Page:United States Statutes at Large Volume 83.djvu/407

 83 STAT. ]

PUBLIC LAW 91-152-DEC. 24, 1969

379

Public Law 91-152 AN ACT December 24, 1969 To amend and extend laws relating to housing and urban development, and for [s. 2864] other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That this Act may u^an^nlvTo'* be cited as the "Housing and Urban Development Act of 1969". Act of igeg."^""^" SEC. 2. Section 305(g) of the National Housing Act is amended— so Stat. 733. (1) by striking out "$1,000,000,000" and inserting in lieu thereof ^^ "®^ ^^^°" "$2,500,000,000"; (2) by inserting "at par" immediately after "and to purchase"; and (3) by striking out "$15,000", "$17,500", and "$22,500" and inserting in lieu thereof "$17,500", "$20,000", and "$25,000", respectively. TITLE I—MOKTGAGE C R E D I T EXTENSION OF PROGRAMS

SEC. 101. (a) Section 2(a) of the National Housing Act is amended ^"g^'^**!?^' by striking out "January 1, 1970" in the first sentence and inserting in n'usc 1703 lieu thereof "October 1, 1970". (b) Section 217 of such Act is amended— Ant^^^^'vis' (1) by striking out "title VIII, or title X " and inserting in I2VSC msh. lieu thereof "section 235, section 236, title VIII, title X, or title X I "; and (2) by striking out "January 1, 1970" and inserting in lieu thereof "October 1, 1970". (c) Section 221(f) of such Act is amended by striking out "Janu- Ante^^^^'Al^' ary 1, 1970" in the fifth sentence and inserting in lieu thereof 12 USC 1715/. "October 1, 1970". 82 477. (d) Section 235 of such Act is amended by adding at the end thereof 12 Stat. 1715z. use the following new subsection: " (m) No mortgage shall be insured under this section after October 1, 1971, except pursuant to a commitment to insure before that date." (e) Section 236 of such Act is amended by adding at the end thereof f fJ;?*- ^^f-, ^ ,1 ^ / n

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1

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to

12 USC 1715Z-1.

the lollowing new subsection: " (n) No mortgage shall be insured under this section after October 1, 1971, except pursuant to a commitment to insure before that date." (f) Section 809(f) of such Act is amended by striking out "January ^^ ^*^*- "^^^^ 1, 1970" in the second sentence and inserting in lieu thereof "October 1, "2*'use i748h i 1970". (g) Section 810(k) of such Act is amended by striking out "January ^^ ^'"*- ^l^^' 1, 1970" in the second sentence and inserting in lieu thereof "October 1, 12 USC i748h-2 1970". (h) Section 1002(a) of such Act is amended by striking out "Janu- AI^^^^"^'i2s^'' ary 1, 1970" in the second sentence and inserting in lieu thereof "2* use i749bb. "October 1, 1970". (i) Section 1101(a) of such Act is amended by striking out "Janu*° ^*"'- ^^'^'^' ary 1, 1970" in the second sentence and inserting in lieu thereof 'i2*'u^c i749aaa "October 1, 1970". LOWER DOWNPAYMENTS FOR FHA-FINANCED SALES HOUSING

SEC. 102. (a) Section 203(b)(2) of the National Housing Act is 7/staJ^466^'*' amended by striking out "$20,000" each place it appears and inserting 12 USC 1709 in lieu thereof "$25,000".

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