Word: low-cost
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...housing units in the city. But they have no chance of getting them; the government is just as determined as the Marseille city fathers to move them to the north, where more jobs are available. Last week the French Cabinet announced a crash program to build 25,000 new low-cost housing units for the pieds-noirs all over France. Only 3,500 were allotted to Marseille...
...Proverb. Behind Jamaica's pomp lay some sorrier economic circumstances. Despite its fairly high-for the Caribbean-per capita income of $359, the country has a pressing want list for low-cost housing, sanitation and water systems, hospitals and roads. All through the week's celebrations, Jamaica's Premier, craggy-faced, white-haired Sir Alexander Bustamante, courted Johnson with extravagant words and gracious gestures, talked endlessly of U.S.-Jamaican solidarity, even offered to let the U.S. set up military bases on the island "when and if it pleases." British and U.S. aid programs are already...
McLain does not think his "villages" are in competition with Webb's "cities," which, he says, "are for the more affluent elderly who can more than afford to pay for them. Our aim is to create low-cost, quality rentals, and at the same time, like Sun City, give the old folks a good, busy life. It's got to be like a long vacation on a cruise ship-never a dull moment...
Because it underwrites low-cost housing for high-risk groups, the FHA's problems are particularly acute. But mortgage defaults in general have long been increasing throughout the nation. The rate of mortgage foreclosures has tripled during the past ten years, to an estimated 3.77 per 1,000 mortgages. Most housing economists agree that the leveling off of home prices in many parts of the U.S. accounts for most of the increase. As long as home prices were rising, a homeowner who could not meet his payments could always sell out-usually at a profit. Now, with prices steady...
...mosaic, a piece of sculpture, a tapestry or a painting is apt to be expensive, and it is certainly not functional. Thus when it comes to public projects or low-cost housing, watchdogs of the public purse tend to consider such fine arts frivolous and hard to justify to the taxpayers. A good many enlightened people deplore this view, but cannot make themselves felt. But a few years ago, an enlightened Philadelphia lawyer named Michael von Moschzisker found himself in a position to do something about it. He was then chairman of the Philadelphia Redevelopment Authority, which was charged with...