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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 28, 1959)
Housing Bill Hot Expected To Affect Near-Record Building Vaccine for TB May Be Airborne By A. ROBERT SMITH Mail Jribune Washington Correspondent Washington (Special)-Hous-ing construction Oregon lumber's major market - is now neanng a near record rate, 1.4 mil lion, which isn't expected by federal ; housing off ic- ials to be radically .af fected one way or the a. trtt sautk other by tne outcome of the big housing bill fight now shaping up be tween Congress and the White House. '. The two different housing bills passed by the Senate and House both go beyond the wishes of President Eisenhow er in extending and enlarging a number of housing pro grams, such as public housing, college dormitories and direct loans to veterans. This sharp conflict between the Democrats in Congress who put through the housing legislation and the Republi can president may become the most substantive test of strength and will of this ses sion of Congress - for GOP legislators are saying flatly Eisenhower will veto the bill, and Democrats are speculat ing now to deal with this major presidential weapon. Not Serious Obstacles The provisions of the var ious housing bills which will have the most noticeable con sequences in building of resi dential homes are not, how ever, considered serious ob stacles between the two par ties. So that whoever wins this political battle, these pro visions may survive. Mainly, there is the $6 bil lion added authorization for FHA mortgage insurance. This is provided in both Senate and House versions, and has been urgently requested by the president in a special message to Congress. FHA has only $1V4 billion left in unencumbered authorizations but has issued, on the assump tion that new authorizations will be made, well over $3 billions in agreements to in sure. If all these agreements were presented to be honored by FHA now, it would have to turn down over half of them - until the new $6 bil 1 i o n authorization comes through. A prolonged battle between the political parties might temporarily force FHA to shut down. A House-Senate conference committee must work out a compromise version of the housing bill that will be sent to the White House. Some of the differences between the House and Senate versions lie in this area affecting resident ial family home construction. Raises Mortgage Maximum The House bill raises the maximum mortgage that can be insured by FHA for one family homes from $20,000 to $25,000. The Senate bill leaves it at $20,000, the level set in 1954. The Senate agreed with the House version in raising the ceiling on two - family dwellings to $25,000. ' Another factor in the num . ber of homes that can be built - and sold - is the down pay ment requirement The House version reduces down pay ments.considerably, especially on higher priced homes. Un der a new formula, down pay ments would be dropped, for example, from $1080 to $755 on a $17,000 home; from $1980 to $1355 on a $20,000 home; from $3000 to $2105 on a $23,000 home; from $7000 to $3105 on a $27,000 home; and from $10,000 to $5,000 on a $30,000 home. The House bill also allows longer mortgage loans in or der to' reduce the monthly payments, especially for lower-priced homes so that more low income families may qualify for FHA - approved homes. Loans would be leng thened from 30 to 35 years, if the lender agreed to this long period. On a $13,500 dwelling, this extension would cut monthly payments by $4.05. Loan Limit Unchanged The Senate bill did not re duce down payments require ments or change the existing 30-year loan limit. The ad ministration did not recom mend any change in down payments, but it did suggest raising the ceiling to $25,000 on the size of mortgages for single-family housing. Although both House and Senate bills were pushed through by Democrats, they revealed different theories about housing. The Senate Banking Committee did not recommend as many liberaliz ing features as the House committee because it said "a trend has developed in the direction of producing higher prices houses which the com mittee feels does not serve the mass market for new homes . . . every effort should be made to reverse this trend and that builders should be encouraged to direct their ef forts to