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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Nov 23, 1948
Page
16
Federal Housing Administration staff valuator P. Atwood reports receipt of new rules for the rental housing yield insurance program. The administrative rules were written into the National Housing Act during a recent special session of Congress.
A revolving fund of 10 million dollars funds insurance for economically sound FHA rental projects. Insurance charges 1 percent annual premium, with provisions for excess earnings, claims, and possible FHA acquisition of underperforming projects. Field offices stand ready to assist investors nationwide. Honest Coins Boston reports 19 million transit coins deposited with only one counterfeit found in 30 days.
Houston area residents hire a law firm and seek a chemist to analyze paint soil and shrubs after a smog incident. Fifteen homes damaged with up to 500 dollars each as pink turning houses darken. a citizen committee leads the push for action. A separate Mass incident ends with a man hospitalized after a street cleaner broom swipe.
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