Announces First Meeting National Housing Council

Washington, D. C., Sept. 2.-The first meeting of the National Housing Council, established as part of the permanent Housing and Home Finance Agency, will be held in September, Raymond M. Foley, HHFA Administrator, announced today.

The council is comprised of the HHFA Administrator as chairman; the heads of the Home Loan Bank Board, the Federal l{ousing Administration, and the Public Housing Administration, rvhich are parts of the HHFA; and the Secretary of Agriculture, the Veterans Administrator, and the chairman of the Reconstruction Finance Corporation, or their representatives.

"The neu, Council," Mr. Foley said, "will be one of the very important parts of the new overall housing organization through rvhich complete coordination of governmental actir.ities relating to housing will be sought. It rvill also furrrish a means for thorough consideration of housing policy as related to general economic and fiscal policy of the government. It $'ill carry forl.ard and expand work done on an informal basis by a Coordinating Council established early this year."

NIr. Folel' said organization of the ne'rv Housing and Home Finance Agency is proceeding and rn''ill be completed soo11. In aclclition to general supervision and coordination of administration and overall housing policy of coustituents, he said it u'ould concern itself with basic problems in the housing field, such as studies of the cost problem in hous- ing and the relationhip of financing methods thereto; approaches to develop commonly accepted standards in residential appraisal; improved statistical methods as to housing need and production ; and new techniques and materials that become available to industry.

"The cost of producing housing remains a number one problem," Mr. Foley said. "ft is necessary that overall costs be reduced as related to the ability of the mass of the people to pay. This is essentially a task for private industry.

"The HHFA itself has no power to force down costs, but it can, we believe, greatly assist the efforts of private enterprise in developing means to do so. For example, while, as we have repeatedly pointed out, liberalized financing methods are not in themselves a substitute for an attack upon housing costs, they should so far as possible be used as an incentive to the production of more lower-cost housing and a means of helping to develop the full pro= ductivity of the industry."

Mr. Foley said recent cost reports from FHA field offices indicate a continued leveling off of overall costs in housing, but no general tendency to'ivard lowering of costs at the present time. He said he is hopeful, horvever, that during the coming year a trend to lorver costs rvill develop with possible stabilization of costs at a lorver level. It is too early to tell, he said, what, i{ any, effect on possible price declines may result from lifting of non-housing controls.

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