Federal Laws: Urban Renewal: Excerpts from Housing Act of 1949 and Related Laws, as Amended Through June 30, 1961 |
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Page 27
... institution or a hospital is located in or near an urban renewal project area and the governing body of the locality determines that , in addition to the elimination of slums and blight from such area , the undertaking of an urban ...
... institution or a hospital is located in or near an urban renewal project area and the governing body of the locality determines that , in addition to the elimination of slums and blight from such area , the undertaking of an urban ...
Page 28
... institution or hospital from a local public agency which , in connection with its acquisiton or disposition of such property , has received , or contracted to receive , a capital grant pursuant to this title . ( b ) No expenditure made ...
... institution or hospital from a local public agency which , in connection with its acquisiton or disposition of such property , has received , or contracted to receive , a capital grant pursuant to this title . ( b ) No expenditure made ...
Page 38
... institutions on and after the date of enactment of the Housing Act of 1961. As used in this subsection , " home ... institution " means a lender approved by the Commissioner as eligible for insurance under section 2 or a mortgagee ...
... institutions on and after the date of enactment of the Housing Act of 1961. As used in this subsection , " home ... institution " means a lender approved by the Commissioner as eligible for insurance under section 2 or a mortgagee ...
Page 39
... institution either in cash or in debentures ( at par plus accrued interest ) issued by the Commissioner as obligations of the Section 220 Home Improvement Account , in such manner as may be prescribed by the Commissioner , and the ...
... institution either in cash or in debentures ( at par plus accrued interest ) issued by the Commissioner as obligations of the Section 220 Home Improvement Account , in such manner as may be prescribed by the Commissioner , and the ...
Page 40
... institution for the account of the borrower all , or such portions as he shall determine to be equitable , of the current unearned premium charges theretofore paid . ( 6 ) In cases of defaults on loans insured under this subsection ...
... institution for the account of the borrower all , or such portions as he shall determine to be equitable , of the current unearned premium charges theretofore paid . ( 6 ) In cases of defaults on loans insured under this subsection ...
Common terms and phrases
221 Housing Insurance 68 Stat 73 Stat 83d Congress 84th Congress acquired acquisition added by sec amended amount annual contributions applicable approved August approved June 30 approved September 23 Area Redevelopment Act authorized capital grant centum Commissioner construction contract for capital debentures determined exceed Federal Housing Administration financial assistance going Federal rate governing body grants-in-aid Home Finance Administrator Home Finance Agency Housing and Home Housing Insurance Fund interest land limitations loan or capital local public agency low-rent housing project ment mortgage insurance mortgagor National Housing Act organization certificate paragraph predominantly residential prescribe prior project area property or project Provided further public agency public body public housing agency Public Law 1020 Public Law 560 purchase read as follows read as set real property redevelopment plan repair and rehabilitation requirements respect Section 220 Section 221 Housing sentence term thereof tion undertaking urban renewal area urban renewal plan urban renewal project
Popular passages
Page 37 - (5) Bear interest (exclusive of premium charges for insurance, and service charges if any) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time, or not to exceed such per centum per annum not in excess of 6 per centum as the Secretary finds necessary to meet the mortgage market.
Page 40 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Page 33 - Except as may be otherwise expressly provided in this Act, all powers and authorities conferred by this Act shall be cumulative and additional to and not in derogation of any powers and authorities otherwise existing.
Page 45 - There is hereby authorized to be appropriated from time to time, out of any money in the Treasury not otherwise appropriated, such amounts as may be necessary to carry out the provisions and accomplish the purposes of this Act.
Page 14 - State or local laws of the inhabitants on such property ; (3) enter into agreements to pay annual sums in lieu of taxes to any State or local taxing authority with respect to any real property so acquired or owned ; (4) sell or exchange at public or private sale, or lease, real or personal property, and sell or exchange any securities or obligations...
Page 13 - ... decent, safe and sanitary dwellings. The housing, so far as practicable, shall be in areas not generally less desirable in regard to public utilities, public and commercial facilities...
Page 55 - SEC. 3. For the purpose of this Act, a small business concern shall be deemed to be one which is independently owned and operated and which is not dominant in its field of operation. In addition to the foregoing criteria the Administrator, in making a detailed definition, may use these criteria, among others. Number of employees and dollar volume of business.
Page 57 - Act, as amended, is amended — (1) by striking out the period at the end of "paragraph (5)" and inserting in lieu thereof " ; and" ; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist any small business concern...
Page 9 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 58 - Treasury which shall be not more than the higher of (1) 2% per centum per annum, or (2) the average annual interest rate on all interest-bearing obligations of the United States then forming a part of the public debt as computed at the end of the fiscal year next preceding the issuance by the Commissioner and adjusted to the nearest one-eighth of 1 per centum.