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 ...