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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 30, 1976
Page
6
Copley News Service reports VIA or VIR loans now firmly launching as a major feature of real estate financing nationwide. Lenders note consumer interest, lower base rates, smaller origination fees, early payoff without penalties, and automatic assumability with qualification rules.
John C. Hart president of the National Association of Home Builders and Carla Hills secretary of Housing and Urban Development signed a voluntary agreement to extend fair housing marketing practices nationwide. The pact, tied to the Civil Rights Act of 1968, aims to prevent discriminatory housing and guide local NAHB affiliates.
The 160000 square foot Stetson Square shopping center planned for the southwest corner of Camelback and Miller Roads aims to start construction in early 1977. Embay Development spokesman George Lee says lease agreements for three large stores and other tenants are not finalized, and EMkay has not yet filed for a city building permit. Plans include a hardware store duty store supermarket three restaurants a garden store and eight other retailers with supermarket at 25966 square feet hardware store at 35525 square feet and drug store at 29887 square feet.
The National Association of Realtors praises HUD secretary Carla Hills for a new graduated mortgage plan. HUD expects to insure about 3,000 such mortgages in 12 months, with five payment options reducing initial costs for young couples and first time buyers.
Dix Construction Co of Scottsdale marks its 10th year with a $1000 reduction on all homes at Century North starting November 13. The development at 58th Street and Cactus Road features 2000 square foot Southwestern masonry houses listed at $53 150 and the sale runs through Christmas. President Von E Dix says the discount highlights the firm s value and know how.
The Arizona Apartment Association celebrated its tenth anniversary at the Fiesta Inn in Tempe with an all day meeting trade exhibit and five seminars for developers owners and managers. An annual business meeting elected directors who will pick officers for 1977. Don Lawrence president of the National Apartment Association spoke at the dinner. Founded in September 1966 the group grew from owners working out of homes to permanent offices by 1968. It now includes more than 400 regular and trade members representing over 35 000 rental units statewide.
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