After a month of rummaging through statistics, Federal Housing Expediter Tighe E. Woods was ready to explain what he thought Congress had in mind for the nation's tenants and landlords. To assure landlords a "fair net operating income" under the new rent-control law, said Woods, his area rent offices will take a look at the books of every house and apartment owner who feels that he should get more rent. Their requests will be screened through a new formula.
Owners of small structures (four dwelling units or less) whose net operating income from rents is less than 25% of their...
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