FHA Can Finance Housing Developments
TheU. S. Department of
Agriculture today announced
start of a conditional commit
ment program that will permit
it to finance small subdivision
type housing developments in
site nation's small towns.
Previously, the Departmedfs
Farmers Home Administration
could finance the building of
the new homes only on a sin
gle- unit-at-a-time basis.
In issuing instructions for
the new conditional commit -
School Superintendent
Wilson Attends Workshop
Landrum Wilson, local plan
ner of occupational educatkn
for Yancey Public Schools will
attend a two-day workshop on
March 12 and 13 at Waynes
ville.
A.G. Bullard, Associate
State Director of Occupational
Education; W.W. McClure,Pro
gram Analyst; Robert William;
Research Associate at the
Center for Occupational Edu
cation and Fred Bishop, Area
Director for Occupational Edu
cation will conduct the workshqx
This is one of a series of
workshops to be held in eadi
of the State's eight education
al districts.
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ment program, agency Admi
nistrator James V. Smith asked
housing constructors, developer;
sellers and other segments of
the construction industry to en
gage in a stepped-up program
to upgrade low- and- moderate
cost housing in rural communi
ties.
"At last we can put to
work a tool that enables the
Farmers Home Administration
to deal effectively with the
deplorable condition of rura 1
"The main purpose of this
workshop, ” states Bullard, " is
to help local planners of occu
pational education in each ad
ministrative unit look at the
needs of their students and the
needs of the labor market for
the next decade as a basis for
occupational education d e
cisions."
"During this two-day work
shop, local planners will iden
tify occupations where there is
a critical shortage of manpower
and also emerging occupations
in our State's rapidly changing
economy," said Superintendent
of Public Instruction Craig Phil
lips.
housing," Mr. Smith said.
"Instead of building new
homes on a single-unit- at -a
time basis as in the past, the
conditional commitment now
makes the building of a dozen
modest homes in an area prac
tical, " ha said.
The conditional commit -
ment does not reserve funds £>r
a loan nor does it provide for
construction financing.
The FHA will issue a com
mitment on each proposed
house, but will hold builders
to 15 commitments at any
one time. The commitment
will be effective for 12 months
unless extended.
The agency will require
builders to submit plans, spe
cifications, proposed sellirg
price and other information re
lating to proposed construction
at the time of application.
The application fee for a
commitment on a new house is
$45 and S3S for rehabilitation
of an existing house.
Administrator Smith ex -
plained that it is impossible to
determine how much new cook
struction will be started in the
small rural communities be -
cause of the commitment, but
- pointed out that the agency’s
.housing funds for the current
fiscal year stand at $B2l mil
lion. It is estimated tint about
80,000 housing starts will be
made this year, compared to
50,000 in 1969.
He also pointed out that
there is a great need for hous
ing in rural areas where only
30 percent of the nation's po
pulation lives but more than
half of the substandard hous
ing exists.
In 1960, Farmers Home Ad
ministration made S4O millicn
in rural housing loans. By
1968 that figure had increased
to $494 million. Last year
that figure reached $512 mil
lion, which provided new or
Savings Bonds Planning
Thrift Education Program
TheU.S. Savings Stamp
program passes into history on
June 30, 1970, but the Trea -
sury Savings Bonds Division will
continue to encourage efforts to
teach thrift and good citizeisiip
in file classrooms of the schools
of the nation.
As he announced the end of
the Savings Stamp sales, Se
cretary of Treasury David M.
Kennedy urged youngsters to
continue to save through the pur
chase ofU.S. Savings Bonds.
"There is no better way for
young people to save”, he
"than by buying and holding IL
S. Savings Bonds."
A select committee of vo
lunteer educators has been plan
improved housing for over 57,
GOO rural families.
. In addition to individ ua 1
housing loans, Farmers Home
Administration advances funds
to construct housing for migra
tory form labor and rental and
cooperative housing units, ft
also manages a program of
self-help housing, undervhidi
low-income families build
new homes under the direction
of experienced supervisors.
ning a new curricuhrm approach
to pupils from kindergarten all
the way through high school.
The new program will be more
sophisticated in content and
oriented toward more in- class
teaching.
In the meantime, Secre -
tary Kennedy encoinages pa -
rents and teachers to stimulate
school students to complete
their unfilled stamp albums,
and exchange them for U. S.
Savings Bonds.
The Savings Bonds Division
will be counting on its thousand;
of long-time Stamp Program
volunteers to assist in getting
the new educational materials
into the hands of the classroom
teachers.