Housing Act of 1958: Hearings Before the Subcommittee on Housing of ... , 85-2, July 7 ... 18, 19581958 - 758 pages |
From inside the book
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Page 15
... reason why legislation is necessary is to permit federally chartered savings and loan associations to participate in a self - insur- ance scheme along with other savings and loan institutions . However , not 1 of the 5 versions is so ...
... reason why legislation is necessary is to permit federally chartered savings and loan associations to participate in a self - insur- ance scheme along with other savings and loan institutions . However , not 1 of the 5 versions is so ...
Page 40
... reason for this increase has been amend- ments to the Federal law which either reduced project income or in- creased Federal obligation . We feel duty bound to advise you that further increase in Federal financial responsibility may ...
... reason for this increase has been amend- ments to the Federal law which either reduced project income or in- creased Federal obligation . We feel duty bound to advise you that further increase in Federal financial responsibility may ...
Page 42
... reason- able terms to carry out the purposes of the law . Under the college housing program , the Agency borrows money from the Treasury and lends it to colleges and universities to finance their housing . In doing so , we operate on ...
... reason- able terms to carry out the purposes of the law . Under the college housing program , the Agency borrows money from the Treasury and lends it to colleges and universities to finance their housing . In doing so , we operate on ...
Page 47
... reasons , Mr. Chairman , for that . No. 1 , when you go into a sales - type cooperative , you have to organize a ... reason ? Mr. COLE . Well , Mr. Chairman , they would not be under the plan , either by statute or , if the statute ...
... reasons , Mr. Chairman , for that . No. 1 , when you go into a sales - type cooperative , you have to organize a ... reason ? Mr. COLE . Well , Mr. Chairman , they would not be under the plan , either by statute or , if the statute ...
Page 48
... reason they would not participate is that they would not join the home - loan bank system and if there were an attempt by the statute or otherwise , by regulation , to permit them to take advantage of the system without joining the home ...
... reason they would not participate is that they would not join the home - loan bank system and if there were an attempt by the statute or otherwise , by regulation , to permit them to take advantage of the system without joining the home ...
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.