Disposition of Residential Properties, Single Family and Multi-family, with Emphasis on Affordable Housing: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance, Resolution Trust Corporation Task Force of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, Second Session, June 25, 1990, Volume 4
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance. Resolution Trust Corporation Task Force
U.S. Government Printing Office, 1990 - Federal aid to community development - 101 pages
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able additional Affordable Housing Disposition affordable housing program agencies agree agreement Allen amount appraised appraised value asset managers assets authority bond bulk sale Bunning buyers Chairman Vento clearinghouse concern conservatorship consolidated office Cooke correct costs course deal decision developed Director discounts don't effect efforts eligible eligible properties example expect fact Federal financing Frank give going Hambric homes Housing Finance identify income institutions interest inventory issue Kelly listed loan Lomax look managers March million Minniti Monroe months move multi-family offer Oversight Board particular percent period present problem purchasers qualified question real estate received receivership reduction regional require residential properties RESOLUTION rule sell single single-family sold staff subsidies talking Texas Thank things thought trying understand units
Page 7 - ... Mr. PHILLIPS. Thank you very much. Mr. BRADEMAS. The next witness is Frederick Burkhardt, president of the American Council of Learned Societies, New York, NY STATEMENT OF FREDERICK BURKHARDT, PRESIDENT, AMERICAN COUNCIL OF LEARNED SOCIETIES We welcome you, Dr. Burkhardt. Mr. BURKHARDT. Thank you. Mr. Chairman and members of the task force, I am very pleased to have the privilege of appearing before you this morning. I am Frederick Burkhardt, president of the American Council of Learned Societies,...
Page 6 - I would be pleased to answer any questions you may have. [The prepared statement of David C. Cooke can be found in the appendix.] Chairman VENTO. Thank you, Mr. Cooke.
Page 51 - RTC's staff has performed these jobs on the initial properties. As institutions are resolved and private sector asset managers are selected and placed under contract, the flow of properties into the program is expected to increase significantly.
Page 32 - I share that complaint, that there does not seem to be a great deal of interest in moving this program along.
Page 18 - I have to tell you, very little discourages me as much as hearing the RTC talk about low-income housing. I have never seen a government program administered less sympathetically. It is as if we had appointed the "Marlboro man" as surgeon general or put Gandhi at the Pentagon.
Page 48 - ... (families whose incomes do not exceed 50 percent of area median income) and...
Page 2 - Disposition of Residential Properties, Single Family and Multi-family, with Emphasis on Affordable Housing...
Page 3 - I am well aware that there are limits to what the Federal Government can do, and in the long run, we should not be trying to speculate in the real estate market.