Housing Amendments of 1949: Hearing Before the Committee on Banking and Currency |
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Common terms and phrases
4-percent amended American Legion amortization amount appraisal areas average banks believe bill builders building CHAIRMAN COLE Commissioner committee Congress Congressman construction cooperative housing corporation cost direct loans dwelling DYAS families Fannie Mae Federal Government Federal Housing Administration Federal National Mortgage FERGUSON FOLEY funds going guaranteed Home Finance Agency home loans home owners Housing and Home Housing Authority housing cooperatives housing program housing project income increase interest rate KROOTH KUNKEL Lanham Act legislation lenders lending institutions Lustron maximum MCKINNON ment MONRONEY month MULTER mutual home ownership National Housing Act nonprofit operation PATMAN percent period present President private financing problem proposed public housing purchase question Reconstruction Finance Corporation referred rent rental housing savings secondary market section 213 Servicemen's Readjustment Act statement STRANDLUND TALLE taxes tenants tion units VA loans veterans WESTBROOK
Popular passages
Page 25 - Treasury is authorized and directed to purchase any notes and other obligations 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...
Page 18 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 20 - In the performance of, and with respect to, the functions, powers, and duties...
Page 145 - ... the production of housing of sound standards of design, construction, livability, and size for adequate family life...
Page 20 - There are hereby authorized to be appropriated, out of any moneys in the Treasury not otherwise appropriated, such sums as may be necessary to carry out the provisions of this Act.
Page 27 - A loan secured by real estate within the meaning of this section shall be in the form of an obligation or obligations secured by...
Page 371 - I am appearing as a member and representative of the committee on relationships of higher education to the Federal Government of the American Council on Education.
Page 27 - mortgage' means a first mortgage on real estate, In fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable; or (2) under a lease having a period of not less than fifty years to run from the date the mortgage was executed; and the term 'first mortgage...
Page 27 - Congress that if any provisions of this Act, or the application thereof to any persons or circumstances, shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act or its applications to other persons and circumstances...
Page 168 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligations.