Housing Act of 1961: Hearings Before the Subcommittee on Housing of the Committee on Banking and Currency, House of Representatives, Eighty-seventh Congress, First Session, on H.R. 6028, H.R. 5300, and H.R. 6423 ...

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U.S. Government Printing Office, 1961 - 885 lappuses
Considers legislation to authorize Federal aid to moderate, low-income, elderly, and college housing, and to urban renewal projects to upgrade existing housing.

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324. lappuse - ... a decent home and, suitable living environment for every American family, thus contributing to the development and redevelopment of communities and to the advancement of the growth, wealth and security of the Nation.
452. lappuse - The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement; and who at the worst, if he fails, at least fails while daring greatly; so that his place shall never be with those cold and timid souls who know neither victory nor defeat.
16. lappuse - Act is amended — (1) by striking out "and" at the end of paragraph (1) ; (2) by striking out the period at the end of paragraph (2) and inserting In lieu thereof
452. lappuse - In the battle of life it is not the critic who counts. Not the man who points out how the strong man stumbled or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood...
38. lappuse - Act is amended by inserting immediately before the period at the end thereof the following : "or as grazing land".
30. lappuse - first mortgage" means such classes of first liens as are commonly given to secure advances (including but not limited to advances during construction) on, or the unpaid purchase price of, real estate under the laws of the State in which the real estate is located, together with the credit...
41. lappuse - 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...
14. lappuse - ... (1) The mortgaged property shall be held by a mortgagor approved by the Commissioner. The Commissioner may, in his discretion, require such mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation.
3. lappuse - 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.
32. lappuse - ... (d) Any contract of insurance heretofore or hereafter executed by the Administrator under this title shall be conclusive evidence of the eligibility of the mortgage for insurance, and the validity of any contract of insurance so executed shall be incontestable in the hands of an approved mortgagee from the date of the execution of such contract, except for fraud or misrepresentation on the part of such approved mortgagee.

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