New Housing Law May Boost Home Building
President Ford signed the Emergency Housing Act of 1975 to spur housing and construction by expanding GNMA mortgage purchase authority to 10 billion. The law could enable up to 300,000 new homes next year and lowers long term costs for buyers by enabling 72 percent rate loans with a 30 year term, saving about 9 000 dollars over the life of a 30 year mortgage. It also allows temporary unemployment mortgage support to prevent foreclosures if triggered by Ford, with guarantees for loans up to 250 dollars per month.
MENTIONED IN THIS ARTICLE
Washington
Ford
Government
National Mortgage Association
GNMA
Dan Kearney
Ginnie Mae
Savings and Loan
Kearney
White House
Rose Garden
Congress
Four Birthdays Same In Family
Melea Hames of Oakville Community shares a July Fourth birthday with three relatives as part of a 50 year old family tradition. The June article notes a watermelon and barbecue celebration while relatives, including three great-aunts, join in the annual holiday birthday gathering.
MENTIONED IN THIS ARTICLE
Melea Hames
Douglas Hames
Melea
Bryan
Fred Williams
Williams
Grady Lee
Bank lifts prime rate to seven percent
New York AP report says First National City Bank raised its prime lending rate four points to 7 percent, the first major bank to hike the key rate in six months. Washington brief notes the Census Bureau finds the average household now has fewer than three people, signaling a shift in American living patterns.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
Washington
Census Bureau
Washington Takes Command of Continental Army
On this day in 1775 George Washington assumed command of the Continental Army in Cambridge Massachusetts. The note appears in a daily calendar style item reflecting historical milestones.
MENTIONED IN THIS ARTICLE
George Washington
Cambridge
Mass
Price Of Gas Rises In Area
Motorists face higher fuel costs as Independence Day travel picks up. Prices rose by three cents per gallon on average with some stations charging five cents more. Decatur stations largely follow eight major oil firms pushing up prices by one to three cents.
MENTIONED IN THIS ARTICLE
Lee Sentell
Decatur
Mount Baker Threatens Calm With New Steam Activity
Washington state faces possible volcanic unrest as Mount Baker shows renewed steam and glacier shift. Officials closed about 10 000 acres of lands and waterways fearing landslides avalanches and mudflows ahead of July fourth weekend.
MENTIONED IN THIS ARTICLE
Mount Baker
Hartselle Woman Dies In Wreck
HARTSELLE A woman visiting her mother at Summerford Nursing Home was killed when her car was struck while entering U S 31 during a heavy rain. Lorene Pace Moore 45 died instantly in the crash with Steven Connelly Aldridge 18 Falkville the driver of the other car treated and released. Weather cited as possible factor witnesses said Aldridge was southbound from work around 5 15 p m Funeral services set for Saturday at Peck Funeral Home.
MENTIONED IN THIS ARTICLE
Hartselle
Summerford Nursing Home
U.S
Guy Holloway
Lorene Pace Moore
Jerry Holt
Steven Connelly Aldridge
Falkville
Mount Baker Eruption Threat Looms Over Washington NE
A volcanic eruption creates a hot glacier lake 94 F and rising, melting ice and spawning deadly fumes. New rivers darken to sewage color as fish die, with potential vast mudflows hidden beneath. Authorities foresee unpredictable danger to nearby valleys 80 miles northeast of Seattle. Washington page A-12.
MENTIONED IN THIS ARTICLE
Baker
Washington State
Seattle
Washington
Food Gifts Help Meals on Wheels Stretch Budgets
Decatur gardener Barbra Whitman proposes surplus produce from a 50 by 75 foot plot to the Morgan-Lawrence CAC Meals on Wheels. Volunteers will harvest and deliver meals as more seniors qualify, with 400 expected to be served locally once restarted.
MENTIONED IN THIS ARTICLE
Tommy Stevenson
Decature
Morgan-Lawrence
Mrs. Moody
CAC
6Th Ave
Meals On Wheels
Decatur
Cheery Street
Morgan County Department of Pensions and Security
Hartselle
Courtland
Moulton
TV Personality To Emcee Show At Miss Spirit Pageant
Clay Hart from the Lawrence Welk show will emcee the 1975 Miss Spirit of America pageant and perform during the event. Festival traffic is expected to ease with a back road loop near the golf course aiding access.
MENTIONED IN THIS ARTICLE
Clay Hart
Hart
Leon Nale
Nale
8Th St
Thai prince to attend Spirit of America Festival in Decatur
Prince M L Biraphongse Kasemsri of Thailand and his wife will join the Spirit of America Festival at Point Mallard in Decatur. Irene Shafer, festival chair, says no special royal treatment. The couple will tour Huntsville Decatur sites, including the Space and Rocket Center, during a four day visit before returning to New York.
MENTIONED IN THIS ARTICLE
Biraphongse Kasemsri
Thailand
Point Mallard
Irene Shafer
Decatur Chamber of Commerce
Randy Quarles
United Nations
Prince M. L. Biraphongse Kasemsri
Bangkok
Kasemsri
Wreck Victim Michael D. Staggs Seeks Ambulance After Collision
Michael D. Staggs 22 of Hartselle was treated at Parkway Medical Center after his motorcycle collided with a pickup driven by Mrs Clerge Andrews Simmons 31 of Crestline Place. The 4 wreck occurred Wednesday at 6th Ave SE, with hospital officials noting the ambulance response.
MENTIONED IN THIS ARTICLE
Michael D. Staggs
Hartselle
Clerge Andrews Simmons
Crestline Place
Staggs
Parkway Medical Center
6Th Ave
SE St. SE
Alred
Also Mentioned on This Page
Evans Witt
Oakville
Bobby Herbert
Elaine Gonville
Geen
Martha Anne‘s Valley
Dial
Athens
Tennessee Valley
H’selle
Prince Biraphongse Kasemsri
Huntsville
America
United States of America
Kasemsk
Robinson’s Furniture
Second Avenue
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