general welfare and security of the Nation and the health and living standards of its people require housing production and related community development sufficient to remedy the serious housing shortage, the elimination of substandard and other inadequate housing...
Page 18 - In the performance of, and with respect to, the functions, powers, and duties...
Page 5 - ... showing a necessity for a survival of such suit, action, or other proceeding to obtain a settlement of the questions involved, may allow the same to be maintained by or against the...
Page 66 - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
Page 16 - Treasury is authorized and directed to purchase any notes and other obligations 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, as amended, and the purposes for which securities may be issued...
Page 72 - ... 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 73 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...