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Feb . 20, 1 96 7 Notes on Re l a t ed Mat ters : A. The Foundation for Cooperative tlous ing , which deve l oped Eastwych Village an d is currently de veloping Cillnbridge Squa re ( both in DeKalb County), now has a fu ll time representative in Atlanta a nd i s s e ek ing cli ent s , B, No proposal has ye t be e n made for construction of units ( eve n l bedroom ) to rent fo r as l ow as $50 , 00 per month. Th e City ' s great est need is in the $30 ,00 - $5 0,00 per month rental ranie , Cl1ar l es A, Muel l e r Compa nies of J one s boro i s promotin g the Sweat Equ ity Prog ram ( FHA insured mortg a ge ) whereby the purc haser earns the bulk of his down payme nt through cle an ing , pa inting and l and s caping, Na tional Homes Corp. of La f a ye tte, Ind. p l ac e d on the market Feb , 1, 196 7, a 800 S.f . ( O. S . dirnensions) 3 bedro om, prefa brica t e d , preassembl e d pa nel, s ing le f a mi ly house to retail ( under FHA 221 d ( 2 ) ) for abo ut $8 , 800 , 00 ( e xc lu s ive of land), p lu s a 96 S .F. ( I,S . dim e ns ions ) sto rage building manufact ure d by Arrow Me ta l Products Corp. Pr ice incl ude s p l umb ing , electrical, he ating unit, stove & refr i gerator , Hous e ca n be comp l e tely assemble d in 85 ma n ho urs . C. (1) ( 2) Firs t Mortgage Advisary Corporation i s int ere sted in provid ing packa ge f i nanc ing t o deve l ope~s , e spec i al ly c onst r uct ion loans ; claims t ha t there a re no l ega l or st a ndby fees or hidden charge s a nd no dep os it re quired , John Hood & Co., Inc., One Wal l St ,, New York , is int ere sted in fin a ncing Fl!A pro j ect loa ns and a lso cons t ruction f inan cing on FHA 221 d ( 3 ), be low market r a te , cons t ructi on loa ns , D. Rehab ilit at ion by Hous ing Code Division of Buildir1g De pa rt me nt on Boul eva rd in Be dford - Pine U.R, Pro j e ct ( approx i ~a tely 700 units involved) c o~ne nced Febru a ry 1 . The U. R. proj e ct is still in s urvey a nd pla n11 i ng stag e . E, Smal l de ve l ope rs s hould pro vide a s ubs ta ntia l portion of the prog ram on sma ll s ca ttered s it es . F. Si nce October , 1966 , 1529 units ha ve be e n re habilita ted by th e Hous ing Code Div ; a nd 80 units in We st End U,R , Pro j ect by the Housing Autho ri t y . ( It em s 40 a nd 41 ) , G. Roy D. Warren Co, i s willing t o undert a ke construction of 1 000 u11 its ( pre f e rs sing le f a mily s ales hous ing ), but wa nts City bac king on l and loca t i on a nd zon ing wh ich may be require d , H. Embry Rea lty Co . i ri Cha mblee i s seekinB land and non- prof it spons ors f or 221 d ( 3 ) . Cla i ms t o ha ve a f ull servic e organ i zation includ ing Rea l Es t ate , Arch i t ec tura l, Fi na ncing , Lega l a nd Buil d ing know l e <lz e a nd exper i e nce t o mee t a ll FHA require ments . I. Information i s we lcome d as to cha nges , a ddi t i ons or delet i ons i n ma t e ri a l conta i ned in thi s report , ( Cal l 522 - 4463 , Ex t . 430 ) . Summary : Es t i ma te Ava i la bl e No , Un i ts 196 7 19GB 33'/2 (Inc l. ll'fO Pl! + 700TK ) 11~8 ( incl. lOS 1f Ne w + l 111f l'iiL ) 2318 F - Reasonably firm P - Probable 423 7 ( Ihc l . 325 TK) 2567 ( Incl , 375 TK) C - Being Cons i de r e d 21f 89 2lf 8 D - Doubtful 1 39 2 1 32 2 Tot a l 11 1f9 0 Un i ts Propose d 51:.3 3 ( Incl , 1140 new un i ts of P .H. ) 3578 +23 3 [nclos ure : 4900 + 14 1f uni ts l eased f or P . H, 4 ~00 Summary of Pub lic + l GS Lf cx i s tini:; u!lits rehab i litat e d. Housing in At lanta + 1424 e xi s t i ng un i ts proposed for r e lwb ilit a tion . Bot h Ycdrs - 3!Jl6 2SG 7 372 61f!J 5 -33 lf5 'JllOO + or Goa l s '-:-': ~ . .;, ,,/ ·_.-,.;...- ~ ....• ,"/ "'"~/,1 .-~,,~ ..

,1a lcolm D. Jones

Supervisor of In ~pe ction Services Z �