Section 220

Citation: Section 220
Parent Document: Tenants' Council of Tiber Island-Carrollsburg Square v. James Lynn, Individually and in His Capacity as Secretary of Housing and Urbandevelopment, 497 F.2d 648 (1973)
Jurisdiction: United States (federal)
Effective Date: 1973-12-20
Original Source: https://www.courtlistener.com/opinion/319420/tenants-council-of-tiber-island-... ↗

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. Plaintiffs have argued that “abuse” under prior housing statutes, examined by the Senate Committee during hearings on § 220, led Congress to provide authority to fix rents. The abuses found, however, were unrelated to rent charges. What concerned the Congress was the so-called practice of “mortgaging-out” by which developers reaped windfall profits on the receipt of the mortgages, by building for less than the mortgaging amounts. See Senate Hearings, supra note 12, at 1375-76. The language of discretionary rental restrictions was in the bill as introduced by the House, before the “mortgaging-out” problem emerged at the hearings, and the solution of cost-certification prior to mortgage approval was later provided by regulations. 24 C.F.R. § 220.-618 (1972).

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