Evening star., 1946-12-15
Text Of Trunon HOUSING Plan
materials by financial aid when

materials by nnanclai ald When j
is warranted.
Surplus Property.
For the past few months sur.
plus property has been made avail.
able for housing purposes In In
creasing amounts. Building machin-
cry and building materials and sup.
plies will continue to 60 to home
builders. The demolition program
at old Army camps and other In
stallations, another useful source oi
materials, will also go forward
During the next few months, many
surplus buildings will be sold foi
use at other sites. am also ask
ing the War Assets administrator
to establish procedures that will
facilitate the sale OF land and
buildings together.
Export Controls.
Export controls on building ma
terials will be continued until thu
supply situation warrants their dis
continuance. For the present We
must limit the quantity of critical
materials that can be sent abroad
Rental Housing.
More family units must be made
available for rent to veterans. They
should not be compelled to buy In
order to get shelter. To increase
the proportion of rental units, we
intend to use all available means
new construction, conversion and
rehabilitation, and reuse. The
great bulk OF this task will fall
upon private enterprise. We are
aiding private enterprise by SIM
plifying and reducing various pri-
ority controls and by the measures
taken to increase availability Of ma
terials. We also plan number OF
financial measures that will en-
courage the construction of rental
housing.
Insured Mortgage Financing.
To provide assurance of contin-
ued insured mortgage financing to
builders who are planning rental
housing, I am making available to
the Federal Housing Administration
the second billion dollars of Title
VI insurance authorization provided
for in the Patman Act. This is to
be used primarily for rental hous-
ing. together with the largest pos
sible share Of the first billion dol
lars directly authorized by Con-
gress. Congress will be asked to
advance the termination date OF
Title WI insured financing author
ity at least for rental housing. fol
a period sufiicient to accomplish
this objective.
Assistance for Rental Projects.
The qualified FILA personnel freed
from duties involved in controls now
being removed or relaxed, win be
made available to help private spon.
sors plan rental projects and to ex-
pedite processing for insured financ-
ing commitments.
The FHA is simplifying proceed
ures and broadening eligibility
standards which will expand the
field OF its operation in rental hous.
ing. More types of rental housing
will now be eligible for FHA financ.
ing.
To remove uncertainty over ade.
quacy OF insured financing com.
mitments for rental projects. ths
FHA will develop 4 procedure fol
review and amendment of commit.
ments issued In advance Of con.
Struction.
To reduce monthly payments anc
to make possible lower rents the
FILA win extend the term of amorti.
,zation in its tile vi rental hous'
ing commitments beyond the usua
20 years. the amount OF extension
to be appropriate for the project
proposed,
To guard against the possibility
of lesser earnings of housing project.
after the emergency is met, the FHA
win work out with concurrence o1
lending institutions set Of regula.
tions permitting the adjusting Of
terms ut subsequent peri
ods in the life OF the project.
The National Housing Agency will
proceed at once to arrange regional
and local meetings of the building
industry, including lenders, to can.
vass rental needs and possibilities
in each area and to develop speedy
programs.
New Legislation.
Studies now under way with re.
spect to possible further aids anc
incentives to rental housing by act
OF Congress, in addition to previou.
proposals such as were contained II
the -Ellender- Taft bill, ar.
to be concluded quickly. They viii
cover the field of cooperative ane
mutual housing enterprises, yielt
insurance, possible tax incentives
possible financing advantages ant
Federally -aided housing for low in.
come groups.
Technical Research.
Technical research In new build
ing materials and new methods o.
residential construction must b'
continued. The development o1
modern building codes must be en-
couraged. The Federal Govern
ment will make its services avail
able to aid private industry ant
local governments in meeting thes'
objectives.
Cost Reduction.
Producing decent housing in guam
tity and at a cost consistent with
reasonable ability of the mass o
American families to pay is a funda
mental objective. All possible vast,
and inef1iciency must be removed
including unnecessary governmental
restrictions. AL possible ,adyantag
through adoption and adaptation o
new methods, techniques and ma