VA Increases G I Home Loan Guarantee To 60 Percent
Veterans and service members gain an increased VA loan guarantee from 25 percent to 60 percent up to 12 500 with a maximum loan coverage of 20 833 for home purchases. The change, effective May 7 1968, follows Public Law 90 301 signed by President Johnson and affects about 12.5 million veterans.
MENTIONED IN THIS ARTICLE
of Veterans Affairs
William J. Driver
Veterans Administration
G.I
G.T
Johnson
Driver
U-S-A
New shade cuts heat but keeps light in rooms
A transparent window shade named Scotchtint Solar Control Film cuts sun heat by 65 percent while reducing glare by 92 percent. Tested in Fresno California on 84 motel windows, it kept rooms cooler cut power costs and protected furnishings without blocking view.
MENTIONED IN THIS ARTICLE
Fresno
Calif
FHA official urges private aid to solve urban housing crisis
FHA administrator in Phoenix calls for full federal programs and private enterprise participation to tackle urban decay. Edwin Callahan cites Open Housing Law progress and aims for the 1968 Housing Act, with six million units target over ten years. He argues for a realistic 6.4 percent loan rate to renew private mortgage funds and notes past rate limits hamstringed industry.
MENTIONED IN THIS ARTICLE
America
Federal Housing Administration
Washington
Phoenix
Callahan
Johnson
Proposals for federal housing support and FHA loan guarantees
In 1965 Congress created a rent supplement program but funding remains inadequate. Four future ideas aim to expand housing access: subsidized mortgage payments for low income buyers, rental housing subsidies, FHA insured loans in deteriorating neighborhoods, and FHA financing for buyers with irregular income or credit issues.
MENTIONED IN THIS ARTICLE
FHA
Congress
Callahan
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Hallcraft Townhouses
Hallcraft
Indian School
Granite Reef Rds
G.I. Billard
G.I. Bill
Scottsdale's Finest
Roosevelt & Hayden Rd
Thomas AD
McDowell
Kinsey, Lane
Mereway Manor
Ey Roosevelt ST
van Buren
Mereway.manor
St. Daniel's Church
You
Carr
Villa Monterey
Scottsdale
P. Me
Mehagian
Edwin G. Callahan
Department of Housing and Urban Development
Mortgage Bankers Association of America
Callaha
Scottsdale Daily Progress
Camelback Road
Warners
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