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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 9, 1972, Lethbridge, Alberta ThurKlay, March 9, THE tETHBRIDG! HERAID 15 Assisted home ownership helps low-income families buy houses lly IIICDAKI) BUHKK Slafi Writer What (Iocs it take to pur- chase a home? Obviously, money. Where docs the money fome from? If you have an above-average income, you miglit be able to save enough money for a downpaymcnt, usually 10 per cent or more of Hie value of the house. If not, the odds are against yon. According to figures re- leased by Statistics Canada, more than 60 cent of the people in the province had an income under in 1971. At the rate, it is not onlv difficult to come up with the downpayment of or more, but a monthly payment, often as high or higher than rental facilities in Lethbridge can be equally prohibitive. One large rental agency in the city, for example, has 130 unite of which 95 are occupied. The average rent is SI50 per month for a one bedroom suite and goes as high as per month for a two bedroom apartment. Another agency has a range from per month for a one- bedroom basement suite to 5170 for a two-bedroom apartment, A survey of rental accommo- dations advertised in The Her- 18 ald Jan. 20 .showed an monthly rent of suites. A month later, another sur- vey of 23 suites indicated un average monthly rent of For (he two bedroom apart- ments, the average retit was unfurnished. Sevenl-een numbers were called. One bedroom w ere renting for SHG on the average with a sample of six taken. Based on federal government estimates, a family should con- tribute no more than 2o per cent of its income to housing. At per year, housing should account for no more than or ?125 per month. At per month, based on the same income, a family would putting out a year or 30 per cent of its in- come for rent. How do you get out of the rout dilemma if you are in the average-income bracket? The assisted home ownership program could be one way. Living in a tent is another. Assuming it is more de- sirable to live in a house than a tent, you can by' first contacting one of several local developers building houses under the program. Since the program began in early 1970, 124 units have been built at a cost of Dance Festival starts Monday The ninth annual Alberta Dance Festival will get under way Monday in the Yates Memorial Cenlre. Sponsored by the Lelhbridge Gyro Club and the Lcthbridge Ballet Auxiliary, the festival has grown in size dramatically, increasing from a day run in 1964 to six days this year and involving close to entries from throughout the province. As in 1971, all INSURANCE LIABILITY BONDS AUTO FIRE ROSSITER AGENCIES LTD. ESTABLISHED 1911 Lower Floor 517 4lh Avc. S. Phone 327-1541 tap, stage, Highland and Irish be held entirely in the Yates Centre. The classes will run all week, excluding ballet which begins Wednesday. Something new is adrted this year. A workshop will be held Sunday following (he festival, conducted by the three adjudi- cators, Lois Smith, Dorothy Kerr and Roland. The workshop is open to all participants and will be held in the Yates Centre and the JolKffe Academy of Dancing studio. Admission to a half day ses- sion is 50 cents, The Saturday evening performance, which is a program of festival high- lights and presentation of awards, will have a adrilis- sion for adults and a admis- sion for students under 15. Proceeds will go towards fes- tival scholarships. Tickets will be available from the Yates box office dur- ing the festival. THE YORK COFFEE SHOP YORK KOTEL-i3th Street North Is now under the new management of ROBERT WONG Open Daily 6 a.m.-2 a.m. except Sundays Nu Mode Homes has con- structed 50 units to date and has started on 22 more which will bo ready for occupancy in July. For down and a mini- mum of a month, you can get into a two bedroom semi- detached unit built by Nu Mode. The total cost of the two-bed- room home, with 080 square feet of floor area, is For a Uiree liedroom home built by Nu-Mode, the down- payment is The monthly payment toward a total price of is a minimum oj 597. The three- bedroom units have a floor area of 850 square feet. Waller Stewart, president of Nu-Mode, said the housing is not substandard, but is built to the same spec if icati oils as more expensive houses. He said volume buying and semi mass production keeps the price down. Engineered Homes has also been involved in the program and "is looking into it all the time" to continue, according to Keilh Ilickerton, manager ol Engineered. The firm built 28 semi- detached units last year, which were all sold a short time after the project was completed, Mr. Bickerfon said. Five single family houses are now under construction and have already been sold. The cost of a 912 square foot, three bedroom bouse is With a dowupayment. of SI ,275 arid the maximum gov- ernment subsidies, the monthly payment, including principle, interest and taxes, is The WO square foot houses sold for A downpay- ment of left, a balance to be paid at a month, in- cluding principle, interest and taxes. Mr. Bickerton said with the subsidies, the home owners save about. a month. The houses are built to quali- fy for the program without a loss