Cooperative Housing

September 2, 1949

Report Outline
Cooperatives and the Housing Problem
Experience Under Cooperative Housing
Federal Assistance to Cooperatives
Special Focus

Cooperatives and the Housing Problem

Acceptance by the present Congress, after three years of controversy, of a long-range program to meet the housing needs of low-income families has spurred a movement for additional legislation to deal with housing problems of families of moderate means. Even before the long-range housing bill, with its elaborate public housing provisions, became law on July 15, new housing legislation to assist families with incomes of $2,500 to $4,000 a year had been introduced by Chairman Spence (D., Ky.) of the House Banking and Currency Committee and Sen. Spark-man (D., Ala.). The bill is not an administration measure, although many of its provisions carry administration endorsement.

The most controversial feature of the Spence-Sparkman bill, Title III, proposed direct long-term government loans to housing cooperatives. It was eliminated, along with direct loans to veterans, before the bill passed the House late in August. The direct-loan feature is included, however, in the middle-income housing bill favorably reported by the Senate Banking and Currency Committee and now awaiting action by the upper chamber.

In its original form, Title III proposed direct loans at three per cent interest for periods up to 60 years (reduced by the Senate Banking and Currency Committee to 50 years) to housing cooperatives setting maximum income limits for occupants and establishing rent schedules below the rentals charged for comparable privately-financed accommodations. A Senate committee amendment would require participants in a cooperative to accumulate an equity investment of five per cent in the project, over and above amortization payments, during the first five years.

ISSUE TRACKER for Related Reports
Dec. 23, 2022  Homelessness Crisis
Apr. 02, 2021  Evictions and COVID-19
Mar. 02, 2018  Affordable Housing Shortage
Nov. 06, 2015  Housing Discrimination
Feb. 20, 2015  Gentrification
Apr. 05, 2013  Homeless Students
Dec. 14, 2012  Future of Homeownership
Dec. 18, 2009  Housing the Homeless
Nov. 02, 2007  Mortgage Crisis Updated
Feb. 09, 2001  Affordable Housing
Jan. 06, 1989  Affordable Housing: Is There Enough?
Oct. 30, 1981  Creative Home Financing
Nov. 07, 1980  Housing the Poor
Dec. 21, 1979  Rental Housing Shortage
Nov. 24, 1978  Housing Restoration and Displacement
Apr. 22, 1977  Housing Outlook
Sep. 26, 1973  Housing Credit Crunch
Aug. 06, 1969  Communal Living
Jul. 09, 1969  Private Housing Squeeze
Mar. 04, 1966  Housing for the Poor
Apr. 10, 1963  Changing Housing Climate
Sep. 26, 1956  Prefabricated Housing
Sep. 02, 1949  Cooperative Housing
May 14, 1947  Liquidation of Rent Controls
Dec. 17, 1946  National Housing Emergency, 1946-1947
Mar. 05, 1946  New Types of Housing
Oct. 08, 1941  Rent Control
Aug. 02, 1938  The Future of Home Ownership
Sep. 05, 1934  Building Costs and Home Renovation
Nov. 20, 1933  Federal Home Loans and Housing
Nov. 17, 1931  Housing and Home Ownership
Low Income and Public Housing