Word: mortgagees
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Dates: during 1980-1989
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The ISA asked the College in November to provide the financial guarantee it would need to receive a 20-year mortgage on the $280,000 house, said Vesna Karaklajic '88, the group's president.
New York City gave Nehemiah 30 blocks of vacant land to build on. Equally % important, the city agreed to provide each home buyer with a $10,000 interest- free second mortgage, repayable only when the house is resold. A vital ingredient in many private housing initiatives, the second mortgage can...
In similar fashion, James Rouse's Enterprise Foundation is providing funding to almost 70 nonprofit housing groups around the country. Rouse, known nationally for his role in revitalizing downtown Boston and the Baltimore Harbor, envisions a national network of neighborhood housing initiatives supported by entities like Enterprise but also backed...
At issue is not only who can afford a college education, but also what college graduates will, or can, choose to do with their educations. Who will choose a low-paying public interest job when faced with a $20,000 debt? And how do we expect to attract more qualified...
Yet when most Americans scanned the business headlines during 1986, they generally found reasons to be pleased rather than dissatisfied. The best news for everyone was that the economic recovery persevered through 1986, its fourth straight year, with no apparent signs of coming to a halt in 1987. The economy...