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HEARINGS

BEFORE THE

US Congress, Senate,
COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

SEVENTY-NINTH CONGRESS

FIRST SESSION

ON

S. 1592

A BILL TO ESTABLISH A NATIONAL HOUSING POLICY

AND PROVIDE FOR ITS EXECUTION

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

GOVERNMENT PRINTING OFFICE

$0625

WASHINGTON : 1946

1

17156

copy a

COMMITTEE ON BANKING AND CURRENCY

ROBERT F. WAGNER, New York, Chairman CARTER GLASS, Virginia

CHARLES W. TOBEY, New Hampshire ALBEN W. BARKLEY, Kentucky

ROBERT A. TAFT, Ohio JOHN H. BANKHEAD 2D, Alabama

HUGH A. BUTLER, Nebraska GEORGE L, RADCLIFFE, Maryland

ARTHUR CAPPER, Kansas SHERIDAN DOWNEY, California

C. DOUGLASS BUCK, Delaware ABE MURDOCK, Utah

EUGENE D. MILLIKIN, Colorado ERNEST W. MCFARLAND, Arizona

BOURKE B. HICKENLOOPER, Iowa GLEN H. TAYLOR, Idaho

HOMER E. CAPEHART, Indiana
J. WILLIAM FULBRIGHT, Arkansas
HUGH B. MITCHELL, Washington
E.P. CARVILLE, Nevada

DAVID DÈLMAN, Clerk

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CONTENTS

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Statement of-

Page

Addison, F. G., Jr., president, Security Savings and Commercial

Bank, Washington, D. C., chairman, committee on Federal legisla-

q

tion, American Bankers Association...

365

Bates, Harry C., chairman, housing committee, American Federation

of Labor, Washington, D. C.--

334

Blandford, Hon. John B., Jr., Administrator, National Housing

Agency, Washington, D.C.

34

Brown, Francis J., staff associate, American Council on Education -- 275

Fahey, Hon. John H., Commissioner, Federal Home Loan Bank

Administration, Washington, D. C.---

293

Farr, Newton C., Chicago, Ill., representing the National Association
of Real Estate Boards

436, 463, 479

Foley, Hon. Raymond M., Commissioner, Federal Housing Admin-

istration, Washington, D. C.---

148

Green, William, president, American Federation of Labor, Washing-

ton, D. C.

327

Klutznick, Hon. Philip M., Commissioner, Federal Public Housing

Authority -

187

La Guardia, Hon. Fiorello H., Mayor of the City of New York and

president of the United States Conference of Mayors--

129

Mahan, L. E., Mortgage Bankers Association of America.

392

Marquette, Bleecker, on behalf of National Council of Housing Asso-

ciations and the Ohio Housing Council.--

417

Maslen, Sydney, chairman of the Housing Association of Social

Workers, New York City...

320

McCord, Paul L., president, Indianapolis Redevelopment Commis-

sion, Indianapolis, Ind.-

455

Meredith, L. Douglas, Chamber of Commerce of the United States,

Montpelier, Vt.

463

Mock, Clark L., representing the Family Welfare Association of
America, Baltimore, Md.

319

Schwulst, Earl B., executive vice president, Bowery Savings Bank,

New York, N. Y.

373

Shishkin, Boris, secretary, committee on housing, American Federa-

tion of Labor..

349

Veit, Robert T., Shields & Co., New York, N. Y.

473

Wagner, Hon. Robert F., senior Senator from the State of New York. 1

Ware, Caroline F., representing American Association of University

Women.

267

Exhibits:

Bailey, C. W., president, First National Bank, Clarksville, Tenn.,

statement.

389

Benson, Philip A., president, Dime Savings Bank, Brooklyn, N. Y.,

statement.

387

Blandford, Hon. John B., Jr.:

Comparative analysis of the principal provisions of State urban

redevelopment legislation.

485

Executive Order No. 9070.

524

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-

vision of its Administrator..

528

Building and construction trades department of the American Federa-

tion of Labor, letter...

333

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