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ME. Los SUBCOMMITTEE OF THE
COMMITTEE ON BANKING AND CURRENCY.
UNITED STATES SENATE

EIGHTY-FIRST CONGRESS

SECOND SESSION

ON

SAND DIVISION

AMENDMENTS TO S. 2246, TO AMEND THE NATIONAL
HOUSING ACT, AS AMENDED, AND

FOR OTHER PURPOSES

JANUARY 12, 13, 16, 17, AND 18, 1950

Printed for the use of the Committee on Banking and Currency

50-60194

60838

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1950

COMMITTEE ON BANKING AND CURRENCY

BURNET R. MAYBANK, South Carolina, Chairman

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Bryant, Drayton S., housing consultant, on behalf of the Los Angeles
Housing Corporation.

227

Greene, Walter L., First Assistant Commissioner, Federal Housing
Administration___

Held, Harry, vice president, Bowery Savings Bank, New York, on
behalf of National Association of Mutual Savings Banks..........

Javits, Jacob K., a Representative in Congress from the State of New

York..

Karsten, Frank M., a Representative in Congress from the State of
Missouri

341

Krooth, David L., National Housing Conference, Inc.

170

Lockwood, Rodney M., president, National Association of Home
Builders__.

194

Monson, Donald, Schoolcraft Gardens, Detroit, Mich.

137

Reckman, William A., American Bankers Association__

254

282

281

American Social Workers National Public Social Policies Committee,
Philip Schiff, chairman: Statement_-_

287

Table: Distribution of section 608 veterans' projects by number of
rooms per unit__

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330

354

137

Statement of Mr. Reuther, educational director, UAW-CIO-
Schoolcraft Gardens brochure___.

138

147

National Retail Lumber Dealers Association, H. R. Northup, execu-
tive vice president: Letter to Senator Maybank_.

283

Thompson, John C., National Association of Real Estate Boards:
Present residential vacancy and comparison with 1939-

119

MIDDLE-INCOME HOUSING

THURSDAY, JANUARY 12, 1950

UNITED STATES SENATE,

SUBCOMMITTEE ON HOUSING AND RENTS

OF THE COMMITTEE ON BANKING AND CURRENCY,

Washington, D. C. The subcommittee met, pursuant to notice, at 11 o'clock a. m., in Room 301, Senate Office Building, Senator John J. Sparkman, presiding.

Present: Senators Sparkman, Maybank, Robertson, Douglas, Long, Cain, and Bricker.

Senator SPARKMAN. The subcommittee will come to order.

The purpose of these hearings is to consider certain pending amendments to S. 2246.

(The amendments referred to follow:)

[S. 2246, 81st Cong., 2d sess.]

AMENDMENTS Intended to be proposed by Mr. MAYBANK to the bill (S. 2246) to amend the National Housing Act, as amended, and for other purposes, viz, as follows:

1. By striking out the words "Housing Amendments of 1949" wherever they appear therein and inserting in lieu thereof the words "Housing Act of 1950"; 2. By striking out lines 22 through 25, inclusive, on page 63, all of pages 64 through 82, inclusive, and lines 1 through 15, inclusive, on page 83, and inserting in lieu thereof the following:

"SEC. 301. The purpose of this title is to provide a means whereby housing of sound standards of design, construction, livability, and size for adequate family life, in well-planned, integrated residential neighborhoods can be produced and made available for families of moderate income: (1) By furnishing technical and other assistance to cooperative ownership or other nonprofit corporations authorized to provide housing; (2) by making financial assistance available to such corporations for housing which is of such design and construction as will promote economies, both in construction and in operation and maintenance, which will be fully reflected in reduced rents or charges; and (3) by facilitating the investment of private capital in the development of such housing. The provisions of this title relating to encouraging and assisting nonprofit cooperative ownership housing corporations shall be administered in a manner which will encourage and assist (1) families of moderate income in acquiring (subject to the right of the cooperative to repurchase) ownership of their individual dwellings where such dwellings are free standing, and (2) the association of persons into such cooperatives who (by reason of their like interests, association together in other fields, or otherwise) will contribute to the sound integral character and success of such cooperatives, provide necessary leadership therein, involve democratic voting principles, and avoid any speculative use of such cooperatives.

"TECHNICAL AID TO COOPERATIVES

"SEC. 302. To assist in achieving the purposes of this title, the Administrator is authorized and directed to furnish technical advice and assistance in the organization of nonprofit cooperative ownership housing corporations and nonprofit corporations of the character described in section 315 (a) hereof, in the planning, financing, development, construction, acquisition, and operation and management

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