Inner-City Homeownership Program Faces Multibillion-Dollar Scandals
The AP reports critics say the federal housing push to convert low income renters into owners has become a money tree for speculators and banks. Indictments allege FHA paid inflated prices, bribed appraisers, and used straw buyers to flip houses, leaving many families in abandoned, dilapidated homes as repairs and demolitions mount.
MENTIONED IN THIS ARTICLE
Washington
G.C. Thelen
Speeu
George Lators
Romney
Encour
New York
Philadelphia
Detroit
Chicago
Ss Louis
Metropoli
Federal
National Mortgage Association
Inon
FHA
Frms
Ramshackle FHA Homes Fail to Deliver Quality in City
A St Louis woman Birdie Lee Perry recounts buying an FHA certified home to escape Pruitt Igoe crime. The house suffered rats, sewage leaks, rotten porches, crumbling plaster, faulty furnace and a fatal pneumonia in a granddaughter. Nathan Wilkins describes buying an $89,000 FHA house from a Philadelphia speculator shown by flashlight with no power.
MENTIONED IN THIS ARTICLE
St. Louis
Birdie Lee Perry
Pruitt-Igoe
Nathan Wilkins
Philadelphia
Wilkins
Jefferson Phys Ed Program Set At School Gym
The Jefferson Elementary School will hold a physical education program in the school gym Thursday at 7 30. Kindergarten through fifth grade students will participate in activities like Parachute Play Hoppity and Scotter Basketball and the event will cost 25 cents admission.
MENTIONED IN THIS ARTICLE
Jefferson
Patrick
Cea
Jefferson Elementary
Lishing
FHA
Starking
Scotter
Tory
Milton P. Semer
Three Nominated To State Boards In Ohio
Gov. John Gilligan announced three nominations to state boards and commissions. John Thomas Grace of Cincinnati was named to the Ohio Thoroughbred Race Fund Advisory Committee. Samuel Frantz of Dublin was reappointed to the Ohio Water Commission representing agriculture. Philip O Day of Columbus was reappointed to the Employment Compensation Board of Review as a representative of employees.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
John Gilligan
John Thomas Grace
Cincinnati
Ohio Thoroughbred Race Fund
Samuel Frantz
Dublin
Ohio Water Commission
Also Mentioned on This Page
S. Verity Parkway
Verity Parkway
Lae “Ag
Loin
Loin End
Miami Valley
Ibacon
Butte
Wlli, A Ns
Arfly Pork Chops
Bob Evans
New York City
Theodore Clearfield
Senate
Hugh Scott
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