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Feb, 20, 1967 • Notes on Related Hatters : A. The Foundation for Cooperative Housing, which developed Eastwych Village and i s currently developing Cambri dge Square ( both in DeKalb County), now has a full time representative i n Atlanta and is seeking clients, No proposal has yet been made for construction of units ( even l bedroom ) to rent for as low as $50 ,00 per mont h. The City's greatest need is in th e $30 , 00 - $50,00 per month r e nta l range . Charles A. Mue ller Companie s of Jonesboro is pr omoting the Sweat Equ ity Program (FHA insured mortgage) whereby the purchaser earns the bulk of his down payment through cleaning, pai nting and landscap ing . Nat i onal Homes Corp . of Lafayette, Ind, placed on the market Feb, l, 1 967 , a 800 S.F . (O.S . dimensions) 3 bedroom, prefabricated , preassembled panel, single family house to retail ( unde r FHA 221 d (2 ) ) for about $8 , 800 , 00 ( exclusive of land) , plus a 96 S . F. (I,S. d imensions) storage building manufactured by Arrow Metal Products Corp . Price i ncludes. plumbing, electrical, heating unit , stove & refrigerator, House can be completely assembled i n 85 man hours. C. (1 ) (2 ) First Mortgage Advisary Corporation is i nterested in providing package financing to developers, especially c onstruction loans ; claims that there are no legal or standby fees or hidden charges and no deposit required . John Hood & Co ., Inc., One Wall St . , New York , i s interested in f i nancing FHA project loans and also construction financing on FHA 221 d (3 ) , below market rate, construction loans , D. Rehabilitation by Housing Code Division of Bu ilding Department on Boulevard in Bedford- Pine U. R. Project (approximately 70 0 units involved ) c ommenc ed February 1 , The U.R . proj e c t is st i ll in survey and planning stage , E, Small developers should provide a substant i a l portion of t he program on s mall scattered sites, F, Since October, 1966, 1529 units have been rehabilitated by the Housing Code Div; and 80 units in We st End U, R, Project by the Housing Authority. (Items 40 and 41) , G, Roy D, Warren Co, is willing to undertake construction of 1000 unit s ( pr efers single family sales housing ), but wants City backing o n land location and zoning which may be re qu ired. H. Embry Rea lty Co . in Chamb l ee i s seeking land and non- prof i t sponsors for 221 d (3). Cla i ms to have a full service organization i ncludi ng Real Estate , Architectural , Financing, Legal and Building knowledge a nd experience to meet all FHA requirement s. I, Informat ion i s welcomed as to changes , additions or deletions in mate rial contained i n thi s report . (Call 522- 4463, Lxt . 43 0) . Summary : Estimate Avai lable No. Units 1 967 1 968 F - Reasonably Firm 33'/2 (Inc l. 1140 PH + 700TK ) 1198 ( incl.1 054 New + 144 PHL) 2318 4237 (Incl. 325 TK) P - Probable 2567(Incl.3 75 TK ) C - Be ing Coqsidered 2489 248 D - Doubtful 1 392 Total 11490 Units Proposed 1 322 51 33 3578 (Incl.1140 new unit s of P . H.) +233 Enclosure: 49 00 + 144 unit s leased for P.H. 4900 Summary of Publ ic + 1654 existing units rehabilitated. Housing i n ftlanta + 1424 exist ing unit s propos ed for rehab ilitation. Both Years 3516 25 67 37 2 6455 - 33Lf5 9800 + or Goals .__, -~ . .?:}-.,/ ~,</)_ ~ _~ / .,., '-(, . - , < ; ;.,. :.. ..,.___ - ........ _ ..,..,. ._ r:;--- Malcolm D. Jones 7 Supervisor of Inspe ct ion Services ·./ / �