Word: fha
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...mortgage, which is 100 per cent guaranteed by the Federal Housing Administration and covers land acquisition, construction or rehabilitation, is paid off entirely out of tenant's rents. Rent subsidies are usually allocated for a maximum of 20 to 40 per cent of the project by the FHA. Interest on the mortgage principle is subsidized by U.S. Housing Acts, which pay the difference between the market interest rate and the low government-subsidized level...
...only an 11% escape potential, while one smoke detector at each level of the house gave an 89% chance of escape. Many states and cities now require smoke detectors in all houses and apartments before they are sold or resold. The Federal Government will not approve a VA or FHA new housing loan unless the structure has detectors; Montgomery County, Md., will require all homes to be equipped with the sensors by July 1, 1978. Most new mobile homes have come equipped with the devices since 1973. Some major casualty underwriters give a 2% rebate on insurance premiums to households...
Instead of a large infusion of federal funds into housing, as many Democrats want, Ford would continue to urge Congress to legislate reductions in down payments for housing built with FHA loans. To help young buyers afford new homes, he would make their FHA mortgage payments relatively low at the start, then gradually increase the amount as time went...
...make it easier for more people to buy houses, President Ford has called for legislation that would reduce down payments on Federal Housing Administration mortgages by up to 50% and would increase FHA authority to insure home mortgages from the current limit of $45,000, to $60,000. But in the view of most housing experts, the Ford proposal would have little impact; only 6,000 new homes a month are now sold under the FHA insurance program...
...subsidized by the Federal Housing Authority of the Massachusetts Housing Finance Authority is specifically exempted from control. But arguments presented by tenant groups from subsidized housing in the city, and especially their tales of $250 monthly rents for "low-cost" one-bedroom apartments, convinced the council to include FHA and MHFA housing in their plan. Most observers and lobbyists predict that this part of the Cambridge petition will get the most resistance from the legislature...