FHA Down Payments Lowered In Home Building Bill
Congress approves a compromise housing bill lowering FHA down payments to three percent for the first 10 000 value and fifteen percent on the next 6 000 with 30 percent above that. The measure authorizes 1.76 billion dollars to spur home building and add financing through FNMA.
MENTIONED IN THIS ARTICLE
Washington
INS
House-Senate
FHA
Federal National Mortgage Assn
FNMA
Special -Assistance Authority
Senate panel restores cuts in arms money
The Senate Military Appropriations subcommittee restored about 971 million of House cuts in the defense funding bill, bringing the total to 34.534 billion dollars. The Air Force is reported to receive about 506 million of the restored funds, with debate to continue in full committee. President Eisenhower hailed the move as a budget victory and a first substantial Senate increase to a House-passed appropriation this year.
MENTIONED IN THIS ARTICLE
Washington
INS
Senate Military Appropriations Subcommittee
House
Ain Barco
Eisenhower
Chavez
Appropriations Committee
Air Force
Senate
Soil Bank Plan Extended by Lawmakers
Congressional conferees agreed to extend President Eisenhower's soil bank for more than a year. They plan to provide 500 million dollars in 1958 for the acreage reserve program, after the House had struck it from the agriculture appropriation measure.
MENTIONED IN THIS ARTICLE
Washington
INS
House
Senate
Eisenhower
French Launch Turning Point Operation In Algeria
Paris reports French troops in northeastern Algeria attempting to encircle a rebel stronghold in a sweeping action named Operation Turning Point. Officials say the move aims to seal off the north coastal mountains behind Collo while artillery and air units hit the area.
MENTIONED IN THIS ARTICLE
Paris
INS
Algeria
Michel Gorlin
Robert Lacoste
Algiers
Cayl
Gorlin
Department of Constantine
Collo
Taher
Also Mentioned on This Page
Solons
Bill
Conference Committee
Jlbuney Vu Vue Saaa 4
Dennis Chavez
DN. M
Nis
Stride Rite Shoes
Woodrums
Simmons
Simmons Famous
Virginia Street
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