Reports, letters, statements, etc.-Continued Page Myers, E. Ray, on behalf of the Mobilehome Dealers National Asso- 565 National Association of Home Builders, Earl W. Smith, president: Statement- 597 Brochure, Housing for the Aging- 602 Supplemental statement.. National Association of Housing and Redevelopment Officials: Resolution recommending relinquishment of farm labor centers__ 608 468 469 National Retail Lumber Dealers Association, H. R. Northrup, execu- 399 National Society of Professional Engineers, Paul H. Robbins, executive 398 Old Age Assistance Union of Illinois, Warren Lamson, president: 611 O'Grady, Msgr. John, secretary, National Conference of Catholic 528 O'Malley, J. J., chairman, legislation committee, National Savings 207 610 Ponder, Dan R., president, Wherry Housing Association: Letter to 124 Public Housing Administration: Replies to Mr. Waltemade's statement_ 345 Address by Mr. Slusser at Southwestern Regional Council, Na- 461 513 497 457 584 Stone, Donald C., president, Springfield College, Springfield, Mass: Turnage, R. L., mayor, Farmerville, La.: Letter to Senator Long-- 147 249 Vander Lugt, G. T., president, Central College: Letter to Senator 610 Waltemade, Henry G., president, National Association of Real 340 Williamson, John C., secretary-counsel, National Association of Letter to Senator Capehart_ 402 Letter to Senator Sparkman_ 402 Woodcock, B. O., contractors, Richmond, Va.: Telegram to Senator 623 Farm housing__ Home loan bank. Home repair and modernization_ 210, 212, 330, 342, 397, 490, 504 26, 67 58, 62, 211, 240, 320, 340, 496, 498, 531, 537, 566, 578, 579, 582, 586, 602 88, 119, 193, 311, 466, 492, 495, 503, 604, 605 Housing for minority groups.. 27, 33, 35, 61, 68, 80, 123, 178, 189, 190, 194, 200, 207, 226, 241, 323, 341, 395, Protection for home buyers. Protection of labor standards_ Public housing__ 549, 561, 562, 565 486, 511, 513 492 492 29, 71, 197, 211, 241, 311, 332, 344, 395, 436, 487, 495, 496, 498, 500, 524, 530, Public works. Slum clearance and urban renewal_ 32, 105, 127, 136, 137, 444, 602 69, 211, 310, 331, 343, 397, 398, 435, 436, 437, 441, 445, 454, 459, 489, 27, Wherry housing. (See Military housing.) VIII HOUSING ACT OF 1955 TUESDAY, MAY 10, 1955 UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, SUBCOMMITTEE ON HOUSING, Washington, D. C. The subcommittee met, pursuant to call, in room 301, Senate Office Building, at 10:05 a. m., Senator John Sparkman (chairman of the subcommittee) presiding. Present Senators Sparkman, Lehman, Capehart, Ives, and Payne. Also present: Dr. and Mrs. S. S. Nehru, of India. Senator SPARKMAN. Will the committee come to order. Today's hearing is the opening session of the hearings which we have scheduled on S. 1800, the administration's housing bill, and related bills now pending before the Housing Subcommittee. I may say that others may be introduced while the bill is under consideration. Undoubtedly amendments will occur to some as we go along. We hope to give consideration to all of them. The bills that are pending now are: S. 789, introduced by me and others, to continue authority for and increase funds authorized for loans and grants under Farmers' Home Administration; S. 1022, introduced by Senator Mundt, to set up an insurance program under Farmers' Home Administration; S. 1412, introduced by Senator Magnuson, and also a similar bill, S. 1642, introduced by me, to provide for occupancy of public housing projects by elderly persons of low income; S. 1501, introduced by Senator Capehart and others, providing for new title X of National Housing Act to supersede Wherry program; S. 1524, introduced by Senator Long and others, to create a Public Facilities Credit Corporation under HHFA to lend money for municipal public works; S. 1565, introduced by Senator Capehart and others, relating to smoke elimination and air pollution prevention; S. 1744, introduced by Senator Fulbright and me, to amend title IV of Housing Act of 1950. That is the college housing provision. S. 1766, introduced by Senator Magnuson, relating also to college housing, and S. 1800, which is the principal or central bill, together with a section by section analysis. Without objection, at this point in the record we will place the bills and a letter from the Comptroller General on S. 1501. 1 (The documents referred to follow :) [S. 789, 84th Cong., 1st sess.] A BILL To continue authority to make funds available for loans and grants under title V of the Housing Act of 1949, as amended Be in enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That title V of the Housing Act of 1949, as amended, is hereby amended as follows: (a) In the first sentence of section 511 immediately following the phrase "July 1, 1953" strike the word "and" and insert at the end of the sentence immediately before the period a comma and the following: "and an additional $100,000,000 on and after July 1, 1955". (b) In section 512, (i) strike "and 1954" and insert "1954 and 1955", and (ii) strike "and $2,000,000” and insert "$2,000,000 and $2,000,000". (c) In section 513, strike "and $10,000,000 on July 1 of each of the years 1950, 1951, 1952, 1953, and 1954" and insert "$10,000,000 and $10,000,0000 on July 1 of each of the years 1950, 1951, 1952, 1953, 1954, and 1955". [S. 1022, 84th Cong., 1st sess.] A BILL To amend Title V of the Housing Act of 1949, as amended, and to provide for the insurance of loans thereunder Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That Title V of the Housing Act of 1949, as amended, is hereby further amended as follows: Section 501 (a) is amended by inserting after the words "Farmers Home Administration" the phrase "and to insure loans". Section 501 (b) is amended to read as follows: "For the purposes of this title the term 'farm' means a parcel or parcels of land operated as a single unit by a person the preponderance of whose time is devoted to operating the farm and who receives