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actual additional Administration advances agency amended amount application areas assistance Association authority average banks basis believe bill BOLLING builders building capital CHAIRMAN charges clearance COLE committee Congress construction contract cost court DEANE determine effect existing fact families Federal financing follows funds further future advances give going Government Housing Act improvements income increase interest King legislation lien limit loans MASON maximum McDonough mean million mortgage MULTER necessary notice O'HARA objective operation PATMAN percent possible present President problem proposed public housing purchase question reason recommendation record redevelopment rehabilitation REILLY respect rule savings secure situation slum statement subsequent thing tion understand units urban renewal veteran
Page 16 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 557 - ... a decent home in a suitable living environment for every American family.
Page 17 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 13 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding...
Page 14 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 28 - An act to expedite the provision of housing in connection with national defense, and for other purposes," approved October 14, 1940, as amended, is amended by striking out "$1,200,000,000" and inserting in lieu thereof "$1,600,000,000.
Page 5 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 14 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the corporation.