Housing Act of 1958: Hearings Before the Subcommittee on Housing of the Committee on Banking and Currency, United States Senate, Eighty-fifth Congress, Second Session ... May 12-22, 1958
U.S. Government Printing Office, 1958 - Housing - 843 pages
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activities additional Administrator agency amended American amount applications approved areas assistance Association authority Bank basis believe bill Board builder building capital Chairman committee completed Congress construction continued contract Corporation cost determined economic educational effect existing facilities fact families Federal feel financing funds give going Government grant guaranteed Home Loan Housing Act improvements income increase industry institutions interest investment land legislation less limit loan maximum means meet ment million mortgage necessary nursing homes operations payments percent period permit planning possible present problem proposed public housing purchase question reason recommend relating relocation rental respect result savings Senator Bush Senator CAPEHART Senator CLARK Senator SPARKMAN statement tion units urban renewal
Page 362 - ... of a property, urban, suburban, or rural upon which there is located a dwelling designed principally for a single-family residence, the construction of which is begun after July 1, 1949, and which is approved for mortgage insurance prior to the beginning of construction...
Page 38 - When it appears in the public interest that land to be acquired as part of an urban renewal project should be used in whole or in part as a site for a low-rent housing project assisted under the United States Housing Act of 1937...
Page 524 - ... redevelopment plan") which provides an outline for the development or redevelopment of said area and is sufficiently complete (1) to indicate its relationship to definite local objectives as to appropriate land uses and improved traffic, public transportation, public utilities, recreational and community facilities and other public improvements...
Page 33 - To be eligible for insurance under this section a mortgage shall meet the following conditions: "(1) The mortgaged property shall be held by a mortgagor approved by the Commissioner. The Commissioner may, in his discretion, require such mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation.
Page 411 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation ; (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, ;or by any State, county, municipality, or local taxing authority...
Page 5 - All notes, bonds, debentures, or other such obligations issued by the Corporation shall be exempt, both as to principal and interest, from all taxation...
Page 94 - ... provide supplementary assistance to the secondary market for home mortgages by providing a degree of liquidity for mortgage investments, thereby improving the distribution of investment capital available for home mortgage financing...
Page 12 - ... 90 per centum of the amount which the Commissioner estimates will be the replacement cost of the property or project when the proposed improvements are completed (the...