Julian Bond: “This amendment restores another House-passed provision to the FHA single-family mortgage program with an amendment which…”

“This amendment restores another House-passed provision to the FHA single-family mortgage program with an amendment which limits a proposed change in the formula for determining downpayment requirements to a demonstration in the States of Alaska and Hawaii. This perfecting amendment also inserts the text of the language incorporated by reference in the original House-passed provision relating to the delegation of ensuring authority to direct endorsement mortgagees.”