Page:United States Statutes at Large Volume 79.djvu/507

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[79 STAT. 467]
PUBLIC LAW 89-000—MMMM. DD, 1965
[79 STAT. 467]

79 STAT. ]

PUBLIC LAW 89-117-AUGUST 10, 1965

467

M U L T I F A M I L Y MORTGAGE L I M I T S FOR FOUR OR MORE BEDROOM U N I T S

SEC. 207. (a) Section 207(c)(3) of the National Housing Act is amended— (1) by striking out "and $18,500 per family unit with three or more bedrooms" and inserting in lieu thereof "$18,600 per family unit with three bedrooms, and $21,000 per family unit with four or more bedrooms,"; and (2) by striking out "and $22,500 per family unit with three or more bedrooms" and inserting in lieu thereof "$22,500 per family unit with three bedrooms, and $25,500 per family unit with four or more bedrooms". (b)(1) Section 213(b)(2) of such Act is amended— (A) by striking out "and $18,500 per family unit with three or more bedrooms" and inserting in lieu thereof "$18,500 per family unit with three bedrooms, and $21,000 per family unit with four or more bedrooms"; and (B) by striking out "and $22,500 per family unit with three or more bedrooms" and inserting in lieu thereof "22,500 per family unit with three bedrooms, and $25,500 per family unit with four or more bedrooms". (2) Section 213(c) of such Act is amended by striking out "and not to exceed" and all that follows and inserting in lieu thereof the following: "and not to exceed a sum computed on the basis of a separate mortgage for each single-family dwelling (irrespective of whether such dwelling has a party wall or is otherwise physically connected with another dwelling or dwellings) comprising the property or project, equal to the total of each of the maximum principal obligations of such mortgages which would meet the requirements of section 203(b)(2) if the mortgagor were the owner and occupant who had made any required payment on account of the property prescribed in such paragraph." (c) Section 220(d)(3)(B) (iii) of such Act is amended— (1) by striking out "and $18,500 per family unit with three or more bedrooms" and inserting in lieu thereof "$18,500 per family unit with three bedrooms, and $21,000 per family unit with four or more bedrooms"; and (2) by striking out "and $22,500 per family unit with three or more bedrooms" and inserting in lieu thereof "$22,500 per family unit with three bedrooms, and $25,500 per family unit with four or more bedrooms". (d) Section 221(d) of such Act is amended— (1) by striking out "and $17,000 per family unit with three or more bedrooms" in paragraphs (3) (ii) and (4) (ii) and inserting in lieu thereof "$17,000 per family unit with three bedrooms, and $19,250 per family unit with four or more bedrooms"; and (2) by striking out "and $20,000 per family unit with three or more bedrooms" m paragraphs (3) (li) and (4) (ii) and inserting in lieu thereof "$20,000 per family unit with three bedrooms, and $22,750 per family unit with four or more bedrooms". (e) Section 231(c)(2) of such Act is amended— (1) by striking out "and $17,000 per family unit with three or more bedrooms" and inserting in lieu thereof "$17,000 per family unit with three bedrooms, and $19,250 per family unit with four or more bedrooms"; and (2) by striking out "and $20,000 per family unit with three or more bedrooms" and inserting in lieu thereof "$20,000 per family unit with three bedrooms, and $22,750 per family unit with four or more bedrooms".

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