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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jul 07, 1968
Page
32
Briar Townhouses sit beside the model sales office on East Desert Inn Road where buyers may choose their homes. More than 300 homes have already been built at Greenbriar and the Townhouses are the latest development addition.
Beginning July 3 New Jersey will permit ceilings on home loan rates up to 7 1/4 per cent and bar points from loans while New York implements a 5 to 7 1/4 per cent ceiling for certain mortgages under a new law. Banking Commissioner Charles R. Howell said the higher ceiling could lure New York City and Philadelphia lenders to switch some lending to New Jersey. In New York the state banking board may set ceilings between 5 and 7 1/4 per cent. New York lenders expect increased in state mortgage commitments as the ceiling rises from 6 per cent.
Delegates at the Nevada Society of Professional Engineers convention in Elko install new officers led by Rex A. Tynes of Las Vegas as president elect Robert Downer Carson City becomes director and five regional vice presidents are named. Principal speaker John T. Sherman of the Atomic Industrial Forum urged industry progress at the final banquet.
A HUD transit grant of 38000 funds a New Orleans study on moving passengers to and from the municipal airport. The project analyzes feasibility of a rail rapid transit line from the Union Passenger Terminal in the central business district to the airport and explores converting the terminal into a multi model transportation center for related urban transit activities.
A $13 million HUD grant funds 150 rapid transit cars for the Dan Ryan and Kennedy Expressway extensions built by Budd Company. Deliveries are set for May 1969 and target service for Chicago’s low income residents, offering wider job opportunities in the west and northwest areas.
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