To provide for the conveyance of certain property under the jurisdiction of the Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstand- Louisiana. ing the provisions of any other law, the Housing and Home Finance Conveyance. Administrator shall convey to the State of Louisiana all right, title, and interest of the United States in and to the projects identified as LA-16011 and LA-16012, constructed under the provisions of the Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended (42 U. S. C., sec. 1521, and the following), on real 54 Stat. 1125. property constituting a part of the grounds of the Central Louisiana Hospital for the Insane leased from the State of Louisiana. Such conveyance is to be made in consideration of the payment of $300,000 by the State of Louisiana in three equal annual installments. SEC. 2. The provisions of this Act shall be effective only if the first Effectivity. installment is paid within six months after the date of approval of this Act. Approved August 4, 1955. To authorize the conveyance of certain war housing projects to the city of Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstand- Norfolk, Va. ing any other provision of law, the Housing and Home Finance Conveyance. Administrator is authorized to sell and convey at fair market value as determined by him on the basis of an appraisal made by an independent real estate expert to the city of Norfolk, Virginia, or to the Norfolk Redevelopment and Housing Authority, or to any agency or corporation established or sponsored in the public interest by such city, all of the right, title, and interest of the United States in and to War Housing Project VA-44075 and War Housing Project VA-44184, or either of them. Any sale pursuant to this authorization shall be on such terms and conditions as the Administrator shall determine, and the amount received for each project shall be reported by the Administrator to the Committee on Banking and Currency of the Senate and the Committee on Banking and Currency of the House of Representatives. SEC. 2. The authority conferred by this Act shall terminate six Termination. months after the date of its enactment. Approved August 9, 1955. To provide for the sale of certain war housing projects to the Housing Authority of Beaver County, Pennsylvania, for use in providing rental housing for persons of limited income. Sale of war Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwith- Housing Authorstanding the provisions of any other law (but subject to sections 2 ity of Beaver and 4 of this Act), the Housing and Home Finance Administrator County, Pa. is authorized and directed to sell and convey to the Housing Au- housing prothority of the County of Beaver, Borough Township, Pennsylvania, Jeots. at fair market value as determined by him, on the basis of an ap- 69 Stat. 621. praisal by an independent real estate expert, for use in providing 69 Stat. 622. rental housing for persons of limited income, all right, title, and interest of the United States (including, in addition to dwellings, any off-site easements and any structures, appurtenances, and other property, real or personal, acquired for such dwellings or held in connection therewith) in and to the following war housing projects: (1) PA-36053, known as Tamaqui Village, containing one hundred and twenty-five dwelling units on approximately nine and seventeen one-hundredths acres of land in Borough Township, Pennsylvania; (2) PA-36055, known as Pulaski Homes, containing one hundred dwelling units on approximately twenty-two and thirty-seven onehundredths acres of land in Pulaski Township, Pennsylvania; (3) PA-36057, known as Lacock Dwellings, containing seventyfive dwelling units on approximately twelve and twenty-six one-hundredths acres of land in East Rochester, Pennsylvania; (4) PA-36058, known as Mount Vernon Homes, containing fifty dwelling units on approximately seven acres of land in Aliquippa, and Hopewell Township, Pennsylvania; (5) PA-36059, known as Stephen Phillips Homes, containing one hundred dwelling units on approximately thirteen and seven onehundredths acres of land in Monaca, Pennsylvania; (6) PA-36301, known as Van Buren Homes, containing four hundred dwelling units on approximately fifty-seven and eighty-five onehundredths acres of land in Borough Township, Pennsylvania; and (7) PA-36449 (PA-36052-60), known as Midland Heights, containing two hundred eighty dwellings on approximately one hundred sixteen and twenty-eight one-hundredths acres of land in Midland, Pennsylvania. SEC. 2. Notwithstanding the first section of this Act, no war housing project shall be sold as provided in such section until it has been offered by the Housing and Home Finance Administrator to a duly organized mutual