HEARINGS BEFORE THE SUBCOMMITTEE ON HOUSING OF THE COMMITTEE ON BANKING AND CURRENCY EIGHTY-FIFTH CONGRESS SECOND SESSION 28431 JULY 7, 8, 9, 10, 11, 14, 15, 16, 17, AND 18, 1958 I'rinted for the use of the Committee on Banking and Currency UNITED STATES WASHINGTON: 1958 73 367ST XL2 09/92 53-005-00 HUGH J. ADDONIZIO, New Jersey WILLIAM A. BARRETT, Pennsylvania LEONOR K. SULLIVAN, Missouri THOMAS L. ASHLEY, Ohio HENRY O. TALLE, Iowa GORDON L. MCDONOUGH, California JOHN E. BARRIERE, Staff Director II CONTENTS Anderson, Hurst R., president, the American University, Washington, D. C., representing the American Council on Education, American Association of Land-Grant Colleges & State Universities, Association for Higher Education, National Education Association, Association of American Colleges, and State Universities Association.. Arrington, John H., Family Housing Division, Office of the Assistant Baldwin, Hon. John J., Jr., a Representative in Congress from the Bartlett, Hon. E. L., Delegate to Congress from the Territory of Baughman, J. Stanley, President, Federal National Mortgage Associa- Bent, James E., chairman, legislation committee, National League of Insured Savings Associations; accompanied by Harold P. Braman, Boyd, Roland, general counsel, Wherry Housing Association; accom- panied by Hubb Hill, president; Hamilton Shields, vice president; George Leonard, vice president; and Charles Knott, secretary- Breeding, Hon. J. Floyd, a Representative in Congress from the State Brown, R. Manning, Jr., accompanied by Ehney A. Camp, Jr., and Dr. James J. O'Leary, on behalf of American Life Convention and Life Insurance Association of America Bubb, Henry A., chairman, legislative committee, United States Campbell, Wallace J., director, Washington office, Cooperative League 167 551 Celebrezze, Hon. Anthony J., mayor, Cleveland, Ohio, representing Cole, Hon. Albert M., Administrator, Housing and Home Finance Curtis, Hon. Thomas B., a Representative in Congress from the State Dwyer, Hon. Florence P., a Representative in Congress from the Gill, Walter J., National Association of Real Estate Boards. Hagen, Hon. Harlan, a Representative in Congress from the State of 142 383 276 Hamilton, Dr. T. Stewart, vice chairman, Council on Professional Hazeltine, John C., Commissioner, Community Facilities Adminis- Held, Harry, vice president, Bowery Savings Bank, New York, N. Y., Hollander, Edward D., national director, Americans For Democratic Knox, Peter S., Jr., cochairman, legislative committee, Home Manu- Lesinski, Hon. John, a Representative in Congress from the State of 251 376 473, 481 Madden, Hon. Ray J., a Representative in Congress from the State Magnuson, Hon. Don, a Representative in Congress from the State Mason, Norman P., Commissioner, Federal Housing Administration - Matthews, Hon. D. R. (Billy), a Representative in Congress from the Meegan, Joseph, executive secretary, Back of the Yards Social Action 579 584 Miriani, Hon. Louis C., mayor, Detroit, Mich., representing the 423 Mustin, George T., American Nursing Home Association, accompanied 623 O'Grady, Rt. Rev. Msgr. John, secretary, National Council of Catholic 612 O'Hara, Hon. Barratt, a Representative in Congress from the State of 657 Pelly, Hon. Thomas M., a Representative in Congress from the State Peterson, Hon. P. Kenneth, mayor, Minneapolis, Minn., representing Reilly, John A., president, Second National Bank of Washington, D. C., representing the American Bankers Association; accom- panied by Jerry O. Brott and Thomas L. Nims.. Robertson, Hon. Albert, Chairman, Federal Home Loan Bank Board; 83 Scott, Robert E., National Association of Real Estate Boards. 518, 529, 532 Seliga, Emil J., representing the Back of the Yards Council.. Severin, Nels G., president, National Association of Home Builders; accompanied by Carl Mitnick, first vice president - - - . Shelley, Joseph, executive secretary, Vegetable Growers Association Shishkin, Boris, secretary, housing committee, AFL-CIO; accom- 125 Sikes, Hon. Robert L. F., a Representative in Congress from the 354 Slusser, Charles E., Commissioner, Public Housing Administration... Steiner, Richard L., Commissioner, Urban Renewal Administration.. Stubbs, Harry J., commissioner, Gary Housing Authority, Gary, Ind - Teller, Hon. Ludwig, a Representative in Congress from the State of Tharpe, Robert, president, Tharpe & Brooks, Inc., mortgage bankers Tripp, Philip F., president, National Association of Housing and 338, 345 Wagner, Hon. Robert F., mayor, New York City, representing the United States Conference of Mayors West, George W., Sr., representing the United States Chamber of Wheaton, William L. C., chairman, board of directors, National Yeilding, Frank B., president, Jefferson Federal Savings & Loan As- 206 Letter of July 11, 1958, regarding percentages of FHA insured, 362 Pipkin, Leonard W., Jr., Topeka, Kans., letter of June 27, 1958. Cooperative League of the United States of America: Cooperative Housing Program in FHA, article from Congres- sional Record, April 25, 1958---- 334 Proposed amendments to the Housing Act of 1958. 330 Defects in H. R. 10637. Federal Housing Administration: Certified agency program Exhibit A.-Authorized agents appointed under the FHA 102 Exhibit B.-Appraisers and inspectors authorized under the FHA certified agency program as of June 20, 1958. Comparison of default ratios between May 1957 and May 1958 by States for all cases insured under section 203___ FHA housing for the elderly-Projects in active status as of May Housing for the elderly-Summary of project operations as of Status of firm proposals (inquiries received January-May 1958 Carlisle, Mrs. Richard T., China Lake, Calif., letter of July 5, Dillard, Dudley, economics department, University of Maryland, Morton, H. C., buyer-manager, University Students Co-op, Letter of July 5, 1958, from Van Buren Township, Belleville, 122 Resolution adopted by Lincoln Park Democratic Club, December 123 Resolution No. 58-116 adopted by the Council of the Village of 122 Mortgage Bankers Association of America: Memorandum on proposed mortgage moratorium legislation_-_- Statement of policy on legislation affecting real estate financing.. 508 504 |