This committee has two divisions. one having to do with postwar housing and another with the liquidation of postwar inventories. This week I am informed by the chairman of the postwar housing phase that in the program in my home city in addition to a 250unit dwelling project now being completed under the Lanham Act an additional one is being planned. and that over and above those two propositions a group of Austrian. German. and Russian refugees have had their representative in my home city of Saginaw soliciting loans from oneof.the building and loan associations to build a considerable number of houses for war and postwar occupancy. I understand from the chairman of this committee that these people have brought in an enormous amount of foreign exchange which has been converted into dollars. and that they are now proceeding throughout the United States. going to those cities where builfing priorities have not yet been allocated but which are on the barrel head subject to being allocated and picking up that opportunity and proceeding to finance housing against private ownership and public housing operations. I wonder if the gentleman from Texas can give me any- information on that?
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refugees