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 HOUSE OF REPRESENTATIVES EIGHTY-FOURTH CONGRESS FIRST SESSION ON H. R. 5827 (SUPERSEDED BY S. 2126) 63137 MAY 23, 24, 25, 26; June 2, 3, 6, 7, 8, 9, and 10, 1955 Printed for the use of the Committee on Banking and Currency UNITED STATES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.away CONTENTS 123 Pago 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 the conservation and development of urban communities .. American Association of Social Workers. Anderson, Dr. Hurst R., president, American University, representing American Council of Education and the Association of American Baldwin, Hon. John F., a Representative in Congress from the State Bartlett, Hon. E. L., a Delegate to United States Congress from the 626 612 Bubb, Henry A., chairman, legislative committee, United States 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 Du Laurence Henry, chairman, legislative committee, National Apartment Owners Association, Inc.- Evans, John, chairman, Aeronautics Committee, American Legion.. 146 Fischer, Ben, director, CIO Housing Committee.. Fleischut, Gerrard P., representing Mobile Homes Dealers National Floete, Hon. Franklin G., Assistant Secretary of Defense for Property Friedel, Hon. Samuel N., a Representative in Congress from the State 613 614 352 Heitmann, Fred W., Jr., vice president, Northwest National Bank Hoffmann, Frank N., chairman, housing subcommittee of the legis- Houser, Mrs. Jency Price, representing housing designed for perma- 355 Investment Bankers Association of America, municipal securities Jones, Hon. Robert E., a representative in Congress from the State Kaul, Ralph, representing the Trailer Coach Association Leader, Governor George M., State of Pennsylvania -- Lovre, Hon. Harold 0., a Representative in Congress from the State Lucas, Hon. Scott W., representing the Mobile Homes Manufac- 217 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 579 Mills, Walter B., Jr., president, National Association of Housing Mitchell, Clarence, director, Washington bureau, National Association 546 League accompanied by Harold D. Braman, executive manager... 367 Moses, Robert, chairman, committee on slum clearance, city of Murdock, Dana, representing the city of Richmond, Calif_ Nichols, C. N., managing director, NERSICA, Inc., New York, Northup, H. R., executive vice president, National Retail Lumber O'Grady, Rt. Rev. Msgr. John, secretary, National Conference of 335 O'Hara, Hon. Barratt, a Representative in Congress from the State of Olson, C. H., assistant legislative director, American Legion. Packard, Arthur J., president, Packard Hotels Co., Mount Vernon, Robbins, Ira S., president, National Housing Conference, Inc., ac- 321 Rouse, James W., president, James W. Rouse & Co., Baltimore, Md., accompanied by Samuel Neal, counsel. Scott, Kenneth L., Director, Agriculture Credit Service, accompanied by R. B. McLeaish, Administrator, Farmers Home Administration. 126 Scott, Robert E., representing The Chamber of Commerce of the Seidman, Bert, acting secretary, housing committee, American Fed- 183 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. 247 Spiczak, George, vice president, Home Savings & Loan Association.. 264 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. 101 Westland, Hon. Jack, a Representative in Congress from the State of Wilcox, Arthur P., chairman, Realtors Washington committee, Na- tional Association of Real Estate Boards, accompanied by John C. 375, 415 Resolution on housing, adopted at 73d convention, Los Angeles, 189 American Municipal Association: Appendix A. Proposed amendment to section 221 (a) of the National Housing Act of 1949, as amended.. Appendix B. Section 110 (c) of the Housing Act of 1949, as Appendix C. Proposed amendments to sections 220 and 221 of the National Housing Act increasing mortgage insurance limits for nonprofit corporations to 100 percent of value of cost.--. 195 Bell, Hon. John J. (telegrams): C. N. Burt Co., Dallas, Tex... Central Investment Co., Dallas, Tex... College and University Finance Associates, San Antonio, Tex. Additional data submitted to the committee by-Continued Paga 625 624 626 626 625 624 626 626 623 624 624 623 625 625 625 622 626 625 612 Exhibits 1-15. Newspaper articles submitted to the committee. 467 461 169 170 170-172 172 151 262 Bureau of the Budget statement in answer to questions by Con- 144 Farm Tenant Act, prior to passage of the Housing Act of 1949.. 135 of loans made during the 1953 and 1954 fiscal years under title 136 141 130 545 120 Telegram from Los Angeles, signed by L. H. Empey, Ralph E. Phillips, Francis Moulton, Joseph L. Ryans, William S. 621 Letter of June 3, 1955, in re “Proposed provision to allow Federal savings and loan associations to invest a limited amount in real 83 |