§ 1591a. Construction by private enterprise
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/usc/title-42/section-1591aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In order to assure that private enterprise shall be afforded full opportunity to provide the defense housing needed wherever possible, in any area which the President, pursuant to the authority contained in section 1591 of this title, has declared to be a critical defense housing area—
(a)Publication of number of units needed first, the number of permanent dwelling units (including information as to types, rentals, and general locations) needed for defense workers and military personnel in such critical defense housing area shall be publicly announced and printed in the Federal Register by the Secretary of Housing and Urban Development;
(b)Suspension of credit restrictions second, residential credit restrictions under the Defense Production Act of 1950, as amended [50 U.S.C. 4501 et seq.],
(1)as to housing to be sold at $12,000 or less per unit or to be rented at $85 or less per unit per month, shall be suspended with respect to the number and types of housing units at the sales prices or rentals which the President determines to be needed in such area for defense workers or military personnel, and
(2)as to all other housing, shall be relaxed in such manner and to such extent as the President determines to be necessary and appropriate to obtain the production of such housing needed in such area for defense workers or military personnel;
(c)Mortgage insurance third, the mortgage insurance aids provided under title II of this Act shall be made available to obtain the production of housing needed in such area for defense workers or military personnel; and
(d)Construction by Government as conditional fourth, no permanent housing shall be constructed by the Federal Government under the provisions of subchapter IX of this chapter except to the extent that private builders or eligible mortgagees have not, within a period of not less than ninety days (as the Secretary of Housing and Urban Development shall specify) following public announcement of the availability of such mortgage insurance aids under title II of this Act, indicated through bona fide applications (which meet the requirements as to types, rentals, or sales prices, and general locations) for exceptions from such residential credit restrictions or for mortgage insurance or guaranty that they will provide the housing determined to be needed in such area for defense workers and military personnel and publicly announced as provided by subsection
(a)of this section.
(Sept. 1, 1951, ch. 378, title I, § 102, 65 Stat. 294; Pub. L. 89–174, § 5(a), Sept. 9, 1965, 79 Stat. 669.)
Connections2 cite this · traces to 4
Cited by 2 sections
8 references not yet in our index
- Sept. 1, 1951, ch. 378
- 65 Stat. 294
- Pub. L. 89–174, § 5(a)
- 79 Stat. 669
- act Sept. 8, 1950, ch. 932
- 64 Stat. 798
- act Sept. 1, 1951, ch. 378
- 65 Stat. 293
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cites case law
§ 1591a
Construction by private enterprise
U.S.C.×2
ActSept. 1, 1951, ch. 378
Stat.65 Stat. 294
Pub. L.Pub. L. 89–174, § 5(a)
Stat.79 Stat. 669
Actact Sept. 8, 1950, ch. 932
Cites 12 · showing 9Cited by 2 across 1 source