OCR Text |
Show Truman Approves Loans For Low-Rent Housing WASHINGTON, Nov. IS (JPt President T r n m a a Wednesday launched the public housing program pro-gram by approving loans totaling $20,375,400 to 108 cities for the ' planning of low-rent homes for a half -million parsons. The loans win flnanoa the surveys sur-veys and planning for 134,500 dwellings ia 27 states. Puerto Rjeo and WaahingtonTTJ. C ' 1 Mr. Truman's action was announced an-nounced by John Taylor Egan, : commissioner of the publie housing hous-ing administration. Egan said loan contracts win be, signed as rapidly aa possible with the local housing authorities. The loans the first to be mads under i the long-rsnge housing act ap- j proved this summer, are prelim-1 lnary to later financing arrange-1 menta which will permit the start of construction. Two-Year Plan The housing developments launched Wednesday are to be undertaken within the next twa years. j Funds have been reserved for 1 another 100 local authorities which I Intend to taks part In the first two years of the public housing; program. The legislation provides for about 810,000 units over the next six years. Chicago led the list of cities with 21,000 dwellings proposed. New York was second with 20,300, but New York's preliminary loan amounts to J 2,180,000, considerably con-siderably higher than the $720,000 approved for planning In Chicago. I Other sizable approvals Included Los Angeles, 10,000 dwellings; New Orleans, 6000; Baltimore, 8000; Pittsburgh, 8000; Washington, D. C, 4000; Norfolk, 8000, and Newark, 8o00. :. Take Flrat Steps "Approval of these loans meana that these local housing authorities authori-ties may now take the first eon-Crete eon-Crete steps toward building good new homes for low Income families," fam-ilies," Egan'a statement said. The size of the preliminary loan Is limited by the number af dwell- , ing units allotted to the locality. The present authorizations average about S1S1 for each dwelling. When the final federal-aid con-tracta con-tracta are signed, they will specify 1 the amount of the development 1 loans and the annual federal subsidies sub-sidies required to provide low 1 rents for the families occupying the completed projects. Loans approved (proposed number num-ber of dwellings in parentheses) include: in-clude: Colorado D cover city and county housing' authority (2500).' S400.000. I d a h o PocateDo housing au-thority au-thority (200), S70.0O0. j |