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Show The Enterprise Review , September 22, 1976 Page 4b Homebuilders Complain of Federal Interference Continued from page lb economy on a much sounder footing, now is an opportune time for this nation to change directions beginning with a deescalation of Unless the free government involvement. enterprise system is put back to work again in one of the few industries where stiff competition still exists between small businessmen, we will witness a decline in the quality and quantity of housing that this nation needs with even middle income families finding themselves priced out of the market and denied the American dream of owning a home. Hart has proposed what he calls a common sense subsidy program that would make moderately priced homes affordable to middle and low income families. Under Hart's program, the federal government would make a one time direct mortgage interest differential payment, a front end subsidy, payment that would represent the difference between, the current market interest rate and a variable (based on sales price) below market rate. The payment would be secured by a bearing second trust in favor of the government. It would be recaptured upon the sale of the home. more affordable. The government would get the money back when the home owner sells the home. In a later interview, Verne Breeze of Valley Center Building in Salt Lake City and non-intere- st Subsidize Interest Charge Geremia explained the program saying, Under this subsidy program, if we accept it and if we can get Congress to accept it, the government would subsidize some of the initial interest charge normally paid for by the home he said. "That would lighten the owner, payment load for the buyer and make the home t national chairman of the registered builders committee, said that the federal government was continually decreasing the home builders sales market by increasing building regulations. Breeze said that unless something is done to make homes more affordable many builders will be forced out of business. The trend in home building might be toward multi-famil- y units. Breeze said. However, he added, both builders and buyers resist multi-uni- t dwellings because people in Utah, and in the country in general, prefer to own a single family home. Shrinking Market Were No. 1! Continued from page lb higher voter participation, high home ownership and low proportion of poverty-leve- l incomes. Regarding the states facilities for living, Fantus gave Utah excellent or good ratings to only 40 percent of the categories. Utah rated excellent for high expenditures on vocational education and recreational facilities. However, Dale Carpen- ter, director of Utahs Industrial Promotion Division, has taken issue with one of the items listed in the latter Breeze said that his company is now selling for $39,000 a moderately priced home that sold for $33,000 one year ago. Each time we increase our prices, he we are pricing another segment of said, consumers out of our buying, market. The market of people that can afford to buy a home is getting smaller and smaller and unless we do something soon, we wont have anyone to sell homes to. Breeze listed high fees for new construction permits, high development taxes and zoning regulations as some of the ways in wrhich the government is handicapping builders and causing home nrices to SDiral. category. Regarding the of number hospital beds per Utah ranked the capita, lowest of all states No. 50. But, claimed Carpenter, They were looking at the number of beds in publicly funded hospitals. It just so happens in Utah most of our hospitals are private. Carpenter said the division he heads is making wide use of the Fantus study results in nationwide advertising campaigns. Claims a Utah has recent add, number one business climate in the West! FREE PICKUP & DELIVERY Paper Banners Screen Process Graphic Design Magnetics & Decals Convention Signage Machine Showcards 2365 So. Main Ball Speaks Fred S. Ball is the Executive Vice President Salt Lake Area Chamber of Commerce WHAT DO YOU OWE YOUR CITY? Do you have any debts to pay to the area in which you live? A wise man once said that service is the rent we pay while we are here on earth. A recent article in the Hobbs, New Mexico Chamber of Commerce publication quoted a member who wTote, My city owes me nothing. If accounts were balanced at this date, 1 would be the debtor. Havent I, all these years, lived within the limit of the city and shared all its benefits? Haven't I had the protection of its fire, police and health departments? Havent I had the benefit of its schools, churches and hospitals? Hasn't this city furnished the patronage by which I have succeeded in my business? Hasnt it furnished the best friends of my life? What will I give in return? Not simply the taxes which cover so small a part of what I have received. I want to give more. I want of my own free w ill, to give more. I want of my own free will, to give so that I can take pride in its prosperity and the honors which come to its citizens, and in all that makes it greater and better. I can only do this by becoming a part of the city by giving to it generoulsy of myself. In that way, only can I, even in a small part pay the great debt I owe to my city. In the Chamber of Commerce I have my chance, and welcome it. Salt Lake City has given much to many people. We are indeed blessed living in this great Salt Lake Valley. How do we show our gratitude for the many things it provides? Far, far too many Utahns take all the benefits but give nothing in return. There is a popular saying heard often in this area: Where much is given, much is expected. Who will argue that we have indeed, been given much? Now, much is expected from us in service, in dedication, in time, in funding and in a variety of other w'ays. Self inventory' is an exercise that should be practiced frequently. Ask youself, "Am I indeed paying for my rent? Am I indeed grateful for the benefits this area offers me? Am I working w'ith various groups, auxiliaries, clubs, trade organizations. Chambers of Commerce, to show my appreciation? As the gentleman in Hobbs, New Mexico so aptly stated By giving generously of myself, I can in a small part, pay the debt I owe to my city. AIRTRAC NOVOs totally new computerized system that assures complete control of your inbound or outbound air shipments and e deliveries. 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