| OCR Text |
Show Utah County Gets $2,128,718 From HOLC Assistance HOLC Makes 1069 Individual Loans in Utah County Sanford Reports mortgages vhkh ur.e to be amortized" amor-tized" fully ever the term of the Un in small monthly payments. The balance oi the money ad-vaneed ad-vaneed went for the restoration and conditioning of properties. The total number of loans made in all states. Puerto Kico, Hawaii and Al'ska was 1,021. SIT. involving- the sum of S3.O!'2.S70.7S4. making the average loan 5.027. It is estimated that SL'l'S.4 53.000 of the Home Owners Loan Corporation Cor-poration advices wet to the tax : offices uf' the naiion, with the national average lax payment per loan being S21M. Residents of Utah county received re-ceived a total of SLM2S.71S from Lhe Home Owner's Loan Corporation Corpora-tion during- the three year period of refinancing" operations which terminated June 13, 19315, according accord-ing to the final figures furnished by Allen T. Sanford, State director direc-tor for the National Emergency Council. This sum represented 1.0t'9 individual loans. A total of 10.7U7 distressed home owners in Utah were extended ex-tended aid in the sum of $25.-037,878. $25.-037,878. Of this monev it is estimated esti-mated that $1,S30,006 went toward to-ward the payment of taxes and assessments, the estimated average aver-age of tax and assessment payments pay-ments per loan in Utah being $170. According to the 1930 United States census reports there were 50.730 of owned non-farm homes in Utah, of which number the Home, Owners' Loan corporation, refinanced mortgages on a 21.2 per cent. More than 98 per cent of all money involved went for the refinancing re-financing of distressed homes by means o'f long term replacement |
