AVERAGE RENTS AND INCOMES FROM LOW RENT HOUSING PROJECTS Mr. WIGGLESWORTH. Your slum-clearance loans have been made on a 2-percent interest basis? Mr. KEYSERLING. Our loans run half a percent above the Government borrowing rate on medium-term issues. They are generally made at 3 to 3%1⁄2 percent. Mr. WIGGLESWORTH. Are they on a 60-year basis still? Mr. KEYSERLING. That is right. Mr. WIGGLESWORTH. And the subsidy average is what? Mr. KEYSERLING. The subsidy average now is about 2.9, as against the present statutory maximum of 3.5. Mr. WIGGLESWORTH. Would you put in the record the present rent average and the income limitations? Mr. KEYSERLING. I will be glad to do that. (The information requested is as follows:) Average rents and incomes in U. S. Housing Authority-aided low rent housing projects as of Nov. 30, 1941 Number of projects for which rents have been approved--- 262 $12.63 $823.00 A further break-down of the family income groups is shown in the following table: Percentage distribution by annual family income groups of tenants living in U. S. Housing Authority-aided developments Range of incomes: Under $400. Percent of families 2.8 4. 9 Mr. WIGGLESWORTH. And the percentage of tenants that are now citizens? Mr. KEYSERLING. Since the statutory prohibition, I believe of last year, nobody except citizens have been admitted. Mr. WIGGLESWORTH. They are all citizens now? Mr. KEYSERLING. Exactly, as to admissions since the statutory prohibition. Mr. WIGGLESWORTH. How about those admitted prior to that? Mr. KEYSERLING. Most of them, the overwhelming majority, are citizens, of course, but there are some instances where there are parents of citizens who are not citizens. In other words, we did not throw out people who were admitted prior to the statutory prohibition. Of course, as to all projects under contracts made since the statutory prohibition, nobody has been admitted anywhere who is not a citizen. Mr. WIGGLESWORTH. Would you give us some over-all estimate in percentage? Mr. KEYSERLING. Yes. The noncitizens, even including those admitted before the statutory prohibition, are far less than 1 percent. SUMMARY OF UNITED STATES HOUSING AUTHORITY AIDED PROJECTS Mr. WIGGLESWORTH. I Would like to have for the record some tables such as you gave last year. For instance, I should appreciate it if you would bring the table appearing in last year's hearings at page 380, "Summary of U.S.H.A.-Aided Projects," and so forth, up to date, if you will. Mr. KEYSERLING. I will be glad to put that in the record. (The information requested is as follows:) Summary of U. S. Housing Authority-aided developments (as of Nov. 30, 1941) DEVELOPMENTS UNDER CONSTRUCTION, BUT NOT OPEN FOR OCCUPANCY [LC-Cost data based on loan-contract estimates. MC-Cost data based on loan-contract estimates amended by a major change. CA-Cost data based on construction-award estimates. FB-Cost data based on final Budget estimates] Summary of U. S. Housing Authority-aided developments (as of Nov. 30, 1941)-Continued DEVELOPMENTS UNDER CONSTRUCTION, BUT NOT OPEN FOR OCCUPANCY-Continued [LC-Cost data based on loan-contract estimates. MC-Cost data based on loan-contract estimates amended by a major change. CA-Cost data based on construction-award estimates. FB-Cost data based on final Budget estimates] Summary of U. S. Housing Authority-aided developments (as of Nov. 30, 1941) DEVELOPMENTS UNDER CONSTRUCTION, BUT NOT OPEN FOR OCCUPANCY [LC-Cost data based on loan-contract estimates. MC-Cost data based on loan-contract estimates amended by a major change. CA-Cost data based on construction-award estimates. FB-Cost data based on final Budget estimates] |