Housing: Hearings ...U.S. Government Printing Office, 1947 - 647 pages Considers legislation to reorganize Federal housing agencies and programs. |
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Page 7
... percent , where ordinarily the builder can only get 80 percent mortgage . We give him , on this particular low type of house , an 85 percent mortgage in order that he may put less capital into cheaper houses ; in order that he may have ...
... percent , where ordinarily the builder can only get 80 percent mortgage . We give him , on this particular low type of house , an 85 percent mortgage in order that he may put less capital into cheaper houses ; in order that he may have ...
Page 11
... percent , and as a rule it really comes pretty close to 10 percent . A man cannot pay $ 30 a month rent very well unless he is making about $ 1,500 . That makes him pay about 25 percent of his income in rent rather than 20 , which is ...
... percent , and as a rule it really comes pretty close to 10 percent . A man cannot pay $ 30 a month rent very well unless he is making about $ 1,500 . That makes him pay about 25 percent of his income in rent rather than 20 , which is ...
Page 33
... percent . This would enable the FHA to recover its actual cost of processing in certain cases where the application ... percent loan , 30 - year maturity , and a maxi- mum 4 percent interest rate . ( Present maxima are a 90 - percent ...
... percent . This would enable the FHA to recover its actual cost of processing in certain cases where the application ... percent loan , 30 - year maturity , and a maxi- mum 4 percent interest rate . ( Present maxima are a 90 - percent ...
Page 34
... percent of unpaid principal as compared with the 2 percent required under existing statutory provisions . Section 606 This is simply a technical amendment necessary to accomplish the purposes of section 515 . TITLE VII . YIELD INSURANCE ...
... percent of unpaid principal as compared with the 2 percent required under existing statutory provisions . Section 606 This is simply a technical amendment necessary to accomplish the purposes of section 515 . TITLE VII . YIELD INSURANCE ...
Page 35
... percent of the investment outstanding for the particular year for which the premium charge is payable . It authorizes also reasonable fees ( but not in excess of one - half of 1 percent of the estimated capital investment ) for FHA ...
... percent of the investment outstanding for the particular year for which the premium charge is payable . It authorizes also reasonable fees ( but not in excess of one - half of 1 percent of the estimated capital investment ) for FHA ...
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Common terms and phrases
acceptable housing amended annual contributions areas Banking and Currency Board builders building Census CHAIRMAN CHARLES W cities Congress construction cost Currency Committee D. C. DEAR decent DECKMAN economic rent families farm Federal Government Federal Home Loan Federal Housing Administration Federal Public Housing Federal Savings financing flush toilet FPHA going Home Loan Bank Home Owners Housing Act Housing Administration housing problem housing program housing projects housing shortage income increase industry labor LAGUARDIA Lanham Act legislation living loan associations Loan Bank Administration Loan Insurance Corporation low-rent housing March 28 MAYBANK ment mortgage nonfarm operation percent present private enterprise proposed rent control rental housing ROBERTSON of Virginia rural Savings and Loan Senate Banking Senator BUCK Senator CAPEHART Senator FLANDERS Senator MCCARTHY Senator ROBERTSON Senator TAFT SHISHKIN statement subsidy tenants tion title IX United States Housing United States Senate veterans Washington
Popular passages
Page 449 - If any provision of this Act, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provisions to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 83 - 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 307 - UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, Washington, DC The committee met at 10 : 30 am, pursuant to recess on yesterday, in room 301 Senate Office Building, Senator Robert F.
Page 38 - Authority that a gap of at least 20 per centum (except in the case of a displaced family or an elderly family) has been left between the upper rental limits for admission to the proposed low-rent housing and the lowest rents at which private enterprise unaided by public subsidy is providing (through new construction and available existing structures) a substantial supply of decent, safe, and sanitary housing toward meeting the need of an adequate volume thereof...
Page 24 - The policy to be followed in attaining the national housing objective hereby established shall be: (1) private enterprise shall be encouraged to serve as large a part of the total need as it can; (2) governmental assistance shall be utilized where feasible to enable private enterprise to serve more of the total need...
Page 35 - maximum opportunity, consistent with the sound needs of the locality as a whole...
Page 83 - 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 42 - ... without charge or at such charges as the Secretary may determine, technical services such as building plans, specifications, construction supervision and inspection, and advice and information regarding farm dwellings and other buildings. The Secretary is further authorized to conduct research and technical studies...
Page 550 - Mortgage means such a first lien upon real estate and other property as is commonly given to secure advances on, or the unpaid purchase price of, real estate under the laws of the State, district or territory in which the real estate is located, together with the credit instrument or instruments, if any, secured thereby. In any instance where an operating loss loan is involved, the term shall include both the original mortgage and the instrument securing the operating loss loan. (d) Mortgagee...
Page 459 - Home Loan Bank Board and by the Federal Savings and Loan Insurance Corporation : Provided, That if the insurance of accounts is terminated in connection with such conversion, the notice and other action shall be taken as provided by law and regulations for the termination of insurance of accounts.