4.S. Congress. House.

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

69408

APRIL 24, 25, 26, 27, 28, MAY 1, 2, 3, 4, AND 5, 1961

Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1961

COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chairman

H.R. 6028. A bill to assist in the provision of housing for moderate- and

low-income families, to promote orderly urban development, to extend

and amend laws relating to housing, urban renewal, and community

facilities, and for other purposes

H.R. 5300. A bill to amend title IV of the Housing Act of 1950 so as to

increase the amount of the authorization for loans under the college

housing program, and for other purposes

H.R. 6423. A bill to authorize the Housing and Home Finance Admin-

istrator to assist States and local public bodies to acquire land in urban

areas for preservation as open-space land or for planned future public or

private development, and for other purposes. -

Possible amendments to H.R. 6028, for consideration by the Subcommittee

on Housing.

Statement of—

Adair, Jack, chairman of the legislative committee, Mortgage Bankers

Association of America; accompanied by Brown L. Whatley, and

Samuel Neel, general counsel, Mortgage Bankers Association of

America

Arrington, John H., chief, Family Housing Division, Office of the

Assistant Secretary of Defense; accompanied by Andrew Mayer,

office of counsel, Department of Defense.

Battista, Vito P., representing the United Taxpayers Party, the
New York Council of Property Owners Associations, and New
York State Taxpayers Association

Baughman, J. Stanley, president, Federal National Mortgage Asso-

ciation..

Bergmann, Harry P., vice president, Riggs National Bank, appearing

on behalf of the American Bankers Association..

Bertsch, Howard, administrator, Farmers Home Administration,
U.S. Department of Agriculture

Bingham, Herbert J., Tennessee Municipal League, on behalf of the
American Municipal Association.....

Brinkman, Oscar, chairman, legislative committee, National Apart-
ment Owners Association, Inc..

Brown, R. Manning, Jr., vice president in charge of real estate mort-

gage loans, New York Life Insurance Co., in behalf of the American

Life Convention and Life Insurance Association of America; accom-

panied by Dr. J. J. O'Leary, director of economic research, Life

Insurance Association of America, and Ehney A. Camp, Jr., execu-

tive vice president, Liberty National Life Insurance Co., of

Birmingham

Burke, E. J., Jr., president, National Association of Home Builders;

accompanied by Leonard L. Frank, chairman, Government Affairs

Division, W. Evans Buchanan, chairman, legislative committee,

Joseph B. McGrath and Herbert S. Colton...

Campbell, Wallace J., director of public affairs, Nationwide Insurance

Co....

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485, 493

Clayman, Jacob, administrative director industrial union department,

AFL-CIO..

Connor, Hon. Edward, supervisor, Wayne County, Mich.; director,

National Association of County Officials

Davis, Stuart, president, First Savings & Loan Association, Oakland,

Calif.; accompanied by James F. Steiner, manager; S. Howard

Evans, community development specialist; and Harvey G. Hallen-

beck, Jr., assistant, construction and civil development department

of the national chamber, on behalf of the U.S. Chamber of Com-

merce.

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