OCR Text |
Show Sanpete Residents Receive $250,000 From H.O.L.C. Residents of Sanpete County received re-ceived a total of $250,500 from the Home Owners' Loan Corporation during the three year psriod of refinancing re-financing operations which terminated term-inated June 13, 1936, according to the final figures furnished Allen T. SanRrd, State Director for the ; National Emergency Council. This turn represented 187 . individual loans. A total of 10.167 distressed home owners in Utah were extended aid in the sum of $25,037,878. Of this money it is estimated that $1,830,900 went toward the payment of taxes and assessments, the estimated average av-erage of tax and assessment payments pay-ments per lean in Utah being $170.00. 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' Lean Corporation refinanced mortgages on 21.2 pet cent. More than 98 per cent of all money involved went for the refinancing re-financing of distressed homes by lr.i'ans of leng-term replacement ; mcrtyages which are to be amor- j tized fully over the term cl the loan in small monthly payments. The balance of the money advanced 'w.nt for the restoration and con- jd txning of properties. j 'ihe total number cf loans made in all states, Pueito Rico, Hawaii ar.d Alaska was 1.021.817, involving tt-e sum of $3,092,870,784, making the average loan $3,027. It is estimated esti-mated that $228,453,000 of the Hime Owners' Loan Corporation, ad vances went to the tax offices of the nation, with the rational average aver-age tax payment per loan being $224.00. |