providing more homes for the money. There should also be a continued effort to encourage the Homebuilding industry to concentrate on lower cost homes, where the demand and need -are real and urgent." Need Realised The House committee felt it was helping low income hous ing by extending the loan period to 35 years, and it re ported this view: While your committee be lieves that the bulk of FHA operations will continue to be in the field of . low and me dium price homes, we do rec ognize the need for a more realistic mortgage maximum which will enable FHA to play its role in helping the financing of the normal price range of most American homes. This normal range in cludes homes in higher cost areas, homes which are suit able for large . families, and those which contain the ad ditional space and equipment frequently demanded on to day's market." One other point on which all are agreed is that the GI mortgage rate should be rais ed once again. It would go from 434 to 5V4 per cent. It was raised last year from 4V to 4 per cent after mortgage money became so tight at the lower -figure that relatively few veterans could get loans under the program. World War II veterans must apply or lose their eligibility by July 25 of next year. Korean vet erans have until Feb. 1, 1965. On another point, the ad ministration recommended a more liberal provision than Congress provided. It wanted the Federal National Mort gage Association to have au- Chicago (DPD - Scientists predicted Wednesday that hu mans may be immunized from tuberculosis by simply breath ing airborne vaccine. Dr. Gardner Middlebrook, director of research at the National Jewish Hospital, Denver, told of vaccinating children and adults with sprays of BCG, the anti-tuberculosis vaccine. In experiments held at the University of Illinois, 30 vol- thority to buy mortgages valued up to $20,000. The ceiling is now $15,000. The House raised it to $18,000. The .Senate didn't change it. Price 10 Cents MEDFORDeMS&s 54th Year Tribune 2nd SECTION MEDFORD, OREGON, THURSDAY, MAY 28, 1959 Pages 1-6 Elk-Trail Students Tour Tribune Plant Students, of the Elk - Trail schools, grades three and four, toured the Mail Tribune May 27. The students visited the news room, various offi ces and the composing and make-up rooms during the morning. Accompanying the students were Mrs. Dorothy Hume and Mrs. Lola Work. Students included Connie Anderson, Kitty Barlow, Pen ny Fry, Donna Hawkins, La Vonne Myers, Jimmy Gerry, Orva Oliver, Larry Perry, Carol Ragsdale, Shirle Schu- der, Charles Sitzer, Jerry Wakeman, Wes Millard, Clar ice Wehde, Gloria Ragsdale, Joy Wilson, Judy Wilson, Gor don Poitevent, Billy Bard, Jack Davis, Tommy Lawson, Roy Myers, Cynthia Fry, Laura Dawson, Linda Rob bins, Sheron Oliver, Mickey Kalebaugh, Jacque Carlton, and Kathy Kincade. Three-fourths of all the farm work in the United States is done by farmers and their .families and only one fourth is done by hired help. South Carolina has grown tea experimentally and with success but production costs were too high. More than 400 active vol canoes have been located in the world and many more that are inactive. MICE MEG Big Double Loads Red Fir Summer Prices v Better wood in May & June MEDFORD FUEL CO. Ph. SP. 2-21 1 1 Court at McAndrews ESTABLISHED 1896 , I GREEN I.S TAMPS, unteers, aged 2 to 31, sat in a closed chamber and breathed regulated amounts of BCG for 45 minutes. So far, 27 of the 30 have "takes" (successful vaccinations). "All SO may be takes," said Dr. Sol Rosenthal, who guided the experiments here, "It's still too early to know." About 17 per cent of the Great Salt lake in Utah is salt as compared to the aver age 3.5 per cent salt content of the oceans. ' Electrical Wiring t Repair Industrial Commercial Residential Call Jack Henbest ROGUE ELEC. 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Center Ham Slices 4 rlOO BACON Standard Sliced 2 lbs. S3 GROUND BEEF ALL MEAT "3 ib,1 $3 39 HOT DOGS 49 Olds Fashion Flavor lb. 100 Pure Pork SAUSAGE 3..139 LEG O' LAMB lb. 69' Cucumbers V REG. 37c cans Save on all your Foods! Shop at GRANDVIEW! First good ones this year at a price you can afford. 45 Size Jumbo Pak. LOOK! ONLY 1t Long green slicers. No. 1 fancy quality at a price of only . . . F 0 R 2 for 1 Sale! Plastic TABLE COVERS 54"x72" Size 98c 54"x54" Size 69c FREE Buy one get Second One
