Word: rental
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Dates: during 1970-1979
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...than OMB is willing to give her in order to continue subsidized housing construction at close to the present level. OMB objects to her complaint, arguing that what is really pinching HUD's housing money is its plan for a new $1.3 billion demonstration project involving mixed-income rental housing. OMB insists that if that costly project was shelved, HUD would indeed be able to build almost as many new housing units as it says it wants. Whoever is correct-and that may never be determined, given the intricacies of federal budget making-what irks the White House most...
...invention was also unwisely financed. By buying land outright (with money acquired from selling Government-backed bonds) and by building facilities before they were needed, developers saddled themselves with high fixed interest costs long before sales and rental income started flowing. In Park Forest South, for example, land costs were 89% higher than expected, while sales for the first five years were 58% lower than expected. Developers of seven HUD-financed new towns eventually defaulted on interest payments, leaving the agency to pay bondholders $149 million and take title to the bankrupt burgs...
...known to make really big money. In July, Houston's special "fence detail" arrested a middle-aged veteran salesman with a major drilling-equipment manufacturer and confiscated $580,000 worth of stolen hardware. Police say the man apparently purloined the equipment from his employer and then, through a dummy rental outfit that he set up, leased it to a legitimate rental company. His take, according to police: about $150,000 every three months...
...competition will further blur the marketing lines between the older travel-and-entertainment cards like American Express, which grew up specializing in hotels, airlines, rental cars and restaurants, and the bank cards that originally focused on local retail purchases. Citicorp and other big banks that have been moving into cards and checks on a nationwide scale argue that they have been forced to do so in self-defense, claiming they have lost a lot of consumer credit business since World War II to other loan suppliers, including not only the card firms but department-store charge accounts and the auto...
...squeaky-voiced member of the film crew was a telltale double birthmark, positively identifying her as Adelheid Schulz. Acting on the tip, police mounted an elaborate surveillance, observing-and even photographing-the suspects as they boarded Rieger's helicopter for subsequent flights. Handwriting experts examined the helicopter rental contract and concluded that it had been signed by Klar. But in a fit of inexplicable indecision, the cops failed to close in and make the capture. After completing their aerial survey of potential targets, the terrorists blithely drove away, losing a police tail in the winding streets of Stettbach...