New Housing To Be Slow In 1980 Says S&L Leader
Jay Janis, chairman of the Federal Home Loan Bank Board, warned at the National Savings and Loan League convention that housing starts may fall about 20 percent in early 1980 and mortgage rates could reach 14 percent in many areas. He cited Fed action and warned of inflation’s impact, but predicted a rapid recovery once medicine takes effect and urged relief not to burden housing, the S&L sector, or first time buyers. He noted ongoing demand despite high housing costs and projected strong long term prospects into the 1980s, with 42 million Americans reaching age 30 this decade.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Federal Home Loan Bank Board
Savings and
Jay Janis
National Savings and Loan League
Janis
Federal Reserve Board
Fed
S&l
KPERS Boss Under Fire Over Kansas Pension Policies
State Sen. Arnold Berman calls for KPERS executive secretary John Corkhill to be fired, accusing him of favoring big urban financial centers and opposing Kansas investment, a stance seen as harming mortgage access and the state economy. Corkhill unavailable for comment as he left work.
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Topeka
Kan
Arnold Berman
D-Lawrence
Kansas Public Employees Retirement System
John Corkhill
KPERS
Kansas
Corkhill
State of
Berman
New York
Chicago
Los Angeles
Atlanta
Lawrence Democrat
Senate Rejects Fuel Aid Plan for Poor and Elderly
The Senate defeated 47 to 43 a proposal to provide 1.35 billion dollars in winter fuel aid for the poor and elderly. Javits pressed to bypass procedures, saying the program would help households unable to cover skyrocketing heating costs, with payments up to 400 dollars per eligible Social Security recipient.
MENTIONED IN THIS ARTICLE
Washington
Senate
Jacob Javits
R-N.y
Interior Department
Javits
Senate Human Resources Committee
Community Services Agency
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