Word: low-cost
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...low-cost older houses on a par with new houses, FHA would be permitted to insure mortgages on owner-occupied older houses up to 95% of the FHA appraised value, the same as on new houses (compared to the present 80% limit...
...unemployed). He believes everyone is entitled to "a job, a house, and music." As Demo-Christian candidate for Florence's mayoralty two years ago, he blasted the Communists loose from a five-year grip on the city's administration. To poverty-ridden Florence he has brought low-cost housing, sanitary improvements, tree planting, free concerts. Florentines sometimes call him Il Santo (The Saint...
...installments pay the premiums on a term group life insurance policy, written by the John Hancock Mutual Life Insurance Co. and covering the unpaid balance of his investment program. A maximum 50? custodian and accounting fee is also deducted from each payment. Since the insurance is provided on a low-cost group basis, the premiums deducted from his monthly payments amount to only $9 per $ 1,000 coverage a year, little more than half the cost of regular term life insurance for a man of 45, and less than one-third the premium for a man of 55. For policies...
...boost next year from the $26 billion savings and loan business. The U.S. Savings and Loan League, comprised of 4,100 state and federally chartered savings associations and cooperative banks, wants Congress to pass a law authorizing federally chartered institutions to buy cleared slum land, put up low-cost housing...
...public power fight is the bitterest, Interior Secretary Douglas McKay last week made a significant decision; he gave the private companies a better break. For the first time, they were permitted to sign 20-year contracts with the Bonneville Power Administration, giving the companics long-term assurance of low-cost power from the big federal dams. For years, the private companies could get no contracts at all. Then two years ago they got to sign agreements, but only for five years...