774
i750c^^^ ^^^^*
PUBLIC LAW 88-560-SEPT. 2, 1%4
[78 STAT.
by the Comniissioner, but in no event may the total sillowance for such costs exceed the amount actually paid by the mortgagee:"; (2) striking out "loO'* in the second sentence of subsection (c) and inserting in lieu thereof "$350"; and (3) striking out "default, and" in the second sentence of subsection (d) and inserting in lieu thereof the following: "default, except that debentures issued pursuant to claims for insurance tiled on or after the date of enactment of the Housing Act of 1964 shall be dated as of the date of default or as of such lat-er date as the Commissioner, in his discretion, may establish by regulation. The debentures". ^t^ Sections 604 and 904 of such Act are each amended by striking out in the third sentence of subsection (a) "paid after either of such dates". MAXIMUM A M O U N T OF SECTION 2 0 7 R E N T A L H O U S I N G M0R1X3AGES
12 USC i"i3
^^^- ^^^- Section 207(c)(2) of the National Housing Act is amended by striking out all that follows the first colon and precedes "to mortgages on housing in Alaska", and inserting in lieu thereof the following: Provided, That this limitation shall not apply". F A M I L Y U N I T L I M I T S ON F H A R E N T A L H O U S I N G
70 Stat. 1092.
^^ use ^^^5e
s^^c. 107. (a) Section 207(c)(3) of the National Housing Act is amended by striking out the first paragraph and inserting in lieu thereof the following: "(3) not to exceed, for such part of the property or project as may be attributable tx> dwelling use (excluding exterior land improvements as defined by the Commissioner), $9,000 per family unit without a bedroom, $12,500 per family unit with one bedroom, $15,000 per family unit with two bedrooms, and $18,500 per family unit with three or more bedrooms or not to exceed $1,800 per space or $500,000 per mortgage for trailer courts or parks; except that as to projects to consist of elevator-type structures the Commissioner may, in his discretion, increase the dollar amount limitations per family unit to not to exceed $10,500 per family unit without a bedroom, $15,000 per family unit with one bedroom, $18,000 per family unit with two bedrooms, and $22,500 per family unit with three or more bedrooms, as the case may be, to compensate for the higher costs incident to the construction of elevatortype structures of sound standards of construction and design; and except that the Commissioner may, by regulation, increase any of the foregoing dollar amount limitations contained in this paragraph by not to exceed 45 per centum in any geographical area where he finds that cost levels so require." ^'^) Section 213(b)(2) of such Act is amended by striking out all that precedes the third proviso and inserting in lieu thereof the following: "(2) not to exceed, for such part of the property or project as may be attributable to dwelling use (excluding exterior land improvements as defined by the Commissioner), $9,000 per family unit without a bedroom, $12,500 per family unit with one bedroom, $15,000 per family unit with two bedrooms, and $18,500 per family unit with three or more bedrooms, and not to exceed 97 per centum of the amount which the Commissioner estimates will be the replacement cost of the property or project when the proposed physical improvements are completed: Provided, That as to projects to consist of elevator-type stmctures the Commis-
�
