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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 28, 1974, Lethbridge, Alberta Housing business up in South AHC fighting three-week backlog By MURDOCH MACLEOD Herald Staff Writer First of two parts PINCHER CREEK Pincher Creek is a prosperous foothills town, with two nearby gas plants supplementing its economic backbone ranching to produce a thriving community. Three new housing areas are evi- dent to the visitor one to the north, one to the south, and one to the west in the canyon area. One local real estate man says Central Mortage and Housing Corp. and Alberta Housing Corp. mortgages seem fairly easy to ob- tain, the only buyers with problems are those who act without the advice of an expert, such as a lawyer, banker or realtor. One problem in the business is that some young people want to buy more than they can afford and have to be discouraged, he says. 'NOW GENERATION' You can't get a loan if your income and expenses only make you eligible for The "now generation" sometimes wants now what its parents worked towards for 20 years, contrasting a used house needing some repairs un- favorably with a modern apartment, he says. But buying any house if you can is- a good idea, he says. You don't lose your money when you move out, as a renter does, because the property usually goes up in value. The margin can be a down payment on a better house. Wayne Wendell, Lethbridge regional branch manager for AHC, says the corporation has been runn- ing a three week backlog of applications since July. Business has even increased, when most mortage institutions suf- fer a pre Christmas slump, he says. There's no difference between towns and cities in handing out AHC funds, he says. A house that costs in Fort Macleod might cost in Lethbridge. DOWN PAYMENT The mortgage will be the same through AHC, so the buyer of the Lethbridge house will actually need a bigger down payment, he suggested. L. R. Martin, manager of the Royal Bank of Canada branch in Pincher Creek, says interest rates don't deter people from buying houses. The Royal Bank was the only bank granting mortgages in Pincher Creek for a time, when funds were tight, but other institutions have resumed he says. Business is lively, with CMHC mortgages going well, he says. They are the only type the bank has been handling. CMHC mortgages carry an insurance fund which pays off the bad loans, making them attractive to financial institutions. Mr. Wendell says AHC's activities are limited to single family, owner occupied houses. RENTAL HOUSING Some speculative loans to builders are made, he adds. Some funds are available for construction of rental .housing, but this has last priority for AHC money right now. AHC lending limits are for existing housing and for new construction. But a person with a large down payment available, say from the sale of a previous home, wouldn't be eligible for 000 in assistance, says Mr. Wendell. "What we're trying to do is supply housing to the low and middle in- come he says. He also hopes banks and similar institutions will be more active in the next quarter. All AHC mortgages are written at 11 per cent, he says, but it can be scaled down. If a family income is a year or less, the mortgage is registered at 11 per cent and a separate agreement reduces the in- terest to about nine per cent. INTEREST PAYMENTS A mortgage at 11 per cent per year would result in payments of about a month. That's just the principal and interest, not the mortgage insurance or taxes, he says. Ralph Curran, Lethbridge branch manager of the CMCH, says loans by approved lenders make up most of the corporation's business in the South. Under the National Housing Act, they are insured by the CMCH. In some programs, such as the Assisted Home Ownership Plan, the corporation makes mortgages, says Mr. Curran. These are designed to give the most assistance to the person who most needs he says, "But we are a lender of last resort, other than through an insured loan." Some direct lending programs, for purchasers with more money than those eligible for AHOP, re- quire a first refusal by a conven- tional lending institution, he says The CMHC doesn't lead directly in Lethbridge, he says. Conventional lenders are more active in larger centres, and money is not as available in smaller towns. LIVING EXPENSES AHOP loans involve a five per cent down payment and a monthly payment of 20 per cent or 25 per cent of a family's "adjusted which takes taxes and living ex- penses into account. All loans are written at 11 per cent, but in some cases assistance programs bring the interest down to about the equivalent of eight per cent, he adds. Only families with children are eligible. Saturday, December 28, 1974 THE LETHBRIDGE HERALD 17 Airport improvement application received South In short Town will honor pledge CLARESHOLM (HNS) Ray Lane, president of the Claresholm Stampede and Fair Association, has received assurance from town council that the town will honor a former pledge and supply water to the new race track and indoor rodeo site. In a recent land swap, the town received 78 acres one mile south of town and the Willow Creek Agricultural Society and the fair association received about 30 acres of land just north of the Willow Creek Composite High School. It will cost to supply water to the new fairgrounds council learned. Mr. Lane reminded council of its agreement to supply water to the old site. Coun. May Stewart's motion that the town attempt to provide water to the stampede grounds pending further developments north of 57th Avenue W. was carried. Taber band nearer goal TABER (HNS) A fund raising drive for expenses next summer of the W. R. Myers High School band and chorus has passed the mark. The goal is to send the musicians to England next summer. A cheque from the Taber Barnwell Sugar Beet Growers Association for brought the total to This money was raised when about 100 students and parents provided dinner for the annual growers' banquet. A total of 750 places were set. A recent auction sale of donated items brought in Donations of each came from the Royal Canadian Legion Auxiliary and the Taber Kinsmen Club. School and RCMP band concerts brought in and Official flays school grants By GEOFF TAGG Special Correspondent FOREMOST (Special) The County of Forty Mile school committee is unhappy about the way the department of education is operating some of its grant programs, es- pecially those relating to such things as school renovations and improvements. One such program was the Building Quality Restoration Program, in effect during the summer of 1974. Superintendent Clifford Elle says a number of such programs have been introduc- Accounting machine expected Square dance club sets frolic The Milk River Belles 'n' Beaux Square Dance Club will hold a New Year's Frolic Dec. 31 at p.m. in the Warner School auditorium. College closer to reality CRANBROOK (Special) The East Kootenay will get a community college, says Frank Shepherd, research consultant to Education Minister Eileen Dailly. An advisory committee has been established and this "means a community says Mr. Shepherd. Benoit speaks to Socreds NANTON (Special) The Highwood Social Credit Associa- tion recently was informed by MLA Ed Benoit that the most im- portant element of Social Credit policy is the "obligation to be morally right rather than do what is politically expedient." Reporting on the recent convention at Edmonton, Mrs. Benoit said Miriam Reumper was named president of the Alberta Social Credit League Women's Auxiliary. Gale Howard is first vice president and Margaret Andrews is second vice president. Hear more clearly without irritating background noise. Zenith's new Directional Hearing Aid. If you find that much of the sound you hear is harsh, irritating noise, then our new Directional hearing aid, the "Royal D" could be just right for you. This com- --------------fortable aid brings you clear, rich sound at a pleasant level as it softens and reduces harsh unwanted back- ground noise from the side and rear. Come in for a demonstration of the "Royal D" or any other aid from Zenith's line of more than 20 quality-aids at no cost or obligation. Batteries for all makes of hearing aids. The quality goes in before the name goes on. LEISTER'S MUSIC LTD. F. A. LEISTER, CtttiNrt HMftJrtl AMHOWM Helping the hard of hearing since 1943 PiriMMtThntnlUi. 328-4080.327-2272 FOREMOST (Special) A large new arrival to the Coun- ty of Forty Mile office will be unveiled early in the New Year. Delivery is expected soon of a new multi purpose book keeping machine, -the NCR 399. It is expected to make the process of accounting for the county far more efficient. County Administrator Roy R. Wallman, along with office staff comprising Mickey Whittle, Shirley Wolfe and Mary Williamson recently attended a two day training course at Calgary. It was reported to the December meeting of county council that the trip was worthwhile and all operators passed their examinations on handling the machine. This will assist them when the machine is installed, for it will mean that they will be able to begin programming immediately instead of having to learn operational procedures. Mr. Wallman worked with the company's programmer to further some of the specific requirements of the county regarding payroll, cheque lists and treasurer's reports. The council was advised by letter from the minister of agriculture that a new Domestic Animals Act would be introduced in 1975. A report was received from the County of Forty Mile recreation board which in- dicates that grants have been applied for Project Co opera- tion for the various portions of the grant. The area covered is that which falls outside the recreation grant areas of Foremost, Bow Island and Burdett. In 1973 the grant amounted to and in 1974 it was ed recetly but they serve only to make it very difficult to plan on a long term basis. School districts were in- vited to submit proposals for improving the quality of school buildings. The County of Forty Mile submitted a number of proposals, some of which were accepted. Under this program the government would pay up to a maximum of 80 per cent of the estimated cost. However, a number of additional factors are also taken into con- sideration, including the age of the building and the relative capacity of the building in question. Under the program, one such project for accoustical floor covering was estimated at for which a grant of only was offered. This was based on the fact that the school was a mere 18 years old and operating at less then full capacity. The county in this case did not feel that the additional ex- penditure on this item was of sufficient priority to justify spending an additional At its December meeting, the school committee gave the go ahead for two projects un- der this program. The coal furnace at the Conquerville School will be converted to natural gas. The county will receive a grant of towards the total cost of Accoustical floor covering will be installed in the elementary library at the Foremost School, though the exact cost has not yet been determined. The problem of this and other such programs, says Mr. Elle, is their imprecise nature. "We are given a few months to apply for these says Mr. Elle "and some are approved while others not." He maintains that school boards do not know far ahead of time which programs are proposed and how long the money will last. They don't know whether the grants will be available next year. "It makes long range planning virtually im- Mr. Elle says. It appears that such spon- taneous and short term grants actually penalize boards that are progressive and far sighted. Mr. Elle quoted an example where showers were installed, at considerable expense, in one school earlrer this year. Soon afterwards a grant was announced that could possibly have been utilized to pay for such a project in a small rural authority where finance is tight. "Perhaps the answer is to adopt a wait and see at- suggests Mr. Elle. Crowsnest Pass Bureau NEWS-CIRCUUTION-JOBPRINTING VERNON DBCOUX, i., M2-214t CLARESHOLM (HNS) The transport, research and development division of the provincial department of in- dustry and commerce has acknowledged town council's application for a grant to improve the airport. The town applied for the money under the provincial airport development program. It now awaits approval of the application. The money will help pay the costs of constructing the new airport terminal. It will also be used for runway lighting and a communication system. In other business, council refused the application of Margaret Lipkind to purchase a lot in an industrials area of town for Her house, purchased some years ago, was recently discovered to be on this town owned land. Council will rent the site to her until she can have the house moved to a residential area lot. FIRE TRUCK Council approved a motion by Coun. Esper Esperson to withhold still owing to the Silver Line Fire Equip- ment Company of Vancouver on the new fire truck. The unit has a vibration problem, either in the drive train, the transfer case to the pumps or on the chassis. Council wants the problem rectified. Council decided to tell Calgary Power to proceed with electrical service to the pedestrian flashing lights. There will be no construction costs but a hookup charge. A letter will be sent to the department of highways. Council will apply for the department of culture, youth and recreation grant for fencing, landscaping and levelling graves in cemeteries of historical importance. The Alberta Heart Founda- tion was authorized to hold a canvass here in February. Local improvement fron- tage taxes of from 1972 to 1986 for Ritzen Hardware here, were cancelled. Council introduced a bylaw to give an eight per cent dis- count on taxes paid before March 1. Mayor Ernie Patterson and Coun. Stan Stoklosa voted against the measure. RADIO SOLD Council learned three fifths of the old hospital is heated at an estimated cost of and completion of the job by Ritt Metals will be done in January. Council accepted the offer of William Trimble to purchase a two way radio from the old ambulance for Coun. Donald Johnstone will contact government departments to request a more advanced weather sta- tion at the Claresholm In- dustrial Airport. Coun. Stoklosa's motion was approved ordering a summary report of development per- mits and building permits at each regular council meeting. INSTALLATION FURNACES 1709-2nd Ave. S. Phone 328-5973 Employees! Employers! Higher minimum wages! EFFECTIVE JANUARY 1st, 1975 The MINIMUM WAGE is increased to PER HOUR EFFECTIVE JULY 1st, 1975 The MINIMUM WAGE is increased to PER HOUR (Above applicable only to persons 18 years of age and over.) EFFECTIVE JANUARY 1st, 1975 The MINIMUM WAGE is increased to PER HOUR EFFECTIVE JULY 1st, 1975 The MINIMUM WAGE is increased to PER HOUR (Above applicable only to persons under the full age of 18 years.) EFFECTIVE JANUARY 1st, 1975 STUDENTS under 18 years of age and employed on a PART-TIME basis while attending school will be paid a MINIMUM WAGE of PER HOUR. EFFECTIVE JULY 1st, 1975 STUDENTS under 18 years of age and employed on a PART-TIME basis while attending school will be paid a MINIMUM WAGE of PER HOUR. The MINIMUM WAGE for OVERTIME PAYMENT IS TIME AND ONE HALF of the ordinary wage paid. DEDUCTIONS from the MINIMUM WAGE for board and lodging furnished by an employer SHALL NOT EXCEED 75 for a single consumed meal, per day for lodging. FOR FURTHER INFORMATION PLEASE CALL THE NUMBER IN YOUR AREA EDMONTON RED DEER MEDICINE HAT CALGARY LETHBRIDGE GRANDE PRAIRIE 488-8105 347-3415 527-8861 261-6555 328-4471 532-2481 MANPOWER AND LABOUR Labour Standards Branch ;