findings and purpose

findings and purpose Sec. 601. Section 1102 (b) of the Housing and Urban Development Act of 1968 is amended by striking out “and” immediately before “(2)”, and by inserting before the period at the end thereof the following; “; and (3) provide direct insurance through the facilities of the Federal Government in the case of properties for which statewide programs and the Federal reinsurance program either do not make crime insurance available or offer such insurance to property owners only at prohibitive cost”.