TABLE A-4.-NEW PRIVATELY OWNED NONFARM HOUSING UNITS STARTED, BY TYPE OF STRUCTURE AND TYPE

1 Structures with 1 unit, most of which are designed for owner occupancy, though a small number end up in the rental market.

2 Structures with 2 or more units.

* Preliminary.

Source: Department of Commerce, Bureau of the Census.

TABLE A-5.-NEW PRIVATELY OWNED NONFARM HOUSING UNITS STARTED, BY TYPE OF FINANCING

1 Includes a small number of housing units which are started without mortgage financing.

2 Preliminary.

Sources: Department of Commerce, Bureau of Census, Federal Housing Administration, and Veterans' Administration.

B. MORTGAGE CREDIT

TABLE B-1.-ESTIMATED MORTGAGE DEBT OUTSTANDING ON NONFARM 1 TO 4-FAMILY HOMES

I FNMA, FHA, VA, and Farmers Home Administration. Other U.S. agencies (amounts small or separate data not readily available) included with individuals and others.

2 Preliminary.

Sources: Federal Home Loan Bank Board, Federal Housing Administration, and Veterans' Administration.

TABLE B-2.-NET INFLOW OF SAVINGS IN ALL SAVINGS AND LOAN ASSOCIATIONS

AGENCY PROGRAMS

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

SCOPE OF OPERATIONS

The Department of Housing and Urban Development Act declared that establishment of the Department was desirable to achieve the best administration of the principal programs of the Federal Government which provide assistance for housing and for the development of the Nation's communities; to assist the President in achieving maximum coordination of the various Federal activities which have a major effect upon urban community, suburban, or metropolitan development; to encourage the solution of problems of housing, urban development, and mass transportation through State, county, town, village, or other local and private action, including promotion of interstate, regional, and metropolitan cooperation; to encourage the maximum contributions that may be made by vigorous private homebuilding and mortgage lending industries to housing, urban development, and the national economy; and to provide for full and appropriate consideration, at the national level, of the needs and interests of the Nation's communities and of the people who live and work in them.

The Department is administered under the supervision and direction of the Secretary. He is assisted by the Under Secretary and seven assistant secretaries.

The Department of Housing and Urban Development Act directed the Secretary of the Department to carry out the following functions:

The Secretary shall, among his responsibilities, advise the President with respect to Federal programs and activities relating to housing and urban development; develop and recommend to the President policies for fostering the orderly growth and development of the Nation's urban areas; exercise leadership at the direction of the President in coordinating Federal activities affecting housing and urban development; provide technical assistance and information, including a clearinghouse service to aid State, county, town, village, or other local governments in developing solutions to community and metropolitan development problems; consult and cooperate with State Governors and State agencies, including, when appropriate, holding informal public hearings, with respect to Federal and State programs for assisting communities in developing solutions to community metropolitan development problems and for encouraging effective regional cooperation in the planning and conduct of community and metropolitan development programs and projects; encourage comprehensive planning by the State and local governments with a view to coordinating Federal, State, and local urban and community development activities; encourage private enterprise to serve as large a part of the Nation's total housing and urban development needs as it can and develop the fullest cooperation with private enterprise in achieving the objectives of the Department; and conduct continuing comprehensive studies, and make available findings, with respect to the problems of housing and urban development. The wide range of programs administered by the Department include some dating back to 1934 and 1937 when the FHA mortgage insurance programs and the public housing programs were first ini

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tiated. The Housing Act of 1949 declared as national housing policy the realization as soon as feasible of the goal of a decent home and suitable living environment for every American family. As means to achieve this goal, the below-market interest rate rental housing program was initiated in 1961, the rent supplement program was started in 1965, and numerous new housing aids were authorized by the Housing and Urban Development Act of 1968, including the interest rate subsidy programs for homeownership and rental housing for lower income families. The 1968 act reaffirmed the national goal of the 1949 act and determined that it can be achieved by the construction or rehabilitation within the next decade of 26 million housing units, including 6 million for low- and moderate-income families.

In 1966 a comprehensive effort of coordinated action to solve the physical and human problems of our cities was initiated-the model cities program. This program is to improve the social, economic, and physical living conditions of people in selected slum or blighted areas through local concentration and coordination of Federal, State, and local public and private efforts.

The Department administers programs of assistance to the development of new communities, housing for colleges and hospitals, group medical practice facilities, nonprofit hospitals, nursing homes, and the rehabilitation of housing.

It assists the development of communities by grants for comprehensive planning, urban renewal grants and loans, grants and loans for community facilities, and grants for neighborhood facilities, open space land, urban beautification, training of public officials, and technical assistance to local officials.

In all it administers more than 70 programs of assistance to housing and urban development.

It also administers the Interstate Land Sales Full Disclosure Act, and the new property insurance programs-flood insurance and insurance for areas subject to loss from riots. These three new programs were also authorized by the Housing and Urban Development Act of 1968.

Following are brief summaries of the operations of the various agencies and divisions of the Department of Housing and Urban Development.