Rehabilitation Housing Insurance, Urban Renewal Housing Insurance: Administrative Rules and Regulations Under Sections 220 and 221 of the National Housing Act, as Amended ... Effective Date, October 15, 1954

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Federal Housing Administration, 1957 - Housing rehabilitation - 23 pages
 

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Page 2 - Act of 1949, as amended, which plan conforms to definite local objectives respecting appropriate land uses, improved traffic, public transportation, public utilities, recreational and community facilities and other public improvements, and there exists the necessary authority and financial capacity to insure completion of such urban renewal plan.
Page 1 - Location of property. The mortgaged property must be located in : (a) The area of an existing slum clearance and urban redevelopment project covered by a Federal-aid contract executed or a prior approval granted (pursuant to Title I of the Housing Act of 1949, as amended), before the effective date of the Housing Act of 1954, or (b) An urban renewal area...
Page 6 - Soldiers' and Sailors' Civil Relief Act of 1940, as amended, apply and which are insured under section 203 of the National Housing Act, there shall be included in the debentures an amount which the Commissioner finds to be sufficient to compensate the mortgagee for any loss which it may have sustained on account of interest on debentures and the payment of...
Page 9 - (5) Bear interest (exclusive of premium charges for insurance) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time...
Page 18 - Commissioner, by estimating the average yield to maturity, on the basis of daily closing market bid quotations or prices during the...
Page 23 - For the purposes of this subsection, the value of the mortgage shall be determined, in accordance with rules and regulations prescribed by the Commissioner, by adding to the amount of the original principal obligation of the mortgage which was unpaid on the date of the institution of foreclosure proceedings...
Page 19 - Such a mortgagor shall be regulated or supervised under federal or state laws or by political subdivisions of states or agencies thereof, or the Federal Housing Commissioner, as to rents, charges, and methods of operation.
Page 17 - ... and water rates, which are liens prior to the mortgage, special assessments which are noted on the application for insurance or which become liens after the insurance of the mortgage, insurance...
Page 18 - ... by reason of its having postponed the institution of foreclosure proceedings or the acquisition of the property by other means during any part or all of the period of such military service and three months thereafter.
Page 2 - Standards and conditions of acceptability. The mortgaged property must meet such standards and conditions as the Commissioner shall prescribe to establish the acceptability of such property for mortgage insurance. These...

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