Word: hud
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Construction of low-rent public housing is scheduled to rise 43% this year to an alltime high of 117,000 units. More than that, HUD plans a fourteenfold increase, from 8,700 to 119,000 units, in the number of individual homes built for sale to low-and moderate-income families who will pay interest rates as low as 1% on the mortgage. The Government pays the interest in excess...
...HUD Secretary George Romney has campaigned hard for increased aid and, more important, many private-industry groups that for years opposed public housing have lined up in support of the newer subsidy plans. After all, developers can now plan projects themselves and make a profit building or renting the structures...
...politicians, including several cabinet members, are more worried by the threat of recession. Treasury Secretary Kennedy, HUD's Secretary Romney and Postmaster General Blount have all flirted with the idea of price and wage controls as a possible way to stop inflation without paying too high a price in unemployment. Nixon has slapped them down hard, but he seems to be getting nervous about sticking with the professors. The professors may well be correct in thinking that their course will stop runaway inflation without plunging the U.S. into a deep recession. If they are wrong, however, the political damage...
Most breakfasts produce at least ideas and occasionally major stories. HUD Secretary George Romney laid his housing program, Operation Breakthrough, on the Sperling table. Equally memorable are the breakfasts at which Spiro Agnew said Humphrey was soft on Communism and Bobby Kennedy agonized over whether to seek the 1968 Democratic presidential nomination...
...more modern methods of construction. To foster such progress, the department sponsored a competition, called "Operation Breakthrough." Last week, months behind his original schedule, Romney picked 22 companies to build 2,000 mass-produced houses and apartments in ten cities. The winners, chosen from among 236 proposals, will share HUD contracts that may total as much as $50 million and will also invest some $40 million of their own money...