Word: low-cost
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...favorable terms for newhouse loan insurance to loans for purchase of old houses. The Senate Banking and Currency Committee turned him down. Eisenhower asked Congress to free Government interest rates on housing. Again, the committee turned him down. Dumped also were Eisenhower's trial plan to substitute low-cost home-ownership (with 40-year mortgages fully insured) for subsidized public housing, and his plan to lift the ceiling on FHA home-repair loans from $2,500 to $3,000. Even the parts of the Eisenhower program that have been generally approved in committee- e.g., a temporary continuation of public...
Olivetti's workers in Ivrea get low-cost meals in a company cafeteria, free med ical care, have summer camps and a kindergarten for their children. A substantial number (15%) live in trim, modern Olivetti housing projects; their wages (average: $80 a month), while low by U.S. standards, are among the highest in Italian industry...
...proposed that the Federal Government build 35,000 living units a year in low-rent housing developments, 15,000 a year more than the present rate. But he called for an experimental program under which the Government would encourage low-income families to buy their own homes, instead of moving into Government-built projects. The plan would be limited to families displaced by public projects such as slum clearance. It would involve lower down payments and longer-term mortgages, insured by the Government, on low-cost houses. The President gave no specific figures, but his housing advisory committee recently proposed...
Housing: The Administration will offer proposals to expand FHA mortgage terms (lower down payments, longer to pay) on low-cost houses...
...Fish & Wildlife Service reported that the salmon were disappearing; the catch was less than 4,000,000 cases, the smallest since 1927. This year the pack will drop to 2,800,000 cases, and 27 of the Northwest's 121 canneries have already gone out of business. Furthermore, low-cost tuna has inherited a large part of the market, outselling high-priced salmon...