Section 15
SEC. 15. Paragraph (d) of Section twenty-six of the same Act is re-designated paragraph (f) and two new paragraphs to be known as paragraphs (d) and (e) are inserted in the same section, to read as follows: "(d) In direct housing loans to employee-members of the System, giving priority to the low-income groups, up to a maximum of sixty per centum of the appraised value of the properties to be mortgaged by the borrowers under such rules and regulations as the Commission may adopt, and in building projects referred to in Section four (j) of this Act: Provided, That the total of such investment shall not exceed forty per centum of the total funds available for investment. "(e) In investments which will provide credit facilities for small short-term loans to employee-members."