in qualify, he said. The same basic construction as any other Engineered home is used but some of the frills, such as showers, vanities and carpet- ting, are cut out to lower tho cost, he said. A tliird type of development is the town house, built by Fraiidsen Developments. Forty units have been built in the last year and 10 are left to be sold. A three bedroom unit, with two storeys and a basement You can buy one of the town houses for down and a monthly payment of between and a month, provided your income is between and a year. The downpayrnent on a two- bedroom unit is and the monthly payment range is to including principle, terest and taxes. What is the demand for as- sisted home ownership houses? Bud McKUlop of McKUlop Agencies said between 50 and 60 people have applied to buy the town house units in the past two months. One in four qualifies, he said. Nu-Mode Homes sold 33 unils in three weeks. The qualification is deter- mined by Central Mortage and Housing Corporation. An appli- cation provided by (he devel- oper is sent to CMHC after it has been filled out by the per- spective buyer. A statement ol income from the buyer's em- ployer is also required. A general income range is to annually per family to qualify. Availability of the downpayment is also necessary. At the bottom end of the in- come range, a family can re- ceive the maximum Hi per cent subsidy from the federal government and two per cent from the provincial govern- ment. As the income increases, the amount of the subsidy de creases. The subsidy is applied to the 8% per cent interest rate charged on the mortgage. Re- payment of the loan is usually spread over a 25-year pciiod. Chick Ilenwcod, manager of the local CMHC office, said the program is working "extreme- ly well in Lcthbridge." He empliasized the program is low cost only in that the i are required to meet all NHA buyers arc assisted by the sub-! building standards, as are any sidics. Otherwise, the houses i new houses. New French course developed, in city An improved method o f teaching high school French has hepn ripviKpri hv twn has been devised by two Leth- bridge Gaston Renmirj, a professor of Mode rn La n gu a ges at t he University of Lethbridge and Jolianne Vander B e e k, a Frencli teacher at the Leth- bridge Collegiate Institute de- veloped the program between Oct. 1970 and Aug. 1971, It involves two new textbooks and n series of nine audio tapes for use in language labs. Mrs. Vander Beek said the the same basic principles, but the words are used in several dif- ferent ways. This serves to maintain stu- dent interest in addition to familiarizing the students with the various ways in which words can be used. Since the tapes and books came onto the market, they have been sold to approximate- ly 125 schools in Alberta, Bri- tish Columbia and Manitoba. The teachers also plan to at- tempt to break into the United States market. Several sets have also been sold to individuals wishing to improve their French. The new tapes and books are designed to supplement the present text books used in most schools. NORTH LETHBRIDGE "Your Store For Hard-to-Find Hardware" r it Come. in. and select your seeds from our complete stock of Flower and Vegetable Seeds. We carry both Steele Briggs and McKenzie Seeds. GIVE YOUR PLANTS AN EARLY START WITH THESE ITEMS: PEAT POTS CLAY POTS FIBRE POTS PLASTIC POTS PLASTIC PLANTERS 20.20-20 WATER SO1U8LE PIANT FOOD AFRICAN VIOIET FOOD SEQUE5TRENE HYPONEX ROOTONE GREEN GARDE PIANT SHINE INSTANT VICORO RX-15 RX-20 RX-30 PEAT MOSS 1 quart size 35C 1 peck size.............. 69c 3 peck size 99c VERMICULITE 2 qunrt JIFFY PEAT PELLETS The quick way lo start early pfantj 12 pellet, ,Q per package Fkg. Horticultural Charcoal 35c AFRICAN VIOLET SOIL 1 quarl size 29e 3 quart size............. 95e PER LITE quart size FIBRE PLANT POTS 4" Round, 6 per pkg................. 5" Round, 6 per pkg................. 79c 6" Round, 6 per pkg................. Pkg. 89c FIBRE BEDDING PLANT BOXES pkg. o( 8 ?9C pkg. of 8.................... Pkg. 79e ALL PURPOSE SOIL 1 Quart size................29g I 10 Ib. size 3 Quart size.................gtjg J 25 Ib. FIRTABS 13.1 Ml pltml food. liO tablets per package fel 50C WATCH FOR THE ARRIVAL OF THE 1972 MODELS IN GAS AND ELECTRIC LAWN MOWERS TORO JACOBSEN M.T.D. GENERAL ELECTRIC Stttrt the year with a new lawn mower Trade in your old mower on a new one NORTH LETHBRIDGE STORE HOURS: Monday, Tuesday, Wednesday and Saturday a.m. to p.m. Thursday and Friday a.m. to p.m. Here, truly is on exceptional value even without these special Annual Sate Savings! You would expect to pay much more for the outstanding vivid viewing enjoyment brought to you by the Total Automatic Colour System and new Matrix Tube plus the fine design offered by Contemporary model 7120. Its sEmpfe, yet attractive cabinet measures a space-saving t, D, H; with a richly grained Wnlnul finish on selected hardwood solids, well as on the hordboard top and end panels. Come in today ond treat yourself to ths wonderful world of Ma9navox Colour 7V! NOW ONLY Thursday-Friday-Saturday, March AT OUR COLLEGE MAIL LOCATION FREE COFFEE AND DONUTS PRIZES For further details listen to CJOC RADIO (live coverage) THURSDAY, FRIDAY, SATURDAY ;