supplemental grants to encourage urban renewal loans from private sources

supplemental grants to encourage urban renewal loans from private sources Sec. 208. The proviso in the first paragraph of section 102(c) of the Housing Act of 1949 is amended— (1) by striking out “, if”; (2) by striking out “, the interest rate on such a loan from a source other than the Federal Government is greater than the rate 83 Stat. 388 at which funds could be made available under the Federal loan contract,”; (3) by striking out “from such sources” and inserting in lieu thereof “from a source other than the Federal Government”; and (4) by inserting “or a supplemental grant in an amount which he determines is necessary to enable a local public agency to obtain funds from a source other than the Federal Government” immediately after “contract rate”.