Alaskan Housing Legislation: Hearing Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-first Congress, First Session, on S. 851, a Bill Pertaining to Alaskan Housing Legislation

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Page 3 - An Act to expedite the provision of housing in connection with national defense, and for other purposes...
Page 2 - ... hereof shall terminate except with respect to contracts on projects previously entered into or undertaken and court proceedings then pending, and (b) property acquired or constructed under this Act shall be disposed of as promptly as may be advantageous under the circumstances and in the public interest.
Page 2 - Commissioner as to rents or sales, charges, capital structure, rate of return, and methods of operation...
Page 3 - To be eligible for insurance under this section a mortgage shall — "(1) have been made to, and be held by, a mortgagee approved by the Commissioner as responsible and able to service the mortgage properly; "(2) involve a principal obligation (including such initial service charges, appraisal, inspection, and other fees as the Commissioner shall approve) in an amount not to exceed...
Page 2 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States...
Page 3 - Administration, of any housing (including any property acquired, held, or constructed in connection with such housing or to serve the inhabitants thereof...
Page 2 - Funds obtained or held by the Administrator in connection with the performance of his functions under this Act shall be available for the administrative expenses of the Administrator in connection with the performance of such functions.
Page 3 - (5) Bear interest (exclusive of premium charges for insurance) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time...
Page 2 - Such notes or other obligations shall be in such forms and denominations, shall have such maturities, and...
Page 27 - Department lias been carrying out investigations of the extent and quality of these materials with a view to encouraging the establishment of a cement plant so that the price of this building material in Alaska may be substantially reduced. The Department is considering several alternative ways of encouraging industrial development in Alaska. The seriousness of the housing problem was indicated by the President when he said in his message of May 21, referred to previously : "The housing problem in...

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