Housing Act of 1956: Hearings Before ... , 84-2 on H.R. 10157, May 7 ... 25, 19561956 - 666 pages |
From inside the book
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Page 17
... percent , 50 - year loans , at 31⁄2 percent interest to build housing and related facilities for elderly persons . A revolving fund of $ 250 million would be pro- vided . Assuming an average cost of $ 8,000 to $ 9,000 per unit , $ 250 ...
... percent , 50 - year loans , at 31⁄2 percent interest to build housing and related facilities for elderly persons . A revolving fund of $ 250 million would be pro- vided . Assuming an average cost of $ 8,000 to $ 9,000 per unit , $ 250 ...
Page 20
... percent of the cost , and that the cost contains an allowance for builder's profit which may vary from 5 to 10 percent of construction costs ( exclusive of land ) . Since the builder's profit is not actually an out - of - pocket cost ...
... percent of the cost , and that the cost contains an allowance for builder's profit which may vary from 5 to 10 percent of construction costs ( exclusive of land ) . Since the builder's profit is not actually an out - of - pocket cost ...
Page 21
... percent nor more than 10 percent , depending on the custom in the locality governing arms - length construction contracts with respect to projects of similar size and involving similar construction . As the subcommittee notes , the ...
... percent nor more than 10 percent , depending on the custom in the locality governing arms - length construction contracts with respect to projects of similar size and involving similar construction . As the subcommittee notes , the ...
Page 30
... percent membership , the FHA is considering amending their administrative regulations to permit some reduc- tion in this percentage . The situation which this requrement seeks to avoid , of course , is that , if a project is built and ...
... percent membership , the FHA is considering amending their administrative regulations to permit some reduc- tion in this percentage . The situation which this requrement seeks to avoid , of course , is that , if a project is built and ...
Page 31
... percent instead of the present 80 percent of value . " Even a 30 - percent equity requirement requires 50 percent more investment equity than the FHA section 207 requirement . Furthermore , the equity require- ment is only one of ...
... percent instead of the present 80 percent of value . " Even a 30 - percent equity requirement requires 50 percent more investment equity than the FHA section 207 requirement . Furthermore , the equity require- ment is only one of ...
Common terms and phrases
AFL-CIO agencies amended amortization amount approved areas Association believe BETTS bill Brent Spence BROWN builders building capital Chairman COLE college housing Commissioner committee Congress construction corporation cost discount displaced families farm Federal Housing Administration financing FNMA funds HAVERSTICK Housing Act Housing Administration housing authority housing program housing project housing units income increase interest rate investment KILBURN Lanham Act legislation LEMAY living loans low-income low-rent maximum ment military housing million mortgage insurance MULTER MUMMA National Housing National Housing Act NICHOLSON O'HARA operation payments percent permit planning present problem proposed public housing purchase question RAINS recommend redevelopment rehabilitation relocation rent rental housing ROBBINS secondary market section 220 SHISHKIN slum clearance SLUSSER statement STELLING subcommittee tenants tion title VIII urban renewal VANIK veterans Wherry WIDNALL WOLCOTT workable program
Popular passages
Page 163 - Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 6 - Commissioner with the approval of the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...
Page 6 - ... to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 7 - That any such acquisition of real property shall not deprive any State or political subdivision thereof of its civil or criminal jurisdiction in and over such property or impair the civil rights under the State or local laws of the inhabitants on such property...
Page 446 - This statement is submitted on behalf of the American Life Convention and the Life Insurance Association of America.
Page 7 - ... structures suitable for the above uses provided by rehabilitation, alteration, conversion, or improvement of existing structures which are otherwise inadequate for such uses.
Page 4 - Secretary's estimate of its acquisition cost, in cash or its equivalent; * which amount in either instance may include amounts to cover settlement costs and initial payments for taxes, hazard insurance, mortgage insurance premium, and other prepaid expenses...
Page 263 - ... presented and delivered for the purpose of influencing an official action of the Commissioner and may be relied upon as a true statement of the facts contained therein.
Page 2 - Provided further, That the Commissioner may, by regulation, increase any of the foregoing dollar amount limitations contained in this paragraph by not to exceed 45 per centum in any geographical area where he finds that cost levels so require.
Page 8 - ... the Administrator is authorized to extend financial assistance under this title for an urban renewal project in such area without regard to the requirements in section 110 hereof with respect to the predominantly residential character or predominantly residential reuse of urban renewal areas...