Word: low-interest
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...money committed in 1959 and 1960 was of the so-called "hard loan" variety, repayable in dollars, at interest rates of between 4% and 6%, whereas less than a third of the money committed under the Alliance for Progress was of this variety. The balance was primarily longterm, low-interest loans, which are far better adapted to the construction of roads, schools, waterworks and other vital projects...
...members of his California League, McLain is "Mister Senior Citizen," who has judiciously wielded the voting power of his elders and their children to win concession after concession from the California legislature. His latest effort was a proposal for a $100 million bond-financed revolving fund aimed to provide low-interest loans for old-age housing, which was resoundingly defeated by the voters in last June's primary. McLain. will try something else...
...areas: > Tackling the problem of the old and lonely, the 2,300,000-member United Church of Christ announced plans to build a string of nonsectarian "retirement centers" in downtown areas of cities, in villages-and near resort communities. The projects, for which the church hopes to get longterm, low-interest federal loans, will be designed for oldsters over 62 whose incomes are as low as $1,800 a year. In Lorain County. Ohio, for example, the church will set up a $4,500,000 settlement for 500 people. The plans call for cottages and high-rise apartments that will...
...glowered in his chair, Dillon opened the conference with the most gen erous offer of help in U.S. history. In a flat, toneless voice that failed to hide the tre mendous promise of his words, Dillon vowed that the U.S. would take the lead in securing $20 billion in low-interest loans over the next ten years to raise Latin America's living standards. "We welcome the revolution of rising expectations" he said, "and we intend to transform it into a revolution of rising satisfactions...
Moderate-Income Housing. To erect apartments for families too well off for low-rent public housing but too poor to own houses, FHA would insure 100%, 40-year, low-interest loans to limited and nonprofit groups. Private builders bitterly complain that the program will let FHA subsidize housing for an income group that can pay its own way. Under the program, charge its critics, housing authorities can build two-bedroom apartments to rent for as little as $90 a month-approximately $20 a month under the current market...