the preponderance of his income from its operation." Section 502 (a) is amended by striking out "4 per centum" and inserting in lieu thereof "5 per centum". Section 502 is further amended by adding the following new subparagraph (c): "(e) (i) The Secretary is authorized to insure and make commitments to insure loans made to eligible applicants for the purposes specified in this title and to take as security for the obligations entered into in connection with such loans first or second mortgages on the farms with respect to which such loans are made and such other security as may be required by the Secretary. Such mortgages shall create a lien running to the United States for the benefit of the insurance fund, notwithstanding the fact that the note may be held by the lender or his assignee. Loans insured under this section shall be on such terms and conditions as the Secretary may prescribe, including agreement by the Secretary to repurchase such loans whether or not in default upon such terms and conditions as the Secretary shall prescribe. The Secretary shall require the borrower to pay such insurance charges as he deems proper, taking into account the amount of the loan and any prior liens: Provided, however, That the charge shall be payable in advance at intervals of one year or less and shall be at a rate equal to at least 1 per centum of the principal outstanding on the loans on any due date of the charge. One-half of all insurance charges shall become a part of the fund and one-half shall be deposited in the Treasury of the United States and shall be available for administrative expenses in connection with the insurance of loans. "(ii) The Secretary shall utilize the insurance fund created by section 11 of the Bankhead-Jones Farm Tenant Act, as amended, and the provisions of section 13 (b) and (c) of said Act in connection with loans insured under this section. The notes and security therefor acquired by the Secretary shall become a part of the fund. The notes may be held in the fund and collected according to their terms or may be sold and, if necessary, reinsured. All proceeds from such collections, including the liquidation of security and the sale of notes, shall become a part of the fund. "(iii) The Secretary may utilize the fund for the payment of taxes, insurance, prior liens, foreclosure expenses, and any other expenses incident to actions authorized by section 510 (d) and (e) of this title. "(iv) Any loan insured under this section shall be an obligation guaranteed by the United States as to principal and interest and the insurance agreement shall be incontestable, except for fraud or misrepresentation of which the holder has actual knowledge. "(v) The aggregate amount of principal obligations on loans insured under this section shall not exceed $ in any one fiscal year." Section 511 of the Act is further amended to read as follows: "There is authorized to be appropriated for the purposes of this title such sums as the Congress may from time to time determine, and the sums authorized for loans by the Secretary shall be borrowed from the Secretary of the Treasury in accordance with the provisions under the head 'Loan Authorizations' in the Farmers Home Administration item in the Department of Agriculture Appropriation Act, 1952, and the provisions of said head are amended to include loans authorized under this title." SEC. 2. No new loan shall be made under section 503 and no new loans or grants shall be made under section 504 of the Housing Act of 1949 after date of the enactment of this Act. [S. 1412, 84th Cong., 1st sess.] A BILL To authorize the Public Housing Commissioner to enter into agreements with local public housing authorities for the admission of elderly widows, widowers, or a single person to federally assisted low-rent housing projects Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 15 of the United States Housing Act of 1937 (42 U. S. C., sec. 1415) is amended by adding at the end thereof the following new subsection: "(10) The Commissioner shall include such provisions in contracts made pursuant to this act after the date of enactment of this subsection, and he shall negotiate with the public housing agencies involved such modifications of previously existing contracts, as may be necessary (A) a widow, a widower, or a single person, sixty years of age or over, whose income does not exceed applicable income limits, to be admitted to any low-rent housing project, and to live alone if they desire, in any case where a duly authorized official of the public housing authority involved determines that such admission will not prevent or delay the admission of any eligible family to the project, and (B) to provide, for persons so admitted, the same conditions for continued occupancy as apply with respect to family tenants." [S. 1501, 84th Cong., 1st sess.] Intended to be proposed by Mr. Capehart to the bill (S. 1501) to amend the National Housing Act by adding a new title thereto providing additional authority for insurance of loans made for the construction of urgently needed housing for military personnel of the armed services, viz: On page 13, line 23, insert "(a)" after the words "SEC. 1015.". On page 14, because lines 2 and 3, insert a new subsection as follows: "(b) Section 212 (a) of the National Housing Act, as amended, is hereby amended by striking ‘or under section 908 of Title IX' and inserting 'or under section 908 of Title IX, or under Title X'.". [S. 1501, 84th Cong., 1st sess.] A BILL To amend the National Housing Act by adding a new title thereto providing additional authority for insurance of loans made for the construction of urgently needed housing for military personnel of the armed services Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Armed Services Housing Insurance Act of 1955." SEC. 2. The National Housing Act, as amended, is amended by adding at the end thereof a new title as follows: |