Amendments to United States Housing Act of 1937: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-Fifth Congress, Third Session, on H.R. 10663 (superseding H.R. 10417) a Bill to Amend the United States Housing Act of 1937. April 28, May 2, 3, 4, 5, 1938U.S. Government Printing Office, 1938 - 150 pages |
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Page 1
... McKeough , Mr. Evans , Mr. Transue Mr. McGranery , Mr. Fish , Mr. Luce , Mr. White , Mr. Crawford , and Mr. Gamble . Mr. GOLDSBOROUGH . The committee will come to order . Gentlemen , we have before us this morning H. R. 10417 , a bill ...
... McKeough , Mr. Evans , Mr. Transue Mr. McGranery , Mr. Fish , Mr. Luce , Mr. White , Mr. Crawford , and Mr. Gamble . Mr. GOLDSBOROUGH . The committee will come to order . Gentlemen , we have before us this morning H. R. 10417 , a bill ...
Page 3
... MCKEOUGH . May I ask a question right there ? Mr. GOLDSBOROUGH . Certainly . Mr. MCKEOUGH . Are those the projects that you took over from the housing section of the P. W. A. , or new construction ? Mr. STRAUS . No ; I am not discussing ...
... MCKEOUGH . May I ask a question right there ? Mr. GOLDSBOROUGH . Certainly . Mr. MCKEOUGH . Are those the projects that you took over from the housing section of the P. W. A. , or new construction ? Mr. STRAUS . No ; I am not discussing ...
Page 6
... MCKEOUGH . Is that an actual money contribution , or is it in service ? Mr. STRAUS . Almost entirely in local tax exemptions , because that is the only thing that they have to give . They are mostly broke , as you know . I could read ...
... MCKEOUGH . Is that an actual money contribution , or is it in service ? Mr. STRAUS . Almost entirely in local tax exemptions , because that is the only thing that they have to give . They are mostly broke , as you know . I could read ...
Page 7
... MCKEOUGH . Illinois ? Mr. STRAUS . Illinois has a defective act , and I have been in con- stand correspondence and telephone communication with them . There is no provision for tax exemption , and the tax in the city of Chicago and I ...
... MCKEOUGH . Illinois ? Mr. STRAUS . Illinois has a defective act , and I have been in con- stand correspondence and telephone communication with them . There is no provision for tax exemption , and the tax in the city of Chicago and I ...
Page 12
... MCKEOUGH . Take Illinois . We can stand it . Mr. WILLIAMS . Is the tax remission based on the present value of the property , or on the property after the Government has spent the money ? Mr. STRAUS . If the amount of the contribution ...
... MCKEOUGH . Take Illinois . We can stand it . Mr. WILLIAMS . Is the tax remission based on the present value of the property , or on the property after the Government has spent the money ? Mr. STRAUS . If the amount of the contribution ...
Common terms and phrases
90 percent actual administration agreement amendment amount annual contributions contracts answer bill building capital grant Chairman committee Congress Congressman constitutional construction contribution or subsidy correct County CRAWFORD debt limits Delaware County dwelling units earmarking economic rent exempt from taxation families Federal annual contribution Federal Government Federal loan figures financed FISH FORD funds Gadsden gentlemen GIFFORD GOLDSBOROUGH Housing Act Housing Authority housing project Illinois income interest Johnson City Kentucky KEYSERLING KOPPLEMANN land legislation loan contracts local annual contributions local authority localities low rentals LUCE MCKEOUGH MEEKS ment Municipal Housing Commission NATHAN STRAUS obligations paid PATMAN payments present public housing question Reconstruction Finance Corporation rehouse slum dwellers REILLY room per month school districts social rent specific SPENCE statement statute substantial breach tax exemption tax remissions thing tion TRANSUE understand United States Housing WILLIAMS York City
Popular passages
Page 110 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...
Page 59 - No member of or delegate to the Congress of the United States of America...
Page 57 - Act shall be available solely for families whose net income at the time of admission does not exceed five times the rental (including the value or cost to them of heat, light, water, and cooking fuel) of the dwellings to be furnished such families, except that in the case of families with three or more minor dependents, such ratio shall not exceed six to one. "(2) The term 'families of low income...
Page 4 - ... (b) A loan pursuant to this title shall be secured in such manner...
Page 5 - The faith of the United States is solemnly pledged to the payment of all annual contributions contracted for pursuant to this section, and there is hereby authorized to be appropriated in each fiscal year, out of any money in the Treasury not otherwise appropriated, the amounts necessary to provide for such payments.
Page 110 - SEC. 20. (a) The Authority is authorized to issue obligations, in the form of notes, bonds, or otherwise, which it may sell to obtain funds for the purposes of this Act. The Authority may issue such obligations in an amount not to exceed...
Page 98 - ... Slum areas are the breeding places of disease which take toll not only from denizens, but, by spread, from the inhabitants of the entire city and state. Juvenile delinquency, crime, and immorality are there born, find protection, and flourish. Enormous economic loss results directly from the necessary expenditure of public funds to maintain health and hospital services for afflicted slum dwellers, and to war against crime and immorality. Indirectly there is an equally heavy capital loss and a...
Page 110 - Such obligations shall be fully and unconditionally guaranteed both as to interest and principal by the United States, and such guaranty shall be expressed on the face thereof...
Page 110 - Authority may make loans to public-housing agencies to assist the development, acquisition, or administration of low-rent-housing or slum-clearance projects by such agencies. Where capital grants are made pursuant to section 11 the total amount of such loans outstanding on any one project and in which the Authority participates shall not exceed the development or acquisition cost of such project less all such capital grants, but in no event shall said loans exceed 90 per centum of such cost. In the...
Page 110 - Such loans shall bear interest at such rate not less than the going Federal rate at the time the loan is made, plus one-half of one per centum, shall be secured in such manner, and shall be repaid within such period not exceeding sixty years, as may be deemed advisable by the Authority.