HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE

EIGHTY-NINTH CONGRESS

FIRST SESSION

ON

S. 1354

AND OTHER PENDING BILLS TO AMEND THE FEDERAL
HOUSING LAWS

5-121

MARCH 29, 30, 31, APRIL 1, 2, 5, 6, 7, 8, AND 9, 1965

Printed for the use of the
Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1965

CONTENTS

BILLS AND AGENCY REPORTS

Page

Report of Housing and Home Finance Agency.

Report of Housing and Home Finance Agency.

Report of Housing and Home Finance Agency-

8.946.

Lot of bills pending before the Housing Subcommittee__

8.506...

S. 519...

8.644.

8712..

8.786.

Report of-

Comptroller General of the United States-

Housing and Home Finance Agency.

Treasury Department. (See S. 1354.)

Report of Housing and Home Finance Agency.

8.1182....

Report of-

$11-3..

Comptroller General of the United States..

Housing and Home Finance Agency.

Report of-

818

819

820

821

823

824

Report of Comptroller General of the United States-

850

852

855

856

862

862

864

865

866

871

870

872

Comptroller General of the United States.

Housing and Home Finance Agency.

Treasury Department. (See S. 1354.)

874

874

$ 1992

875

885, 965

WITNESSES

MONDAY, MARCH 29

Robert C. Weaver, Administrator, Housing and Home Finance Agency,

accompanied by Milton P. Semer, Deputy Administrator and General

Counsel, Housing and Home Finance Agency; Philip N. Brownstein,

Commissioner, Federal Housing Administration; Joseph L. Burstein,

Chief Counsel, Public Housing Administration; J. Stanley Baughman,

President, Federal National Mortgage Association; Richard Still,

Deputy Commissioner, Community Facilities Administration; and

William L. Slayton, Commissioner, Urban Renewal Administration..

TUESDAY, MARCH 30

Thomas C. Mann, Under Secretary of State for Economic Affairs, accom-

panied by David H. Ernst, Bureau of Economic Affairs, Department of

State...

Howard Bertsch, Administrator, Farmers Home Administration, accom-

panied by Julian Brown, Assistant Administrator for Real Estate Loans;

L. D. Malotky, Director of Rural Housing; and Howard V. Campbell,

Director, Office of General Counsel...

Philip N. Brownstein, Commissioner, Federal Housing Administration;

Joseph L. Burstein, Acting Commissioner, Public Housing Administra-

tion; J. Stanley Baughman, President, Federal National Mortgage

Association; Richard L. Still, Acting Commissioner, Community

Facilities Administration; and William L. Slayton, Commissioner,

Urban Renewal Administration__

WEDNESDAY, MARCH 31

Ehney A. Camp, Jr., executive vice president, Liberty National Life

Insurance Co., Birmingham, Ala., for Life Insurance Association of

America and American Life Convention, accompanied by Proctor H.

Barnett, senior vice president, Prudential Insurance Co. of America, and

Dr. James J. O'Leary, vice president and director of Economic Research

Life Insurance Association of America__

Nathaniel Keith, president, National Housing Conference-

Andrew I. Hickey, Jr., Special Assistant to Commissioner, Urban Renewal

Administration, Housing and Home Finance Agency.

John H. Haas, executive vice president, General Improvement Contractors

Association _ _ _

Page

3

131

138

166

210

239

266

274

291

Rev. Howard W. Washburn, consultant on aging, Methodist Board of

Homes and Hospitals__.

297

Rev. Lawrence Upton, Chairman, Housing Liaison Committee, National

Council on the Aging, accompanied by Miss Beverly Diamond, housing

consultant for National Council on the Aging-

THURSDAY, APRIL 1

Ira S. Robbins, president, National Association of Housing & Redevelop-

ment Officials, accompanied by Robert B. Pease, vice president and

executive director, Pittsburgh Redevelopment Authority, and John B.

Lange, executive director, National Association of Housing & Rede-

velopment Officials____

Philip C. Jackson, Jr., vice president, Jackson Securities & Investment

Co., Birmingham, Ala., on behalf of Mortgage Bankers Association of

America, accompanied by Samuel E. Neel, general counsel, and Graham

T. Northup, director of Government relations..

Harry P. Bergman, senior vice president, Riggs National Bank, Wash-

ington, D.C., accompanied by S. Ross Greenwood, vice president,

Temple National Bank, Temple, Tex., and Kurt F. Flexner, deputy

manager, American Bankers Association___

301

354

372

George McLain, chairman, California League of Senior Citizens; president,

the Senior Citizens Village, Fresno, Calif.; and member, Citizens'

Advisory Committee, State of California..

382