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order to permit the Department of Housing o.nd Urban Development to start
operations.
A.
The Act creating
APPLICABLELEGALPrlOVISIQ!,S
the Department provides as follows:
l.
'Ille Act "shall
2.
The Act 'fDD.Y
take effect "on such earlier date
- ,
from BillXWalton.
of June
1,
In view of Bill's remark
that we understated
the case and, particularly,
since my June 1 letter provides
all of the pertinent
data, I can only con
clude that he wrote his memorandum
to you before he saw our supple
sure
-
Ml!M>RANilJM
FOR MR. CALIFANO
Subject:
Creation of a private
FNMA
The Housing and Urban Development conference bill provides for converting
ffiMAto a private corporation, essentially
as proposed by the President.
If we can accomplish
-
codes .•. and development
total
welfare
and aided
finds
that
standards
can be encouraged
housing and_ building
to provide
there
State
standards,
in order
to determine
bui_lding costs,
to serve ~s iarge a part as (it)
including