Housing Amendments of 1955: Hearings Before ... , 84-1 on H.R. 5827, (superseded by S. 2126), May 23 ... June 10, 1955
1955 - 627 pages
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Common terms and phrases
able additional Administrator agency amendment American amount applications areas assistance Association authority banks believe bill Board BROWN building capital Chairman CLARK COLE committee complete Congress consideration construction continue cooperative Corporation cost course dwelling effect existing facilities fact families Federal feel financing funds further give going Government Home Loan Housing Act improvement income increase industry institutions interest investment land legislation less limitation living loans MCDONOUGH means meet ment million mobile home months mortgage MULTER O'HARA operation park PATMAN percent period present problem projects proposed public housing question reason recommended represent reserves savings slum statement suggest Thank thing tion trailer units urban renewal
Page 321 - 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 such notes or other obligations.
Page 445 - Banks and other savings facilities having their deposits insured by the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation are conveniently situated in practically all localities of the United States.
Page 199 - first mortgage" means such classes of first liens as are commonly given to secure advances (including but not limited to advances during construction) on, or the unpaid purchase price of, real estate under the laws of the State in which the real estate is located, together with the credit...
Page 233 - 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 234 - housing" means structures suitable for dwelling use by elderly or handicapped families which are (A) new structures, or (B) provided by rehabilitation, alteration, conversion, or improvement of existing structures which are otherwise inadequate for proposed dwelling use by such families. (2) The term "corporation...
Page 233 - ... to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act. as amended, and the purposes for which securities may be issued under that Act.
Page 53 - No institution shall be eligible to become a member of, or a nonmember borrower of, a Federal Home Loan Bank if, in the judgment of the board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its homefinancing policy is inconsistent with sound and economical home financing, or with the purposes of this Act.
Page 194 - ... under a lease having a period of not less than fifty years to run from the date the mortgage was executed, upon which there is located or upon which there is to be constructed a building or buildings designed principally for residential use or upon which there is located or to be constructed facilities for mobile homes; ' and the term "first mortgage...
Page 233 - Commissioner with the approval of the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury...
Page 5 - States in actions instituted under section 1346 of this title, interest shall be computed at the rate of 4 per centum per annum from the date of the judgment up to, but not exceeding, thirty days after the date of approval of any appropriation Act providing for payment of the judgment.