Show HOUSING Units Could the American individual in search of a nw nsw home afford to pay for It lIT Federal housing housing hous ing officials believe that to be bo a fair figure and Raymond M M. M Foley housing administrator explained to the house banking committee a abill abill bill for tor federal housing aid based on that premise FOLEY STATED that the administration admin admin- is considering construction construction construction tion through cooperatives and other non profit non organizations of some housing units on an average average average aver aver- age cost of each The homes envisioned en In the program program pro pro- program gram would be for families with annual cash incomes of 2800 and One third of the urban families fam tam tiles lUes of the nation had Incomes within that middle Income range in 1948 1048 The endeavor even in the eyes of the severest critics appeared laudable but with the cost of livIng living liv liv- ing big as it Is and high income taxes for tor families without average above-average exemptions would still put the home out of reach of many manyAS AS AN INSTANCE of of that supposition supposition supposition sup sup- position Foley said average monthly month month- ly payments would be about 69 That's a year Add a 1000 food meat and milk bill and the total outlay for tor the new home owner owner own own- er or is 1828 This would leave the 2800 a year man Taking average average av avo av- av figures utilities health costa costs Insurance clothing transportation there would be nothing with which to pay for tor a car recreation and incidentals in would amount to about This would leave some or less than 40 a month with which to meet emergencies or other needs So it Is easily apparent that the house the 69 09 monthly payment pay ment and c cos o 0 s a t t of of living items would run the year a man manao manso manso so ao close to the edge that hed he'd hardly have anything left for tor a apack apack pack of butts each week |