61STAT.] 80TH CONG., 1 ST SESS.- PLAN NO. 3-MAY 27, 1947 per annum. There are transferred to said Commissioner the functions of the Federal Housing Administrator. Section 4. Public Housing Administration. - The Public Housing Administration shall be headed by a Public Housing Commissioner who shall be appointed by the President, by and with the advice and consent of the Senate, and receive compensation at the rate of $10,000 per annum. There are transferred to said Commissioner the functions: (a) Of the Administrator of the United States Housing Authority (which agency shall hereafter be administered and known as the Public Housing Administration); (b) Of the National Housing Agency with respect to non-farm housing projects and other properties remaining under its jurisdiction pursuant to section 2 (a) (3) of the Farmers' Home Administration Act of 1946 (Public Law 731, Seventy-ninth Congress, approved August 14, 1946); and (c) With respect to the liquidation and dissolution of the Defense Homes Corporation. Section 5. Housing and Home Finance Administrator.-(a) The Housing and Home Finance Agency shall be headed by a Housing and Home Finance Administrator who shall be appointed by the President, by and with the advice and consent of the Senate, and shall receive compensation at the rate of $10,000 per annum. (b) The Administrator shall be responsible for the general super- vision and coordination of the functions of the constituent agencies of the Housing and Home Finance Agency and for such purpose there are transferred to said Administrator the functions of the Federal Loan Administrator and the Federal Works Administrator (1) with respect to the Federal Home Loan Bank Board, the House Owners' Loan Corporation, the Federal Savings and Loan Insurance Corporation, the Federal Housing Administration, and the United States Housing Authority, and (2) with respect to the functions of said agencies. (c) There are also transferred to the Administrator the functions: (1) Of holding on behalf of the United States the capital stock of the Defense Homes Corporation; (2) Under Titles I and III, and sections 401, 501 and 502, of the Act of October 14, 1940 (54 Stat. 1125), as amended; (3) Of the War and Navy Departments with respect to na- tional defense and war housing (except that located on military or naval posts, reservations, or ases) under the Act of September 9, 1940 (54 Stat. 872), as amended; and (4) Of all agencies designated to provide temporary shelter in defense areas under the Acts of March 1, 1941, May 24, 1941, and December 17, 1941 (55 Stat. 14, 197, and 810), insofar as such functions relate to such temporary shelter. Section 6. National Housing Council.- There shall be in the Hous- ing and Home Finance Agency a National Housing Council composed of the Housing and Home Finance Administrator as Chairman, the Federal Housing Commissioner, the Public Housing Commissioner, the Chairman of the Home Loan Bank Board, the Administrator of Veterans Affairs or his designee, the Chairman of the Board of Direc- tors of the Reconstruction Finance Corporation or his designee, and the Secretary of Agriculture or his designee. The National Housing Council shall serve as a medium for promoting, to the fullest extent practicable within revenues, the most effective use of the housing functions and activities administered within the Housing and Home Finance Agency and the other departments and agencies represented on said Council in the furtherance of the housing policies and objectives established by law, for facilitating consistency between such housing functions and activities and the general economic and fiscal policies 955 60 Stat. 1063. 7U. S. . 1001 note; 12U. S.C. 1702 note. 65 Stat. 361, 3i3; .5 Stat. 212; 59 Stat. 210. 42 IT.S.(. §1521 t *eq. Ane, p. 128.