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United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs
U.S. Government Printing Office, 1980 - Housing Policy
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able additional afford agencies amendment apartment assistance Association Bank Bayonne believe benefits buildings Chairman Commissioner committee construction continue conversion cooperative Corporation cost crisis Department dwelling effective efforts energy established eviction existing fact Federal financing funds groups hearing homes housing stock important improvements incentives income increases interest Internal Revenue Code investment Jersey landlords legislation less live loans look maintained ment million moderate month mortgage multifamily neighborhood operating opportunity Organization owners participation percent period persons policies present preservation problems production projects proposal purchase received recent record regulation rehabilitation rent rental housing residents response Savings Senator Williams statement structures subsidy substantial tenants Thank tion units urban York City
Page 181 - ... for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In...
Page 147 - ... and before July 1, 1981. For the same reason as item (C) above, Section 167 (o) should be made permanent. E. Restrictions on demolition. To further assist historic preservation, the Tax Reform Act of 1976 prohibits the deduction of expenditures or losses resulting from the demolition of a certified historic structure (IRC Section 280B) , and it prohibits the use of accelerated depreciation for any structure built on site that was occupied by a certified historic structure that has been demolished...
Page 153 - The ACTING PRESIDENT pro tempore. The question is on agreeing to the amendment of the Senator from Montana, on line 9 of page 101 of the bill, to strike the word "may" and insert in lieu thereof the word ''shall.
Page 146 - Act permits a taxpayer to elect to depreciate the entire cost (cost of structure plus cost of rehabilitation) of a substantially rehabilitated historic property as though the original use of such property commenced with him, that is, he can use such methods as double declining balance depreciation and sum of the years digits depreciation. Presently, this Code section applies only to additions to capital account occurring after June 30, 1976 and before July 1, 1981. For the same reason as item (C)...
Page 178 - The accompanying notes to financial statements are an integral part of this statement. THE AMERICAN ECONOMIC ASSOCIATION STATEMENT OF CHANGES IN RESTRICTED FUND BALANCES FOR THE YEAR ENDED DECEMBER 31, 1974 The accompanying notes to financial statements are an integral part of this statement.
Page 173 - Bond-Type securities are the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC) . 2. Pass -Through Type Security. There are two sub-types of the PassThrough Type Security. One sub-type, known as the "Straight Pass-Through...
Page 96 - We hold these truths to be selfevident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among them is life, liberty, and the pursuit of happiness; that to secure these rights, Governments are instituted, deriving their just powers from the consent of the governed.
Page 153 - Mr. MANSFIELD. Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. The ACTING PRESIDENT pro tempore. Without objection, it is so ordered. Mr.