Housing Act of 1954: Hearing Before the Committee on Banking and CurrencyU.S. Government Printing Office, 1954 - 889 pages |
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Page 64
... Multer . Mr. MULTER . I think I have already expressed to our former col- league , Mr. Cole , how happy I am to see the wonderful job he is doing and to welcome him back . I am also glad to see by good friend , Com- missioner Hollyday ...
... Multer . Mr. MULTER . I think I have already expressed to our former col- league , Mr. Cole , how happy I am to see the wonderful job he is doing and to welcome him back . I am also glad to see by good friend , Com- missioner Hollyday ...
Page 65
... Multer , and I think FHA ought also be run on the basis that the time will come when , with the experience that we have in the business , the accumulation of reserves to protect the Government , that the time will come , as in the ...
... Multer , and I think FHA ought also be run on the basis that the time will come when , with the experience that we have in the business , the accumulation of reserves to protect the Government , that the time will come , as in the ...
Page 66
... MULTER . May I pursue another topic for a moment or two . I notice that you are trying to give us a substitute for the public housing program . The CHAIRMAN . Mr. Multer , before you came in , I believe , we decided that to proceed in ...
... MULTER . May I pursue another topic for a moment or two . I notice that you are trying to give us a substitute for the public housing program . The CHAIRMAN . Mr. Multer , before you came in , I believe , we decided that to proceed in ...
Page 67
... Multer , the lowest income people cannot qualify for public housing now . Mr. MULTER . Unfortunately that is right . There is a limitation , which is just under $ 2,000 annual earnings per family to qualify for public housing , and if ...
... Multer , the lowest income people cannot qualify for public housing now . Mr. MULTER . Unfortunately that is right . There is a limitation , which is just under $ 2,000 annual earnings per family to qualify for public housing , and if ...
Page 68
... Multer , may I illustrate on the existing home in- surance , downpayment . Under the present law , and under the pro- posed law , I will give 2 or 3 illustrations . A $ 12,000 existing house , now would have a $ 2,400 downpayment ...
... Multer , may I illustrate on the existing home in- surance , downpayment . Under the present law , and under the pro- posed law , I will give 2 or 3 illustrations . A $ 12,000 existing house , now would have a $ 2,400 downpayment ...
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Common terms and phrases
agency amended amount areas Association average banks believe bill BOLLING builders building capital CHAIRMAN charges COLE Commissioner Congress construction cooperative housing corporation cost DEANE debentures DOLLINGER downpayment economic estimated existing facility families Federal Housing Administration FHA insurance FNMA funds future advances going guaranteed HIESTAND HOLLYDAY housing cooperatives housing program income increase industry interest rates investment legislation lenders lending lien limit loan to value maximum MCDONOUGH ment MERRILL million mort mortgage insurance mortgage loans mortgage market MULTER MUMMA MURPHY National Housing Act O'HARA OAKMAN operation PATMAN payments percent present President problem projects proposed public housing purchase question recommendation redevelopment rehabilitation REILLY rent rental Reserve residential savings and loan secondary market section 221 SHANKS SHISHKIN slum clearance SLUSSER statement substandard tion trailer coach Treasury urban renewal VA loans veterans
Popular passages
Page 16 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 14 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 557 - ... a decent home in a suitable living environment for every American family.
Page 17 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 13 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding...
Page 14 - 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 28 - An act to expedite the provision of housing in connection with national defense, and for other purposes," approved October 14, 1940, as amended, is amended by striking out "$1,200,000,000" and inserting in lieu thereof "$1,600,000,000.
Page 5 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 14 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the corporation.
Page 8 - Insurance Fund. The principal of, and interest paid and to be paid on, debentures...