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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 19, 1975
Page
1
A transformed GI Loan Program receives new life as housing authorities react with cautious optimism. President Ford’s action on December 31 at Vail Cole spurs a drastic modernization of the postwar effort that once financed hundreds of thousands of homes, renewing hope for the stalled housing initiative.
The Veterans Housing Act of 1974 expands GI loans to cover mobile homes and lots, offers no down payment options and extended 30 year terms. Lenders and bankers foresee strong regional impact though concerns about available money in a tight market persist. Local realtors and developers anticipate increased housing activity and potential investment interest in Lorain County and Elyria.
President Ford urged AFL-CIO leaders and Congress to back his economic plan, stressing cooperation over details. He urged labor and lawmakers to move forward, avoid petty disputes, and help drive a national recovery while awaiting further coordinated action.
President Ford said he has no plans to ask Treasury Secretary William Simon to resign amid public speculation. Press Secretary Ron Nelsen stated Ford met with Simon and reaffirmed his confidence. Snow storm watch issued with possible heavy snow today, mid to upper 30s high, lows 16 to 18, cloudy and colder tomorrow, winds 15 to 25 knots, seas 3 to 6 feet. details on page A-4.
Elyrians and neighboring residents have raised 2306 to aid the reward fund for information leading to the arrest of Cherie Ulmer's attacker. Contributions include 50 from United Polish Club bowling league and funds from a Stoney's Rainbow Lanes event to benefit hospital bills. The 23 year old Bucyrus woman died after a Christmas Day incident on the Ohio Turnpike overpass in North Ridgeville.
A deteriorating red brick building on Vine Avenue in Lorain evolved from a 1950s stock funded project into a Puerto Rican community center. Led by Tomas Arias, locals purchased the 2933 Vine Street property to host meetings, youth programs, scholarships, and guidance services funded by donations and volunteers. The home now serves both generations with social, educational, and cultural activities while inviting broader participation.
West Germany and Cuba resumed diplomatic relations yesterday after a 12 year break when Fidel Castro recognized East Germany and Berlin backed rapprochement seeking restored ties and broader cooperation between the two nations.
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