National Rebuilding and Development Bank Act

[AI summary unavailable — showing source text] National Rebuilding and Development Bank Act - Declares the finding of the Congress that: (1) the lack of long-range commitments and financing of efforts to rebuild blighted areas and to seek decent neighborhoods for all citizens has prevented the use of the most modern methods, caused job insecurity for employees in the industries involved, and led to higher costs than would otherwise exist; (2) lack of job security in such industries has led to the use of new technologies and resistance to the bringing in of new employees into the work force; and (3) high costs have led to rents and purchase price payments in rebuilt housing exceeding the ability to pay of residents in the communities affected, forcing many to move whether they wish to do so or not, often into worse housing at higher cost, and generating resistance to rebuilding efforts. Makes it the purpose of this Act to provide for a long-range rebuilding program to remove blight and to establish a National Rebuilding and Development Bank to make long-term funds available for construction of dwellings and related facilities in such a manner as to deal with the conditions set forth in the findings contained in this Act. Title I…