Florence Morning News Newspaper Archives Aug 17 1973, Page 14

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Florence Morning News (Newspaper) - August 17, 1973, Florence, South CarolinaAugust 17.1973 Florence morning news inner City hit hard by interest the Hivick real estate Bro kers Iti it while inflation find Liy lil credit his affecting real i a lilt smiles everywhere their it Viiu so Init dict is in the inner i ily. Where Many Blacks live. We re now in the worst credit situation says w. Presi Donl of i lie Nikiti Siml association of heal a slate lickers. The Cimon Irv a largest minority real is the real estate business has slaved town considerably everywhere. But it has t affected Ollinse in the suburbs As much Asil the credit crunch was a prime topic for he 900 Black real estate brokers Here this week for Hie 2.500-Inembcr As sociality s h annual con Ven Liun. Insl said they were making More sales in the suburbs where segregated housing Pat terns Are gradually breaking Ilmon. Hut most of their Busi Ness still lies in the inner cily. Where in is increasingly ill Linwill to sell Homes they said. The average Low income individual is not in a position to Cope with the rising costs particularly where payment of the mortgage is concerned thai is. In they Van gel a mortgage which is Milf cull in the inner said Spailding. Of Haiti More. My. Tie brokers Eli it s always been harder for Blacks to get bfjmt1 Loans thai Whites Espe really in the inner City. Since government regu lations have xxx t Pul on. It s no As bad As it used to said Willis Carson of Angeles outgoing president. Hut lending institutions still will m make Loans in Black areas readily As in others. And the in Terest rates arc Likely if be higher in some instances i his is because the housing is rundown which is what the institutions . Midian in or. Of Durham. . The association counsel said irom to 75 per cent of the Black brokers have offices in i he cily. Hut most Are doing at increasing business in Llu suburbs he said. One important reason. Midi Alix said is that most now that Mill Nile Lisl oils be open to All brokers so Black brokers have Access to All Homes so . In relation to ibis the Assoc Alion s i target is new Laws m several cities forbidding written and Telephone Solic. In at Ion of real estate. Under the Laws brokers no longer can Posl Lor Sale signs on properly. Supporters argue the Laws protect homeowners privacy. Hlawek brokers contend the Laws Are actually designed to Block integration. The association has joined in suits against the Laws in several states. Broker Marion Manor of Chicago said his City s Law has Heon declared unconstitutional but the decision is in ing appealed. Another obstacle to in 1 Geraled housing. Inc Black Bro kers feel is inc practice by Many Black As Well As while real estate brokers of showing buyers Homes Only in segregated areas. The fair housing and prohibits this. But to the Ordinary buyer it s often difficult to Tell when this practice is taking Carson. The association estimates that 110 to to per cent of Black families seeking i Smies Are conducted Loblack Neil Biji hoofs. The association is opposed to Urban renewal As a Way to clean up the inner cily. Contending it leaves poor people with no place to live. 11 supports proposals in Hallimore and i ii Ladelphia to sell substandard housing to the needy at bargain prices with the stipulation the property he improved. In Baltimore the Homes would Cost is. Says Spaulding. Instead of Urban renewal we want Urban rehabilitation. Urban renewal comes in ant lays waste to the houses. The cily loses ils tax base. The land lies Idle. And the people arc is ill crying for help the association is beads car lured in Washington and carries out lobbying efforts in Federal housing legislation we re fighting to lift the moratorium hat president in placed on Low and Middle in come says . Williamson first Black Alderman of Atlanta and chairman of the association. And we re fighting to see Hal this Revenue sharing Bill before Congress will have some Money in it for despite their problems Black brokers generally agree that business has improved in them dramatic Spanish Vinyl group bold rugged and exciting smart Spanish style sofa that features fashionable biscuit Buflod Loam seats and Back. The exposed Wood trim is in a dark Oak finish to accent the durable Black Vinyl plastic. It lakes the hardest Wear and a so easy to keep clean. Just wipe with a Damp cloth. Vinyl sofa 179 Reg. S219.95 Mart chair s89 m durable Vinyl plastic Sqq you la love the durable foam cushions and the deep buggy tufted Back provided by the shaped arms with Pillow bolsters. The wings Are upholstered in durable Vinyl with Maple Vood trim. Sofa 199 Reg. 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Kelvin Tor Spanish style solidly Buill perfectly matched beautifully carved pieces of Spanish Oak and Oak veneers. Beautiful antique Brown finish which highlights these costly Woods. You gel a 50" 7 drawer double Dresser. Large framed Mirror big 4 drawer Chest and full size lattice poster bed. 299 4 piece suite radio olympic built in 8 track tape player 60" console stereo bar 4 Speed record changer matched Walnut veneer Cabinet 40 Walts solid 5 piece Spanish Dinette 10995 Tawe and 4 chairs 7 piece Bronze one Dinette table and 6 chairs electric r Imge infinite heal switches fast surface units 2 signal lights lift off oven door 120 East Evans 276 West Evans Diamond Long play stylus Needle magic chef .16" deluxe Range no drip recessed top fast heat surface units storage 21995 magic chef 20" apartment size Gas Range no drip top Roll out smokeless broiler Chrome door handles porcelain drip trays 169 95 Kelvin Tor 12 cubic foot 2 door refrigerator deep door shelves door egg storage Eyer Freezer hods t up to 93 ibs. 339"

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