4. S. Congress, House. HEARINGS BEFORE THE COMMITTEE ON BANKING AND CURRENCY. HOUSE OF REPRESENTATIVES EIGHTY-FOURTH CONGRESS FIRST SESSION ON H. R. 5827 (SUPERSEDED BY S. 2126) 63137 MAY 23, 24, 25, 26; June 2, 3, 6, 7, 8, 9, and 10, 1955 Printed for the use of the Committee on Banking and Currency UNITED STATES WASHINGTON: 1955 R.V. S. 22 Jy CONTENTS 123 H. R. 5827. A bill to extend and clarify laws relating to the provision and improvement of housing, the elimination and prevention of slums, and Page Anderson, Dr. Hurst R., president, American University, representing American Council of Education and the Association of American Bartlett, Hon. E. L., a Delegate to United States Congress from the 626 Bennett, Hon. Charles E., a Representative in Congress from the 612 Buchanan, Hon. Vera, a Representative in Congress from the State of Campbell, Wallace J., director, Washington office, Cooperative League of the United States of America. Clark, Hon. Joseph S., Jr., mayor, city of Philadelphia, Pa Colburn, Fern M., secretary, Social Education and Action Committee, National Federation of Settlements and Neighborhood Centers, Cole, Hon. Albert M., Administrator, Housing and Home Finance Agency, accompanied by Norman F. Mason, Commissioner, Federal Evans, John, chairman, Aeronautics Committee, American Legion___ Fischer, Ben, director, CIO Housing Committee__ Fleischut, Gerrard P., representing Mobile Homes Dealers National Friedel, Hon. Samuel N., a Representative in Congress from the State 613 Garmatz, Hon. Edward A., a Representative in Congress from the 614 Hadley, Eleanor M., Washington representative, American Associa- 352 Houser, Mrs. Jency Price, representing housing designed for perma- 355 Investment Bankers Association of America, municipal securities 298 Lucas, Hon. Scott W., representing the Mobile Homes Manufac- 217 McAllister, Walter W., Chairman, Home Loan Bank Board. 68 Mead, Hon. Donald H., mayor, city of Syracuse, N. Y., representing the American Municipal Association... Miller, Hon. George P., a Representative in Congress from the State Mills, Walter B., Jr., president, National Association of Housing Mitchell, Clarence, director, Washington bureau, National Association Morrison, W. Franklin, representing National Savings and Loan Moses, Robert, chairman, committee on slum clearance, city of Murdock, Dana, representing the city of Richmond, Calif 579 546 367 O'Grady, Rt. Rev. Msgr. John, secretary, National Conference of 335 Olson, C. H., assistant legislative director, American Legion Packard, Arthur J., president, Packard Hotels Co., Mount Vernon, 321 Robbins, Ira S., president, National Housing Conference, Inc., ac- Rouse, James W., president, James W. Rouse & Co., Baltimore, Md., accompanied by Samuel Neal, counsel.. Scott, Kenneth L., Director, Agriculture Credit Service, accompanied Scott, Robert E., representing The Chamber of Commerce of the Seidman, Bert, acting secretary, housing committee, American Fed- Slusser, Charles E., Public Housing Commissioner... Smith, Earl W., president, National Association of Home Builders, accompanied by George Goodyear and Herbert Coulton____ Sorrell, W. Byron, Mobile Homes Dealers National Association.. Spiczak, George, vice president, Home Savings & Loan Association.. Staal, Ben J., treasurer, Holland Furnace Co., Holland, Mich.. Vanik, Hon. Charles A., a Representative in Congress from the State Viner, Arthur, executive director, Voluntary Home Mortgage Credit_ Westland, Hon. Jack, a Representative in Congress from the State of Wilcox, Arthur P., chairman, Realtors Washington committee, Na- 126 183 375, 415 Wilson, Ed, secretary, Mobile Homes Manufacturers Association___ 220 Resolution on housing, adopted at 73d convention, Los Angeles, 189 Appendix C. Proposed amendments to sections 220 and 221 of Additional data submitted to the committee by-Continued Page Dallas Rupe & Son, Inc., investment bankers, Dallas, Tex... 625 624 626 Hagberg, M. A., Dallas, Tex... 626 Henry-Seay & Co., Dallas, Tex.. 625 James C. Tucker & Co., investment bankers, Austin, Tex--- Moore, Wilmer L., and J. Ervin Shilg, Dallas, Tex_-- 624 Pierce, Chas. C., Dallas, Tex... 623 Shelton, Lockett, vice president, Republican National Bank, 625 Smallwood, Wm. P., First Southwest Co., Dallas, Tex- 625 625 Stayart, Louis W., Dallas, Tex. R. A. Underwood & Co., Inc., Dallas, Tex. Bennett, Hon. Charles E.: Chamber of Commerce of the United States: Letter of June 10, 1955, to Hon. Brent Spence, answering ques- Clark, Hon. Joseph S., Jr., mayor, Philadelphia, Pa.: 622 626 625 Housing Authority of Jacksonville, letter of June 1, 1955_____ Exhibits 1-15. Newspaper articles submitted to the committee. 612 467 461 Letter of June 6, 1955, to Hon. Brent Spence (enclosures). 169 170 170-172 Status of federally-aided public housing in Philadelphia, 172 Resolution on Housing, proposed at 31st American Municipal 151 Cooperative League of the United States of America: Consumers-sponsored 213 cooperative housing projects--- 262 Farmers Home Administration: Bureau of the Budget statement in answer to questions by Con- Insured farm ownership loans under title I of the Bankhead-Jones 144 135 136 Possibility of loss to the Government from foreclosure by prior 141 Selected characteristics of rural farm housing, United States 130 Floete, Hon. Franklin G., Assistant Secretary of Defense: Letter of June 13, 1955. 545 Letter of June 20, 1955, re effect of lack of family housing on 120 Hiestand Hon. Edgar W.: Telegram from Los Angeles, signed by L. H. Empey, Ralph E. 621 Home Loan Bank Board: Letter of June 3, 1955, in re "Proposed provision to allow Federal 883 |