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Scottsdale Progress in Scottsdale, Arizona

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Mar 29, 1975

Page

5

Brandeis committee to host benefit home tour in Scottsdale

The Phoenix Chapter Brandeis National Women's Committee will tour five homes on April 11 in the North Central and Paradise Valley area. The Gelt residence at 5815 E Indian Bend Rd is among them, with proceeds supporting Brandeis University libraries in Waltham Mass. Expected funds between 3500 and 4000 dollars. Tickets are 2.50, available at box offices or any listed home on tour day.

Harry Gelt E. Indian Bend Rd North Central Paradise’Valley Phoenix Brandeis National Women’s Committee Brandeis University Waltham, Mass All Diamond's Paradise Valley Brandeis Jan Simmons Linda Fisler Carol Nichols

ABA official calls reevaluation of housing goals and codes

A spokesman for the American Bankers Association urges reassessing the 1968 housing targets of 2.6 million starts as outdated. He argues to review overall goals and unit types, building codes, zoning laws, and financing for utilities, schools and transit, while endorsing a cautious temporary emergency program.

American Bankers Association ABA Morthland Peoples Bank and Trust Co Selma Ala Washington Senate Housing and Urban Affairs

Housing legislation urged to spur builders and cut deficits

J S Mickey Norman Jr of Houston head of the National Association of Home Builders told a Senate Housing subcommittee that emergency action to boost housing would create jobs and lower the deficit. He backed measures to cut mortgage rates to six percent for three years for middle income buyers and to fund 100000 new homes with tax gains and aid. He urged a cash $1000 downpayment incentive and seven percent rate subsidies to stabilize a volatile market.

J.S Mickey” Norman, Jr Houston Norman

Banks See Small Foreclosure Rise in Tight Economy

Rex J. Morthland of the American Bankers Association told a Senate subcommittee that foreclosures remain under 1 percent of mortgages, a slight rise from the third quarter of 1974 but lower than peaks in 1972 to 1974. He urged temporary emergency housing legislation with safeguards and long term support for private mortgage lending.

Rex J. Morthland The American Bankers Association Senate Subcommittee On Housing and Urban Affairs Morthland

Housing industry urged to gain mortgage market flexibility

Art S. Leitch of the National Association of Realtors urged Congress and the administration to create long term mortgage market changes to attract funds in any economy. He warned large deficits could trigger money shortages and higher interest rates, urging a loosening of Federal Reserve tight money policies. He proposed new securities backed by mortgages, pension fund investment requirements, tax exclusions for thrift deposits, and graduated tax credits to housing investors.

Art S. Leitch National Association of “Realtors Congress Administration Leitch Federal Reserve NAR Pension Washington

Also Mentioned on This Page

Scottsdale (Az Daily Progress Arnold Smith N. Central Frank S. Lakey Casa Encantada N. Country Club Stanley Paulowski Allan Waxman E. Wagon Wheel Association Covacrook Rd Carefree Dr Carefree Arizona Joe Vaccaro Assoc Wildwood Estates Milehigh Prescott Entury Century Place 56Th Street Shea Boulevard Shea Camalback Rd
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