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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 21, 1968
Page
2
The 1968 Housing Act broadens rent and mortgage subsidies with low down payments and 1 percent interest for homes up to 15000 dollars, extending to high cost areas. It widens savings and loan operations, adds mobile home and vacation home financing, raises FHA Title I limits, and creates new insurance for certain buyers and vacation home loans while boosting urban renewal efforts.
Residential construction in Arizona rose 13 percent in October year over year, with total 1968 construction up two percent from 1967. Non residential work fell 15 percent, nonbuilding down 61 percent, while overall 1968 figures show non residential 10 percent ahead and residential 10 percent ahead of last year.
One of the last houses in Park Scottsdale II and neighboring lots will be the final small-lot single family dwelling Hallcraft Homes builds in Scottsdale for some time. Spokespersons for the company indicated the pause reflects strategic market decisions and local development changes.
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