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Maroh 25, 1968
iis Ray Moore, Director of Yews
WSi-Televigion
1601 West Poachts'ee Stey He Be
Atlanta, Georgia 30309
Dear Hay:
Your letter of Mareh 14 requesting material for television spote to encourage
private firma, especially churches, to participate in sponsoring non-profit housing
projects has not been overlooked. With everything elee I have to do in one
man office, I am just now getting around to this iten.
this
It is difficult te condense in a page or two much of whet might be said to
support thie venture. Therefore I am enclosing some material which I consider
pertinent to the ismue i.e. (a) A list of churches and other non-profit
in Atlenta whieh are sponsoring, or expressed intereat in sponsoring, low-income
« (b) A welletin from Interfaith Ince (c} A pamphlet entitled “The Church
Not-For-Profit Housing". (d) Broclure on a 221 4 (3) Co-op housing project
built now in the West side of Atlanta, South of Boulder Park Drive, off
Circle. This project iz being sponsored by PCH (Foundation far Go-operative
Services Ince) a national non-profit organieatione
_ When you look at the prices for which these waite are being I think you
agres with ne that this provides more houging for less money any other
in existenes today. ;
Some other significant pointe which I feel are in favor
if are these: (1) The co-op program provid
stabalising inecone
yot in most
Gamage. A taxes and
to the units. (2)
1
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it
the
home
ieee Mot
they have
on the
Kent Supplement
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Page 2
Mrs Hay Moore, March 25, 1966
limited Dividend projects permit profit to be made by the sponsor,
with his cash equity in the project. (h) The below market interest rate (3%)
permits construction of better units
conventional financing at 6<-7ig. (5) Last but not least, the 222 :
keep the projects on the tax digest of the City, which is not true of Publie Housing
or Turnkey projectse
i hope that this material will be helpful. Please call on me if you desire
further information,
tuele: As Listed
ec: Bre Dale Glark (by request)
iis Ray Moore, Director of Yews
WSi-Televigion
1601 West Poachts'ee Stey He Be
Atlanta, Georgia 30309
Dear Hay:
Your letter of Mareh 14 requesting material for television spote to encourage
private firma, especially churches, to participate in sponsoring non-profit housing
projects has not been overlooked. With everything elee I have to do in one
man office, I am just now getting around to this iten.
this
It is difficult te condense in a page or two much of whet might be said to
support thie venture. Therefore I am enclosing some material which I consider
pertinent to the ismue i.e. (a) A list of churches and other non-profit
in Atlenta whieh are sponsoring, or expressed intereat in sponsoring, low-income
« (b) A welletin from Interfaith Ince (c} A pamphlet entitled “The Church
Not-For-Profit Housing". (d) Broclure on a 221 4 (3) Co-op housing project
built now in the West side of Atlanta, South of Boulder Park Drive, off
Circle. This project iz being sponsored by PCH (Foundation far Go-operative
Services Ince) a national non-profit organieatione
_ When you look at the prices for which these waite are being I think you
agres with ne that this provides more houging for less money any other
in existenes today. ;
Some other significant pointe which I feel are in favor
if are these: (1) The co-op program provid
stabalising inecone
yot in most
Gamage. A taxes and
to the units. (2)
1
Hi
it
the
home
ieee Mot
they have
on the
Kent Supplement
ge.
|
f
:
1
!
|
i
é
2
i
z
a
Ht
!
Hi
:
i
.
|
or
te
eh
i
f
4
i
|
ae
f
I
i
:
i
u!
i
ii
ile
tf
hf
ite
f
i
gE
z
‘
E
aq
g
£
.
:
¢
ag
sf
:
Page 2
Mrs Hay Moore, March 25, 1966
limited Dividend projects permit profit to be made by the sponsor,
with his cash equity in the project. (h) The below market interest rate (3%)
permits construction of better units
conventional financing at 6<-7ig. (5) Last but not least, the 222 :
keep the projects on the tax digest of the City, which is not true of Publie Housing
or Turnkey projectse
i hope that this material will be helpful. Please call on me if you desire
further information,
tuele: As Listed
ec: Bre Dale Glark (by request)