President Signs Bill To Aid Lagging Home Building Industry
Washington AP President Nixon signed the Emergency Home Finance Act to pump mortgage money into the lagging home building sector. The measure authorizes 1.2 billion for mortgage subsidy programs aiding middle income families and expanding loan availability. It includes a 950 million subsidy for Federal Home Loan Banks and aims to spur 1.1 billion jobs in construction. The act could free billions for private housing via FNMA underwrite and subsidize interest rates.
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D-Tex
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Ala
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Federal National Mortgage Association
FNMA
Life contract ends for NASA astronauts widows and heirs
Space Center Houston reports Life magazine contract totaling 200000 shared among 61 to 62 participants including widows of eight deceased astronauts. Tom Stafford says renewal offer rejected. initial 1962 program paid about 12500 first year with 3000 last year for each participant.
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Houston
UPI
Life Magazine
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Ralph Traves
Life
Tom Stafford
The
Manned Center
Stafford
U.S
Neil A. Armstrong
Edwin E. Aldrin
Michael Collins
Stennis pushes ABM expansion to counter Russian threat
Senate debate opens on a $19.2 billion military procurement bill as Sen. John C. Stennis argues for expanding the Antiballistic Missile System to guard against growing Soviet intercontinental missiles. He calls the threat grim and cites national survival as the top priority, while Sen. William Proxmire urges cutting $4 billion from the strategic budget amid fears of reduced deterrence.
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UPS
John C. Stennis
D-Miss
Senate
Stennis
Thel Armed Services Committee
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