Y 4.322/1 H81/08/978/pt. 1
HOUSING AND COMMUNITY DEVELOPMENT
AMENDMENTS OF 1978

2

HEARINGS

BEFORE THE

SUBCOMMITTEE ON

HOUSING AND COMMUNITY DEVELOPMENT

OF THE

COMMITTEE ON

BANKING, FINANCE AND URBAN AFFAIRS

HOUSE OF REPRESENTATIVES

NINETY-FIFTH CONGRESS

SECOND SESSION

PART 1

MARCH 8, 20, AND 21, 1978

Printed for the use of the

Committee on Banking, Finance and Urban Affairs

HOUSING AND COMMUNITY DEVELOPMENT

AMENDMENTS OF 1978

HEARINGS

BEFORE THE

SUBCOMMITTEE ON

HOUSING AND COMMUNITY DEVELOPMENT

OF THE

COMMITTEE ON

BANKING, FINANCE AND URBAN AFFAIRS

HOUSE OF REPRESENTATIVES

NINETY-FIFTH CONGRESS

SECOND SESSION

26-117 O

PART 1

MARCH 8, 20, AND 21, 1978

Printed for the use of the

Committee on Banking, Finance and Urban Affairs

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1978

HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

HENRY S. REUSS, Wisconsin, Chairman

CONTENTS

(The same table of contents appears in parts 1 and 2)

Baker, Calvin D., president, Community Federal Savings & Loan Associa-

tion of Philadelphia, Blue Bell, Pa., on behalf of the National Savings &

Loan League__

Barnard, Rollin D., president, Midland Federal Savings & Loan Associa-

tion, Denver, Colo., on behalf of the U.S. League of Savings Associa-

tions

Behymer, George W., president, Home Federal Savings & Loan Associa-

tion. Cincinnati, Ohio; on behalf of the U.S. League of Savings Associa-

tions and the National Savings & Loan League--

Bingham, Hon. Jonathan B., a Representative in Congress from the State

of New York___

Brinkerhoff, Philip R., president, Federal Home Loan Mortgage Corpora-

tion

Cavanaugh, Hon. Gordon, Administrator Farmers Home Administration,

U.S. Department of Agriculture; accompanied by L. D. Elwell, Assistant
Administrator for Rural Housing; and Arthur M. Collings, Jr., Special
Assistant to the Administrator___

997

1108

1344

641

670

1461

Connell, Hon. Lawrence, Administrator, National Credit Union Admin-
istration

1213

Crichton, Hon. Ann, mayor, Decatur, Ga., on behalf of the National League
of Cities (NLC).

Dolbeare, Cushing N., chairperson, Ad Hoc Low Income Housing Coali-

tion

Dlugosch, James F., executive director, Minnesota Housing Finance
Agency, vice president of the Council of State Housing Agencies, accom-
panied by Charles L. Edson, counsel, Council of State Housing Agencies--
Farrer, Richard C., chairman, Realtors Legislative Committee, National
Association of Realtors; accompanied by Albert E. Abrahams and Wil-
liam L. Warfield, Government Affairs Department, National Association
of Realtors..

Gephardt, Hon. Richard A., a Representative in Congress from the State
of Missouri____.

256

1025

366

500

660

Gradison, Hon. Willis D., Jr., a Representative in Congress from the

State of Ohio----

1206

(III)