Housing Act of 1958: Hearings Before the Subcommittee on Housing of ... , 85-2, July 7 ... 18, 19581958 - 758 pages |
From inside the book
Results 1-5 of 79
Page 24
... complete . Then , starting in fiscal year 1962 , the Federal Government would provide $ 200 mil- lion a year for the payment of up to one - half of net project costs . This would permit the available Federal funds to be spread over a ...
... complete . Then , starting in fiscal year 1962 , the Federal Government would provide $ 200 mil- lion a year for the payment of up to one - half of net project costs . This would permit the available Federal funds to be spread over a ...
Page 25
... complete , and there were no project funds with which to repay the advance . The locality that received and spent the planning ad- vance would still be liable for its share of the cost , if the project should be revived at some later ...
... complete , and there were no project funds with which to repay the advance . The locality that received and spent the planning ad- vance would still be liable for its share of the cost , if the project should be revived at some later ...
Page 36
... complete and un- equivocal power to fix income limits , rents , and exemptions and deduc- tions for both eligibility and rent - fixing purposes . It contains a formula , apparently designed to safeguard the public purpose of the program ...
... complete and un- equivocal power to fix income limits , rents , and exemptions and deduc- tions for both eligibility and rent - fixing purposes . It contains a formula , apparently designed to safeguard the public purpose of the program ...
Page 38
... complete total payments of approximately $ 15,300 , his equity would increase to only $ 1,500 . The amount for service charges used in this example is based on current prevailing average management costs in the low - rent pro- gram ...
... complete total payments of approximately $ 15,300 , his equity would increase to only $ 1,500 . The amount for service charges used in this example is based on current prevailing average management costs in the low - rent pro- gram ...
Page 52
... complete discretionary authority at the present time to remove such inconsistency , if desirable . Mr. RAINS . So for that reason I was thinking that we should take some action . Now let's talk about interest rates a little bit . You ...
... complete discretionary authority at the present time to remove such inconsistency , if desirable . Mr. RAINS . So for that reason I was thinking that we should take some action . Now let's talk about interest rates a little bit . You ...
Common terms and phrases
additional ADDONIZIO agency Albert Rains amendment amortization amount appraisal areas ASHLEY BARRETT believe BETTS BUBB builders building capital grant CELEBREZZE Chairman coinsurance COLE college housing committee Congress construction conventional loan cooperative housing Corporation cost elderly facilities families favor Federal Government Federal Home Loan Federal Housing Administration FHA loans financing FNMA foreclosure funds going guaranty HALLAHAN Home Loan Bank home mortgage Housing Act housing authorities housing program income increase institutions interest rate legislation lenders lending limit loan associations Loan Bank Board low-rent housing maximum Mayor MCDONOUGH ment million mortgage insurance mortgage loans National nursing homes operation payments premium present problem proposed public housing purchase question RAINS recommend redevelopment savings and loan Seattle Housing Authority section 203 Senate bill SHISHKIN slum statement subcommittee SULLIVAN Thank tion units urban renewal program Wherry WIDNALL
Popular passages
Page 669 - ... (3) if executed by a mortgagor which is a private nonprofit corporation, association, or organization acceptable to the Commissioner, involve a principal obligation not in excess of 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...
Page 725 - Five members who are members of the Committee on Banking and Currency of the House of Representatives, three from the majority and two from the minority party, to be appointed by the chairman of the committee.
Page 332 - Commissioner may, by regulation, increase any of the foregoing dollar amount limitations contained in this paragraph by not to exceed $1,250 per room without regard to the number of rooms being less than four, or four or more, in any geographical area where he finds that cost levels so require...
Page 283 - State, by the municipality or other political subdivision in which the facility is located), for the accommodation of convalescents or other persons who are not acutely ill and not in need of hospital care but who require skilled nursing care and related medical services...
Page 182 - ... may determine. Moneys of the Corporation not required for current operations shall be deposited in the Treasury of the United States, or upon the approval of the Secretary of the Treasury, in any Federal Reserve bank, or shall be invested in obligations of, or guaranteed...
Page 182 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income, shall be exempt from all taxation 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, except that any real property of the Corporation shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
Page 44 - Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yields...
Page 332 - Section 207 (c) of the National Housing Act, as amended, is hereby amended (1) by striking out of clause "(i)
Page 210 - The objects of the association are to promote thrift by providing a convenient and safe method for people to save and Invest money and to provide for the sound and economical financing of homes; and.
Page 505 - ... (7) contain such terms and provisions with respect to insurance, repairs, alterations, payment of taxes, default reserves, delinquency charges, foreclosure proceedings, anticipation of maturity, additional and secondary liens, and other matters as the Administrator may in his discretion prescribe.