Housing Act of 1954: Hearing Before the Committee on Banking and CurrencyU.S. Government Printing Office, 1954 - 889 pages |
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Page 1
... AMENDMENTS OF TITLE I OF NATIONAL HOUSING ACT SEC . 101. Section 2 ( b ) of the National Housing Act , as amended , is hereby amended- ( 1 ) by striking out clause numbered ( 1 ) and inserting the following : " ( 1 ) if the amount of ...
... AMENDMENTS OF TITLE I OF NATIONAL HOUSING ACT SEC . 101. Section 2 ( b ) of the National Housing Act , as amended , is hereby amended- ( 1 ) by striking out clause numbered ( 1 ) and inserting the following : " ( 1 ) if the amount of ...
Page 2
... AMENDMENTS OF TITLE II OF NATIONAL HOUSING ACT SEC . 104. Section 203 ( b ) ( 2 ) of said Act , as amended , is hereby amended to read as follows : " ( 2 ) Involve a principal obligation ( including such initial service charges ...
... AMENDMENTS OF TITLE II OF NATIONAL HOUSING ACT SEC . 104. Section 203 ( b ) ( 2 ) of said Act , as amended , is hereby amended to read as follows : " ( 2 ) Involve a principal obligation ( including such initial service charges ...
Page 3
... amended , is hereby amended- ( 1 ) by striking out of the third sentence the words " any mortgage in- surance premiums paid after either of such dates " and inserting " any mortgage insurance premiums paid after either of such dates ...
... amended , is hereby amended- ( 1 ) by striking out of the third sentence the words " any mortgage in- surance premiums paid after either of such dates " and inserting " any mortgage insurance premiums paid after either of such dates ...
Page 4
... amended- ( 1 ) by inserting after the first proviso in paragraph numbered ( 2 ) the following : " Provided further ... amended , is hereby amended by inserting the words " of the Housing Insurance Fund " between the words " debentures ...
... amended- ( 1 ) by inserting after the first proviso in paragraph numbered ( 2 ) the following : " Provided further ... amended , is hereby amended by inserting the words " of the Housing Insurance Fund " between the words " debentures ...
Page 5
... amended , is hereby amended by striking the last sentence thereof . SEC . 121. Section 217 of said Act , as amended , is hereby amended to read as follows : " SEC . 217. Notwithstanding limitations contained in any other section of this ...
... amended , is hereby amended by striking the last sentence thereof . SEC . 121. Section 217 of said Act , as amended , is hereby amended to read as follows : " SEC . 217. Notwithstanding limitations contained in any other section of this ...
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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...