Word: urbanely
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Dates: during 1950-1959
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...company insures only urban dwellings (farms are a bigger risk), deals mainly in 25-year mortgages with 20% down payment. It approves any interest rate agreeable to lender and borrower (though in practice the rate usually is 6%, and is often less), charges only about half FHA's ½% service rate, decides on a mortgage in about three days v. FHA's four to eight weeks. It allows the lender to cancel his mortgage insurance at any time without FHA's penalty. Unlike FHA, it waives all deficiency claims, i.e., claims for the balance of the mortgage...
...campaign revolves almost entirely around the School Committee issue, which to the reformers has come to signify the worst sort of politics in the schools. Although the CCA platform contains other planks--"advancement of the long-range city-wide building program, co-ordination of the building program with urban renewal and highway development, activation of a new school advisory committee, increased co-operation between the Recreation and School Departments encouragement and support of P.T.A.'s, and active citizens' consulting committees"--its school committee candidates concentrate their attack on the appointments made last December. Its City Council platform also contains many...
...midst of national plenty, the bums have come to sense new municipal flies in their bleary ointment. The same blissful prosperity has also brought the bright-eyed vision of urban redevelopment experts, the crash of demolition hammers and the thunder of falling brick. In many U.S. cities Skid Row is marked for extinction to make space for shining (and more taxworthy) office buildings or glassy, classy apartment houses. Kansas City's Skid Row has fallen to an expressway. City planners in Denver have their eye on Larimer Street, and Los Angeles is midway in a civic cleanup on most...
Unfortunately, the CCA is not as strong and constructive a force as it could be. The hot appointments issue obscures the fact that the association has nothing else hot--and little that is particularly warm--on either its city council or school committee platform. It advocates urban renewal, which is proceeding nicely anyway, and offers other suggestions which are fairly obvious and seem to be generally agreed upon by both CCA and anti-CCA candidates...
...shortage is not only a worry for the middle-income family but a grave problem for such cities as New York, Chicago, Kansas City, San Francisco. Urban redevelopment programs are in danger of collapsing unless better middle-income housing is developed. City planners realize that they cannot go on building low-income projects, which do not carry their part of the tax load, without balancing them with middle-income accommodations, which do. One reason for the flight to the suburbs-with its attrition of city revenues and business-is that families find it easier, once they have a down payment...