standards of planning and construction; substantial deficiencies in housing

standards of planning and construction; substantial deficiencies in housing Sec. 304. Section 504 of the Servicemen’s Readjustment Act of 1944, as amended, is amended by striking out subsection (b) and inserting in lieu thereof the following new subsections: “(b) No loan for the purchase or construction of residential property on which construction is begun subsequent to sixty days from the date the Veterans’ Readjustment Assistance Act of 1952 becomes effective shall be financed through the assistance of the provisions of this title unless the property meets or exceeds minimum requirements for planning, construction, and general acceptability prescribed by the Administrator: Provided, That subsection 504 (b) as originally enacted shall continue to be applicable to construction begun prior to the end of such sixty-day period: Provided further, That this subsection shall not apply to a loan for the purchase of residential property the construction of which was completed more than one year prior to the mailing of such loan. “(c) The Administrator shall have the right to refuse to appraise any dwelling or housing project owned, sponsored, or to be constructed by any person identified with housing previously sold to veterans under this title as to which substantial deficiencies have been discovered, or as to which there has been a failure or indicated inability to discharge contractual liabilities to veterans, or as to which it is ascertained that the type of contract of sale or the methods or practices pursued in relation to the marketing of such properties were unfair or unduly prejudicial to veteran purchasers.”