Word: low-interest
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...constructed in the city is one that generates the greatest increase in the tax base: twenty-story, high-income high-rises. At the same time he has been instrumental in championing the equally controversial Wellington - Harrington Plan, which would make federal monies available in the form of long-term, low-interest loans that present citizens could afford for private home building of the kind on which East Cambridge depends...
...Ralph Abernathy plead his poor people's cause, a plea which the delegates answered with a recommendation that their church donate $100,000 to the march on Washington. They agreed, moreover, to invest 30% of the church's unrestricted funds in housing and business enterprises in low-interest, high-risk areas. In a dramatic effort to invest church services with contemporary relevance, a new communion litany, which may become part of the permanent ritual, was written for the meeting. It was a litany of some relevance to citizens of any religion-or none-in which communicants publicly confessed...
...Reallocation of $100 million of Harvard's endowment from current investments to low-interest loans to the Black United Front of Boston...
...wealthiest complex of nations in the world, with a combined gross national product of $508 billion, v. the East Bloc's $443 billion. Only two former Marshall Plan members-Greece and Turkey-are still receiving U.S. economic aid, most of it in P.L. 480 food surpluses and low-interest loans. Out of the ashes of World War II, the nations of Western Europe have forged not only a Common Market but also a sense of common interest that, for all the disruptions and distractions caused today by Gaullist France, may be destined to achieve the economic force and political...
Much of the construction is expected to involve rehabilitation--paid for by the residents themselves. For the first time, government-insured, low-interest bank loans may be made available in a ghetto area. One idea is to aid groups in setting up non-profit corporations to buy apartment houses; instead of paying rent to a landlord, a resident would pay a pro-rated share of the mortgage (plus a charge for maintenance services) and would wind up own apartment. The corporation could also seek money for rehabilitation, and split the payments on the loan among residents. Planners figure that...