ownership or cooperative organization, in the manner and under the terms and conditions customarily provided for in the case of offers of war housing projects for sale to such organizations, and such offer has not been accepted within a reasonable period as determined by the Administrator (but not exceeding one hundred and twenty days). SEC. 3. Any sale of a war housing project by the Housing and Home Finance Administrator under the first section of this Act shall be made on such terms and conditions as the Administrator shall determine; except that full payment to the United States shall be required within a period of not more than thirty years, with interest on the unpaid balance at a rate not exceeding 5 per centum per annum. SEC. 4. The Housing and Home Finance Administrator shall not sell any war housing project under the first section of this Act until 69 Stat. 622. 69 Stat. 623. Report to he has received from the Attorney General of the Commonwealth of Pennsylvania an opinion to the effect that the Housing Authority of the County of Beaver has legal authority to acquire, pay for, and operate such project as a rental housing project for persons of limited income. SEC. 5. On the first day of the sixth month following the month in which this Act is enacted, or on December 1, 1955, whichever is later, this Act shall cease to apply to any war housing project listed in the frst section of this Act which has not theretofore been sold under such section or with respect to which a commitment to sell under such section has not been made, and provided that the amount obtained for such project shall be reported to the Banking and Currency Committees of the Senate and House of Representatives. Approved August 9, 1955. To extend and clarify laws relating to the provision and improvement of housing, the elimination and prevention of slums, the conservation and development of urban communities, the financing of vitally needed public works, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may Housing Amendbe cited as the "Housing Amendments of 1955". TITLE I-GENERAL HOUSING AMENDMENTS HOME IMPROVEMENT LOANS ments of 1955. SEC. 101. Section 2 (a) of the National Housing Act, as amended, Ante, p. 225. is hereby amended by striking "August 1, 1955" and inserting "September 30, 1956". MORTGAGE INSURANCE SEC. 102. (a) Section 204 (f) of said Act, as amended, is hereby 48 Stat. 1250. amended by adding the following paragraph at the end thereof: "Notwithstanding any other provisions of this section, the Commissioner is authorized, with respect to mortgages insured pursuant to commitments for insurance issued after the date of enactment of the Housing Amendments of 1955, and, with the consent of the mortgagee or mortgagor, as the case may be, with respect to mortgages insured pursuant to commitments issued prior to such date, to effect the settlement of certificates of claim and refunds to mortgagors at any time after the sale or transfer of title to the property conveyed to the Commissioner under this section and without awaiting the final liquidation of such property for the purpose of determining the net amount to be realized therefrom." 12 USC 1710. (b) Section 207 of said Act, as amended, is hereby amended as 12 USC 1713. follows: (1) In subsection (a) (1) (B), after the words "residential use", insert "or upon which there is located or to be constructed facilities for trailer coach mobile dwellings"; (2) In subsection (a) (6), before the period, insert the following: "or space in a trailer court or park properly arranged and equipped to accommodate trailer coach mobile dwellings"; (3) In the first proviso of subsection (c) (2), after the words "of this section", insert "or a mortgage on a trailer court or park"; (4) Before the colon immediately preceding the proviso in subsection (c) (3), insert "or not to exceed $1,000 per space or $300,000 per mortgage for trailer courts or parks"; and (5) In the last sentence of subsection (c), after the word "project", insert "may include eight or more family units and". (c) Sections 207 (c) (1), 213 (b) (1), 213 (c), 220 (d) (3) (B), 68 Stat. 596, and 221 (d) (3) of said Act, as amended, are hereby amended by strik- 599. ing out "$5,000,000" and inserting in lieu thereof "$12,500,000". 12 USC 1715e, (d) Section 213 (b) (2) of said Act, as amended, is amended by 1715k, 17151. striking out "the estimated value" both times it appears and inserting in lieu thereof "the amount which the Commissioner estimates will be the replacement cost". (e) Section 213 of said Act, as amended, is hereby amended by adding, in the last sentence of subsection (d), after the words "subsection (a) of this section", the words "may include eight or more family units and". |