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1	merely because of the requirement that non-profit organi-
2	nations had to be sponsoring corporations in order to
3	receive the Federal subsidy, but the. net result of the
4	Federal Act has been the creation of a number of enterprise
5	in order to receive the benefit of Federal financial assis-
6	tance, which have also now got as the tail end factor the
7	benefit of local property tax exemption.
8	So that we have projects, apartment buildings,
9	going up sponsored by churches and unions and other non-
10	profit organizations which will be charging rents of
11	100, $150 a month or more to people who are not necessarily
12	deemed to be needy, but for whom there is a need to provide
13	moderate income housing.
14	At the same time we have this set of circumstance
15	we have the Federal Government involved in a system of
16	finance, in the same housing act, but an older version
17	of it, for public housing. The Federal Government in this
18	case insists that the local government must enter into an
19	agreement with the local housing authority as to the nature
20	of payments in lieu of taxes to be paid by that local
21	housing authority in order that the amount of tax subsidy