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
... . 103. Section 8 of said Act , as amended , is hereby amended by striking the period at the end of subsection ( a ) and inserting a colon and the following : “ And 1 provided further , That no mortgage shall be insured under.
... . 103. Section 8 of said Act , as amended , is hereby amended by striking the period at the end of subsection ( a ) and inserting a colon and the following : “ And 1 provided further , That no mortgage shall be insured under.
Page 2
... further , That no mortgage shall be insured under this section after the effective date of the Housing Act of 1954 , except pursuant to a commitment to insure issued on or before such date . " AMENDMENTS OF TITLE II OF NATIONAL HOUSING ...
... further , That no mortgage shall be insured under this section after the effective date of the Housing Act of 1954 , except pursuant to a commitment to insure issued on or before such date . " AMENDMENTS OF TITLE II OF NATIONAL HOUSING ...
Page 4
... further , That nothing contained in this section shall preclude the insurance of mortgages covering existing construction located in slum or blighted areas , as defined in paragraph numbered ( 5 ) of subsection ( a ) of this section ...
... further , That nothing contained in this section shall preclude the insurance of mortgages covering existing construction located in slum or blighted areas , as defined in paragraph numbered ( 5 ) of subsection ( a ) of this section ...
Page 5
... further , That such mortgage shall not involve a principal obligation ex- ceeding the maximum amount per room or per family unit prescribed by the provisions of this section 213 in effect prior to the effective date of the Housing Act ...
... further , That such mortgage shall not involve a principal obligation ex- ceeding the maximum amount per room or per family unit prescribed by the provisions of this section 213 in effect prior to the effective date of the Housing Act ...
Page 7
... further , That nothing contained in part ( B ) shall preclude the insurance of mortgages covering existing multifamily dwellings to be rehabilitated or reconstructed for the purposes set forth in subsection ( a ) of this section . " ( 4 ) ...
... further , That nothing contained in part ( B ) shall preclude the insurance of mortgages covering existing multifamily dwellings to be rehabilitated or reconstructed for the purposes set forth in subsection ( a ) of this section . " ( 4 ) ...
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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...