Bell, Hon. John J. (telegrams)—Continued Dallas Rupe & Son, Inc., investment bankers, Dallas, Tex_- Dittmar & Co., investment bankers, Dallas, Tex- Dittmar & Co., San Antonio, Tex- Henry-Seay & Co., Dallas, Tex.. James C. Tucker & Co., investment bankers, Austin, Tex.. Judson S. James & Co., Dallas, Tex. 624 626 Kocurek, Louis J., San Antonio, Tex... Moore, Wilmer L., and J. Ervin Shilg, Dallas, Tex.. Pierce, Chas. C., Dallas, Tex...- Dallas, Tex.. Housing Authority of Jacksonville, letter of June 1, 1955_ 612 Chamber of Commerce of the United States: Exhibits 1-15. Newspaper articles submitted to the committee_ 467 Letter of June 10, 1955, to Hon. Brent Spence, answering ques- tions by Committee members. 461 Letter of June 6, 1955, to Hon. Brent Spence (enclosures). Proposed amendments to Federal housing legislation.. 170-172 Farmers Home Administration: Bureau of the Budget statement in answer to questions by Con- Insured farm ownership loans under title I of the Bankhead-Jones Number and amounts of applications and number and amounts of loans made during the 1953 and 1954 fiscal years under title 135 136 Possibility of loss to the Government from foreclosure by prior 141 Telegram from Los Angeles, signed by L. H. Empey, Ralph E. Phillips, Francis Moulton, Joseph L. Ryans, William S. Home Loan Bank Board: Letter of June 3, 1955, in re "Proposed provision to allow Federal 83 Total outstanding investment in low-rent programs 59 McDonough, Hon. Gordon L.: Report of Samuel Leask, Jr., Los Angeles City Administrator, on 467 Letter of June 7, 1955, answering questions by Congressman Appendix B. Results of a survey (March-April 1955) on enforced and voluntary demolition of unfit properties_ Appendix C. The Build America Better Council, memorandum of May 2, 1955, to Realtors Washington Committee_ Appendix E. Distribution of family personal income in 1950 dollars for families and unattached individuals before Federal Appendix F. Change in the number of families, by income class, 402 Appendix G. Distribution of income after Federal taxes for families and unattached individuals (1950 dollars) Appendix J. Number of ineligible (overincome) tenants in low- Additional data submitted to the committee by-Continued National Association of Real Estate Boards-Continued Department of Public Welfare, Public Assistance Division, Letter of June 10, 1955, to Hon. Martha W. Griffiths, signed by 428 Attachment I. Housing for families of middle income_. O'Hara, Hon. Barratt: Proposed amendments to H. R. 5827. Communications received re H. R. 3919 and similar bills. Reuther, Walter P., President, Congress of Industrial Organizations, United States Conference of Mayors, resolution adopted May 21, 1955, slum clearance, redevelopment, and urban renewal United States Savings and Loan League: 603 407 568 204, 206 200 HOUSING AMENDMENTS OF 1955 MONDAY, MAY 23, 1955 HOUSE OF REPRESENTATIVES, COMMITTEE ON BANKING AND CURRENCY, Washington, D. C. The committee met at 10 a. m., Hon. Brent Spence, chairman, presiding. Present: Chairman Spence (presiding), and Messrs. Brown, Patman, Rains, Multer, O'Hara, Mrs. Griffiths, Vanik, Bell, Wolcott, Talle, Kilburn, McDonough, Betts, McVey, Hiestand, and Nicholson. The CHAIRMAN. The committee will be in order. We are met this morning to take up H. R. 5827. (The bill is as follows:) [H. R. 5827, 84th Cong., 1st sess.] A BILL To extend and clarify laws relating to the provision and improvement of housing, the elimination and prevention of slums, and the conservation and development of urban communties 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 "Housing Amendments of 1955". FEDERAL HOUSING ADMINISTRATION SEC. 2. Section 2 (a) of the National Housing Act, as amended, is hereby amended by striking "July 1, 1955" and inserting "July 1, 1960". SEC. 3. Section 203 (i) of said Act, as amended, is hereby amended by striking ", the total amount of insurance outstanding at any one time under this proviso not to exceed $100,000,000". SEC. 4. Section 204 (f) of said Act, as amended, is hereby 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 on or after July 1, 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." SEC. 5. Said Act, as amended, is hereby amended (1) by striking clause 1 of section 207 (c) and inserting: "(1) not to exceed $12,500,000 with respect to any one mortgage instrument and such that the aggregate amount of any commitment or commitments issued and outstanding under this section at any time with respect to a project or projects in the same housing market area and involving the same mortgagor (or mortgagors under substantially the same control, as determined by the Commissioner) shall not exceed $12,500,000, or, if the mortgage is executed by a mortgagor coming within the provisions of clause (b) (1) of this section, such dollar limit with respect to any one mortgage instrument and with respect to the aggregate amount of such commitments shall be $50,000,000 ;"; 1 |