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Chapter 5 - 1st Session
S. J. Res. 27

JOINT RESOLUTION

To amend section 2 (a) of the National Housing Act, as amended.

67 Stat. 4.

Resolved by the Senate and House of Representatives of the United 67 Stat. 5. States of America in Congress assembled, That the last sentence of sec-/FHA home retion 2 (a) of the National Housing Act, as amended, is hereby amended pair loans. to read as follows: "The aggregate amount of all loans, advances of 48 Stat. 1246, credit, and obligations purchased, exclusive of financing charges, with 64 Stat. 48. respect to which insurance may be heretofore or hereafter granted 1703(a). under this section and outstanding at any one time shall not exceed $1,750,000,000."

12 USC

SEC. 2. Prior to June 30, 1954, the Federal Housing Commissioner Repayment shall pay out of the capital account of the Title I Insurance Fund to to Treasthe Secretary of the Treasury the amount of $8,333,313.65 which con- ury. stitutes the Government investment in the capital account of the Title I Insurance Fund. The amount payable hereunder shall be paid in the discretion of the Commissioner either in one lump sum or in installments except that the first payment shall be made on July 1, 1953. Approved March 10, 1953.

Chapter 31 - 1st Session

H. R. 4507

AN ACT

To amend and extend the Housing and Rent Act of 1947, and for other purposes.

67 Stat. 23.

Be it enacted by the Senate and House of Representatives of the 57 Stat. 24. United States of America in Congress assembled, That this Act may Housing and be cited as the "Housing and Rent Act of 1953".

SEC. 2. Section 4 of the Housing and Rent Act of 1947, as amended, is amended

Rent Act of 1953. Veterans.

(a) by striking out "1953" in subsection (e) of said section 66 Stat. 306. and inserting in lieu thereof "1954"; and

50 USC app.

(b) by inserting after the words "veterans of World War II" 1884. wherever they appear in said section the words "and of the Korean conflict".

SEC. 3. Paragraph (5) of subsection (b) of section 204 of the 61 Stat. 198. Housing and Rent Act of 1947, as amended, is repealed.

50 USC app.

SEC. 4. Paragraph (1) of subsection (e) of section 204 of the Hous- 1894. ing and Rent Act of 1947, as amended, is amended by striking out 63 Stat. 22. "(whether or not under Federal rent control)" in the first sentence, and by striking out the second sentence.

SEC. 5. (a) Subsection (f) of section 204 of the Housing and Rent Termination. Act of 1947, as amended, is amended by adding at the end thereof 66 Stat. 306. the following new paragraph:

50 USC app.

"(5) (A) Notwithstanding any provision of paragraph (1) of 1894. this subsection

"(i) the provisions of this title shall cease to be in effect at the close of July 31, 1953, in the areas described in subparagraph (1) (B) and (C) of this subsection in which maximum rents were in effect on April 30, 1953; and

"(ii) the provisions of this title shall cease to be in effect at the close of April 30, 1954, in any area which has been or is certified under subsection (1) of this section as a critical defense housing area.

"(B) Any such area which was certified as a critical defense housing area prior to the date of enactment of the Housing and Rent Act of 1953 shall be reviewed by the President in the light of the new criteria applicable to critical defense housing areas and shall be continued under control after such review (which must be concluded by July 31, 1953), only if, after such review and prior to such date, the President determines that such area meets the requirements for certification under section 204 (1) as amended by such Act, and publishes in the Federal Register notice that such determination has been made."

(b) Paragraph (3) of subsection (f) of section 204 of the Housing Critical defense and Rent Act of 1947, as amended, is amended by striking out "(1)housing area. and inserting in lieu thereof “(5)”.

65 Stat. 145.

(c) Paragraph (4) of subsection (f) of section 204 of the Housing 50 USC app. and Rent Act of 1947, as amended, is amended by striking out “(1) 1894. or (3)” and inserting in lieu thereof “ (3) or (5)".

SEC. 6. The second sentence of subsection (1) of section 204 of the Housing and Rent Act of 1947, as amended, is amended by striking out "without exception" and inserting in lieu thereof "except housing accommodations the construction of which was completed on or after February 1, 1947, or which are additional housing accommodations created by conversion on or after February 1, 1947". The fourth sentence of such subsection is amended by striking out "subsection (e) or (j)" where it appears in the matter preceding the colon and inserting in lieu thereof “subsection (c), (e), or (j)". The last sentence of such subsection is amended to read as follows: "No area shall be

67 Stat. 24. 67 Stat. 25.

50 USC app. 1894. Protest of orders, etc.

64 Stat. 807. 50 USC app. 2107, 2108, 2166.

61 Stat. 200. 50 USC app. 1898.

Office of Rent

Liquidation.

certified as a critical defense housing area under the authority granted in this subsection unless all the following conditions exist in such area (except that clause (2) of this sentence shall not apply in any area in which is located an Atomic Energy Commission installation and the housing accommodations in such area are owned by the Federal Government; however, maximum rents under this title shall not apply to any such housing accommodations when sold by the Federal Government):

"(1) A new plant or installation of the Department of Defense or the Atomic Energy Commission has been or is being provided, or an existing plant or installation of either of such agencies has been or is being reactivated or its operation substantially expanded;

"(2) Substantial in-migration of defense workers or military personnel is required to carry out activities at such plant or installation; and

"(3) A substantial shortage of housing required for such defense workers or military personnel exists which has resulted or threatens to result in excessive rent increases and which impedes or threatens to impede activities of such plant or installation."

