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TO HOUSING AND URBAN DEVELOPMENT

HEARINGS

BEFORE THE

SUBCOMMITTEE ON HOUSING

OF THE

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES
NINETIETH CONGRESS STANFORD

FIRST SESSION

ON

H.R. 8068

A BILL TO AMEND AND EXTEND LAWS RELATING TO
HOUSING

AND

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URBAN DEVELOPMENT, AND FOR
OTHER PURPOSES

UNIVERSITY

RTMENT

79-180

APRIL 18, 19, 20, 21, 24, 25, 26, AND 27, 1967

Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1967

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CONTENTS

Text of House Joint Resolution 498.

Text of H.R. 8068...

Statement of-

Albert, Silas F., chairman, Realtors' Washington Committee, Na-

tional Association of Real Estate Boards; accompanied by Jack

Williamson, general counsel, National Association of Real Estate

Boards

Babiarz, John E., mayor, Wilmington, Del.; accompanied by Robert
E. Josten, legislative assistant, National League of Cities; and
Robert G. Walter, assistant executive director, U.S. Conference
of Mayors.

Buck, William D., president, International Association of Fire Fighters,
AFL-CIO; accompanied by Lester R. Schick, president, Interna-
tional Association of Fire Chiefs; Leonard B. Kershner, member of
IAFF Legislative Committee; and David Gratz, chairman, IAFC
Federal Committee_

Carothers, Durell, director, National Parking Association_
Carr, Frank, president, John Nuveen & Co., Chicago, Ill.; accompanied
by Noble L. Biddinger, director, Cities Securities Corp. of Indian-
apolis, Indianapolis, Ind.; and Alvin V. Shoemaker, municipal
director, Investment Bankers Association of America.
Carstenson, Blue, assistant legislative director, National Farmers
Union...

Page

507

247

302

323

356

De Laittre, John, executive vice president, Mortgage Bankers Associa-
tion of America; accompanied by Samuel E. Neel, general counsel,
and Dr. Oliver H. Jones, director of research, MBA.
Dow, Hon. John G., a Representative in Congress from the 27th
Congressional District of the State of New York

501

489

Freeman, Hon. Orville L., Secretary, Department of Agriculture;
accompanied by John W. Baker, Assistant Secretary..

281

Hanna, Hon. Richard T., Representative in Congress from the 34th

Congressional District of the State of California..

Hillenbrand, Bernard F., executive director, National Association of

Counties; accompanied by John Mulroy, county executive of

Onondaga County, N. Y.; and C. D. Ward, general counsel, Na-

tional Association of Counties.

Johnson, Hon. Harold T., a Representative in Congress from the
Second Congressional District of the State of California..
Keith, Nathaniel S., president, National Housing Conference, Inc.
Lashman, Ed, legal representative, AFL-CIO...

Lennon, Hon. Alton, a Representative in Congress from the Seventh
Congressional District of the State of North Carolina....

563

81

496

562

Morgan, Charles S., assistant general manager, National Fire Protec-
tion Association...

277

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