Letters, statements, memorandums, etc.-Continued Russell, Richard B., a United States Senator from the State of Georgia: Page 217 Memorandum on S. 3484... 218 Supporting data and background material_ 220 Ryan, William, vice president, First State Mortgage Co., Miami, Fla.: 361 St. Germain, Stuart B., Denver, Colo.: Letter to Senator Carroll on Sheridan, Tom, Phoenix, Ariz.: Letter to Senator Hayden on S. 2791__ Sparkman, John, a United States Senator from the State of Alabama: Spencer, G. E., Denver, Colo.: Letter to Senator Carroll on S. 2791__ Tharpe, Robert, Mortgage Bankers Association of America: State- Tripp, Philip F., president, National Association of Housing and Re- 692 United States National Student Association, Willard Johnson, vice 655 Veatch, Paul J., secretary, Santa Cruz, Calif., Rental Owners Asso- Watson, Hugh D., Denver, Colo.: Letter to Senator Carroll on S. 444 Weinberg, Bernard, Philadelhia, Pa.: Letter to committee. Wellman, Charles E., Glendale Federal Savings & Loan Association, Wheaton, William L. C., chairman, board of directors, National Hous- 552 Wherry Housing Association: Letter on project at Fort Sam Houston, 621 INDEX Page College housing____ 8 (S. 3213), 9 (S. 3281) (S. 3351), 17 (S. 3399), 19 (S. 3713), Cooperative housing. Cost certification.... Downpayments---. 167, 456, 833 269 232 Elderly, housing for------ 10 (S. 3399), 75, 234, 356, 361, 485, 676, 702, 720, 780 FHA___ FNMA_ 38 (Committee Print), 166 13 (S. 3399), 38 (Committee Print), 92, 165, 229, 236, 245, 597, 831 Household equipment_. 414, 417, 421, 423, 443, 466, 482, 725, 740, 754, 759, 768, 812, 814, 820 Interest rates___. Loan-value ratios_. Public housing______ 16 (S. 3399), 23 (S. 3781), 35 (Committee Print), 132, 134, Relocation_‒‒‒ Rental Housing-- 26 (S. 3813), 27 (S. 3824), 68, 72, 77, 236, 279, 490, 519, 815, 823 Savings and loan associations_ Urban renewal_. Vacancies 7 (S. 2865) (S. 2992), 14 (S. 3399), 19 (S. 3548) (S. 3717), 450 ΧΙ HOUSING ACT OF 1958 MONDAY, MAY 12, 1958 UNITED STATES SENATE, COMMITTEE OF BANKING AND CURRENCY, SUBCOMMITTEE ON HOUSING, Washington, D. C. The subcommittee met, pursuant to call, at 10: 10 a. m., in room 301, Senate Office Building, Senator John Sparkman (chairman of the subcommittee) presiding. Present: Senators Sparkman, Fulbright, Douglas, Monroney, Clark, Capehart, Bush. and Beall. Senator SPARK MAN. Let the subcommittee come to order. The Subcommittee on Housing today commences hearings on bills pending before it as of this date. The purpose of these hearings is to receive testimony and afford members an opportunity to discuss fully the provisions of these bills, which are, for the most part, amendments to the various housing programs administered by the Housing and Home Finance Agency and its constituent agencies. The bills to be considered are as follows: S. 2791, which I introduced, by request, to create a new Federal corporation which would be authorized to guarantee the top 20 percent of conventional mortgages. S. 2865, by Senator Morse, to amend title I of the Housing Act of 1949 to authorize the extension of urban renewal assistance to certain communities affected by public works projects. S. 2872, by Senator Murray, relating to the insurance of savings and loan accounts. S. 2992, by Senator Bible, to waive certain requirements of the urban renewal program for the period of January 1, 1957, through June 30, 1958, in regard to noncash grants-in-aid. S. 3064, by Senator Payne, to broaden the scope of the FHA section 221 relocation housing program. S. 3213, by Senator Fulbright; S. 3281, by Senator Thye; S. 3351. by Senator Beall; and S. 3713, by Senator Clark and others, to increase the authorization and further broaden the scope of the college housing program. S. 3398, by Senator Capehart, by request, to make certain technical adjustments in the FNMA Charter Act relative to the computation of taxes by the association. S. 3399, by Senator Capehart, by request, is the administration's proposed amendments to the National Housing Act and other related acts. S. 3484, by Senator Russell, relating to the acquisition of certain FHA section 207 rental housing projects by the Department of Defense for use as military housing. 1 |