HEARINGS BEFORE THE COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE SEVENTY-NINTH CONGRESS FIRST SESSION ON S. 1592 A BILL TO ESTABLISH A NATIONAL HOUSING POLICY 80525 PART 1 NOVEMBER 27, 28, 29, 30, DECEMBER 4 AND 5, 1945 [REVISED] Printed for the use of the Committee on Banking and Currency UNITED STATES WASHINGTON: 1946 COMMITTEE ON BANKING AND CURRENCY ROBERT F. WAGNER, New York, Chairman CARTER GLASS, Virginia ALBEN W. BARKLEY, Kentucky JOHN H. BANKHEAD 2D, Alabama GEORGE L. RADCLIFFE, Maryland SHERIDAN DOWNEY, California ABE MURDOCK, Utah ERNEST W. MCFARLAND, Arizona GLEN H. TAYLOR, Idaho J. WILLIAM FULBRIGHT, Arkansas HUGH B. MITCHELL, Washington E. P. CARVILLE, Nevada CHARLES W. TOBEY, New Hampshire ⚫ HUGH A. BUTLER, Nebraska C. DOUGLASS BUCK, Delaware 11 DAVID DELMAN, Clerk CONTENTS Addison, F. G., Jr., president, Security Savings and Commercial Bank, Washington, D. C., chairman, committee on Federal legisla- Bates, Harry C., chairman, housing committee, American Federation Blandford, Hon. John B., Jr., Administrator, National Housing Brown, Francis J., staff associate, American Council on Education... Fahey, Hon. John H., Commissioner, Federal Home Loan Bank Administration, Washington, D. C........ Farr, Newton C., Chicago, Ill., representing the National Association 334 436, 463, 479 Foley, Hon. Raymond M., Commissioner, Federal Housing Admin- 148 LaGuardia, Hon. Fiorello H., Mayor of the City of New York and 129 Mock, Clark L., representing the Family Welfare Association of 319 Shishkin, Boris, secretary, committee on housing, American Federa- 349 Wagner, Hon. Robert F., senior Senator from the State of New York. Ware, Caroline F., representing American Association of University The National Housing Agency-A descriptive analysis of the basic permanent housing functions being administered by its three constituent units under the general direction and super- |