Thumbs Up to the Mayor’s Task Force on Housing and Economic Development in Southern Dallas for recommending that the City Council set up a low-cost home mortgage program for the southern sector of the city. The proposal, which should appear before the council this month, will probably allow for the establishment of a non-profit corporation to provide cut-rate loans to home buyers as well as to developers of single-family and multifamily residences in the area. If approved, the program could pick up where the county left off, since the county commissioners voted to discontinue their home mortgage program for 1984. According to task force member Sid Stahl, other subsidiaries of the non-profit corporation could also be set up for commercial and industrial projects in that sector.
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