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Lubbock Avalanche Journal in Lubbock, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Jul 25, 1970

Page

2

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.

Washington Nixon Wright Patmran D-Tex Savings and Loan Associations Congress Labor John J. Sparkman Ala Federal Home ‘Loan Banks 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.

Space. Center Houston UPI Life Magazine Aman 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.

Washington UPS John C. Stennis D-Miss Senate Stennis Thel Armed Services Committee

Also Mentioned on This Page

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