SEC. 7. Section 204 of the Housing and Rent Act of 1947, as amended, is amended by adding at the end thereof the following new subsection: "(r) Regulations or orders under this title shall be subject to the same proceedings for protest and review as are provided for regulations or orders relating to price controls by sections 407 and 408 of the Defense Production Act of 1950, as amended, and for such purpose such sections are hereby continued notwithstanding the provisions of section 717 of the Defense Production Act of 1950, as amended."

SEC. 8. Subsection (a) of section 208 of the Housing and Rent Act of 1947, as amended, is amended to read as follows:

"(a) The President shall administer the powers, duties, and funetions conferred upon him by this Act through such officer or agency of the Government as he may designate. In accordance with the action Stabilization. taken by him pursuant to the preceding sentence, the President shall provide for appropriate transfers of records, property, necessary personnel, and unexpended balances of appropriations, allocations, and other funds heretofore under the jurisdiction of, or available to, the Office of Rent Stabilization. Any employees of the Office of Rent Stabilization not so transferred shall, unless transferred to other positions in the Government, be separated from the service. The President shall make such provisions as he shall deem appropriate for the termination and liquidation of the affairs of the Office of Rent Stabilization, but such liquidation shall be accomplished no later than July 31, 1953. For the purpose of determining the status of employees transferred to an agency administering functions provided for in this Act, they shall be deemed to be transferred in connection with a transfer of functions."

61 Stat. 193.

50 USC app. 1881 note.

66 Stat. 307.

50 USC app.

1894a.

SEC. 9. Nothing in this Act or in the Housing and Rent Act of 1947, as amended, shall be construed to require any person to offer any housing accommodations for rent.

SEC. 10. The second sentence of section 203 of the Defense Production Act Amendments of 1952 is amended to read as follows: "Any committee so appointed shall consist, in addition to a chairman, of representatives of the Department of Defense and the Housing and Hone Finance Agency."

Approved April 30, 1953.

Chapter 32 - 1st Session
S. 1767

AN ACT

All 67 Stat. 26.

To amend and extend the provisions of the District of Columbia Emergency

Rent Act of 1951.

Be it enacted by the Senate and House of Representatives of the 66 Stat. 308. United States of America in Congress assembled, That section 1 (b) D. C. Code of the District of Columbia Emergency Rent Act of 1951, as amended, 45-1601. is hereby amended by striking "April 30, 1953" and inserting in lieu

thereof July 31, 1953".

Approved April 30, 1953.

Chapter 170

1st Session

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To amend the National Housing Act and other laws relating to housing.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may Housing Amendbe cited as the "Housing Amendments of 1953".

ments of 1953.

SEC. 2. Section 8 (b) (2) of the National Housing Act, as amended, 64 Stat. 49. is hereby amended to read as follows:

12 USC 1706c.

"(2) involve a principal obligation (including such initial service Mortgage incharges, appraisal, inspection, and other fees as the Commissioner surance. shall approve) in an amount not to exceed $5,700, and not to exceed 95 Low-cost sale per centum of the appraised value, as of the date the mortgage is housing. accepted for insurance, of a property upon which there is located a dwelling designed principally for a single-family residence, and which is approved for mortgage insurance prior to the beginning of construction: Provided, That the mortgagor shall be the owner and occupant of the property at the time of insurance and shall have paid on account of the property at least 5 per centum of the Commissioner's estimate of the cost of acquisition in cash or its equivalent, or shall be the builder constructing the dwelling, in which case the principal obligation shall not exceed 85 per centum of the appraised value of the property or $5,100: Provided further, That the Commissioner finds that the project with respect to which the mortgage is executed is an acceptable risk, giving consideration to the need for providing adequate housing for families of low and moderate income particularly in suburban and outlying areas: And provided further, That, where the mortgagor is the owner and occupant of the property and establishes (to the satisfaction of the Commissioner) that his home, which he occupied as an owner or as a tenant, was destroyed or damaged to such an extent that reconstruction is required as a result of a flood, fire, hurricane, earthquake, storm or other catastrophe, which the President, pursuant to section 2 (a) of the Act entitled 'An Act to authorize Federal assistance to States and local governments in major disasters, and for other purposes' (Public Law 875, Eighty-first Congress, approved September 30, 1950), has determined to be a major disaster, 64 Stat. 1109. such maximum dollar limitation may be increased by the Commis- 42 USC 1855a. sioner from $5,700 to $7,000, and the percentage limitation may be

increased by the Commissioner from 95 per centum to 100 per centum

of the appraised value;".

SEC. 3. Section 203 of the National Housing Act, as amended, is 48 Stat. 1248. hereby amended by adding the following new subsection at the end 12 USC 1709. thereof:

"(g) Notwithstanding any other provisions of this section, a mort- Single-family gage otherwise eligible for insurance hereunder and covering property residence. upon which there is located a dwelling designed principally for a single-family residence and which is approved for mortgage insurance prior to the beginning of construction, may have such higher ratio of loan to value and such longer maturity than otherwise provided as the President may determine to be in the public interest, taking into account the general effect of such higher ratio or longer maturity, as the case may be, upon conditions in the building industry and upon the national economy: Provided, That the principal obligation of any such mortgage shall not exceed $12,000 and the maturity thereof shall not exceed thirty years: And provided further, That with respect to any such mortgage the mortgagor shall be the owner and occupant of the property at the time of insurance and shall have paid on account of the property at least 5 per centum of the Commissioner's estimate of the cost of acquisition in cash or its equivalent."

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