Page:United States Statutes at Large Volume 82.djvu/643

 82 STAT. ]

PUBLIC LAW 90-448-AUG. 1, 1968

may be waived by the Secretary in cases or classes of cases where laborers or mechanics, not otherwise employed at any time on the project, voluntarily donate their services without compensation for the purpose of lowering the costs of construction and the Secretary determines that any amounts thereby saved are fully credited to the nonprofit corporation or association undertakhig the construction; and each laborer or mechanic employed on any facility covered by a mortgage insured under section 242.shall receive compensation at a rate not less than one and one-half times his basic rate of pay for all hours worked in any workweek in excess of eight hours in any workday or forty hours in the workweek, as the case may be."

601

Ante, p. 599.

TITLE XVI—HOUSING GOALS AND ANNUAL HOUSING REPORT REAFFIRMATION

OF GOAL

SEC. 1601. The Congress finds that the supply of the Nation's housing is not increasing rapidly enough to meet the national housing goal, established in the Housing Act of 1949, of the "realization as soon as 63 Stat. 413. feasible of the goal of a decent home and a suitable living environment notl^^*^ '^^^ for every x\merican family". The Congress reaffirms this national housing goal and determines that it can be substantially achieved within the next decade by the construction or rehabilitation of twenty-six million housing units, six million of these for low and moderate income families. REPORT O U T L I N I N G

PLAN

SEC. 1602. Not later than January 15, 1969, the President shall make Report to cona report to the Congress setting forth a plan, to be carried out over ^'^contents. a period of ten years (June 30, 1968, to June 30, 1978), for the elimination of all substandard housing and the realization of the goal referred to in section 1601. Such plan shall—• (1) indicate the number of new or rehabilitated housing un^ts which it is anticipated will have to be provided, with or without Government assistance, during each fiscal year of the ten-year period, in order to achieve the objectives of the plan, showing the number of such units which it is anticipated will have to be provided under each of the various Federal programs designed to assist in the provision of housing; (2) indicate the reduction in the number of occupied substandard housing units which it is anticipated will have to occur during each fiscal year of the ten-year period in order to achieve the objectives of the plan; (3) provide an estimate of the cost of carrying out the plan for each of the various Federal programs and for each fiscal year during the ten-year period to the extent that such costs will be reflected in the Federal budget; (4) make recommendations with respect to the legislative and administrative actions necessary or desirable to achieve the objectives of the plan; and (5) provide such other pertinent data, estimates, and recommendations as the President deems advisable. Such report shall, in addition, contain a projection of the residential mortgage market needs and prospects during the coming year, including an estimate of the requirements with respect to the availability, need, and flow of mortgage funds (particularly in declining urban and rural areas) during such year, together with such recommendations as may be deemed appropriate for encouraging the availability of such funds.

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