Section 3
SEC. 3. To bring the dwelling units in its housing projects within the reach of families belonging to the lowest economic class possible, the People's Homesite and Housing Corporation is authorized to amortize the cost of said projects for a period longer than, but not exceeding twice the redemption period of the bonds, and to contribute to the sinking fund under section two of Republic Act Numbered One thousand only the net income of said projects. However, when the bonds near maturity, the estimated deficiency and the People's Homesite and Housing Corporation contribution to the sinking fund shall be raised from another set of bonds to be sold under the provisions of this Act and Republic Act Numbered One thousand.