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 agreement appraised value assets authority BANKING believe bond Bunning buyers Chairman Vento clearinghouse concern conservatorship consolidated offices Cooke Corporation correct costs deal developed Director discounts don't effect efforts eligible eligible properties example expect Federal financing Frank give going governing Hambric hearing homes Housing Disposition Program Housing Finance identify income institutions interest interim inventory issue June Kelly listed loan located Lomax look March market value median Michigan million Minniti Monroe months multi-family offers organizations Oversight Board percent period present problem purchasers qualified question real estate received receivership regional require residential properties Rule sell single single-family sold staff subsidies talking Task Force Texas Thank things trying understand units
Page 13 - I thank you for your time. I would be happy to answer any questions that you may have.
Page 6 - ... 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 46 - I think, of where the right hand doesn't know what the left hand is doing...
Page 5 - 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 - BEFORE THE RTC OVERSIGHT TASK FORCE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS UNITED STATES HOUSE OF REPRESENTATIVES 10:00 AM DECEMBER 11, 1990 . ROOM 2128 RAYBURN HOUSE OFFICE BUILDING Good morning, Mr.
Page 29 - I share that complaint, that there does not seem to be a great deal of interest in moving this program along.
Page 7 - RTC will offer the asset for public housing for lower income families, shelter for the homeless, day care centers for children of low and moderate-income families and other public purposes designated by HUD.
Page 87 - Public uses would include housing for lower income families, shelter for the homeless, day care centers for children of low- and moderate-income families, and other public purposes designated by HUD.
Page 83 - Qualifying purchasers include households whose adjusted incomes do not exceed 115 percent of area median income, and who intend to occupy the property as a principal residence; and public agencies and...
Page 88 - ... homes at an expected interest rate of about 8.5 percent. Under the proposed commitment agreement between the RTC and the Texas Housing Agency, the RTC has identified 2,000 homes that are immediately ready for sale and that meet minimum property standards for insurability. The RTC also has committed under that agreement to make ready for marketing a minimum of 4,000 additional homes during the next year. Approximately 84 percent of the homes currently in the affordable housing inventory are appraised...