University Daily Kansan, November 12, 1980
Page 7
Commission to study mortgage program
By JENNIFER LISTON
Staff Reporter
Some potential Lawrence homebuyers could be eligible for low-interest mortgage loans in a program called the last night's City Commission meeting.
Commissioners voted last night to approve the program, proposed by local mayor Jim Kelly.
IN THE PROGRAM, the city would distribute money from the sale of bonds to local banks and loan agencies. Those agencies would lend the money to those in income less than $75,000 for the purchase of homes costing less than $68,500.
Interest on the mortgages, some of which are targeted for older Lawrence neighborhood, will be 11 percent or more. The program will be sold in December.
The low interest rates will encourage Lawrence homeowners, said M.D. Laughn, president of the Lawrence Association, who presented the proposal.
Vaughn said many people wanting to buy homes did not make enough money to qualify for regular commercial loans.
"It affects not just young homebuyers, but all of us," he said.
THE NUMBER OF homebuyers encouraged by this program will stimulate the housing industry and put
many people back to work, Vaughn said.
Commissioners also accepted a bid for the demolition of a building at 600 Massachusetts St. condemned this summer to become a parking lot.
Supporters of the former owner's fight to save the building presented a petition last night with about 400 signatures asking that the city not demolish downtown buildings until they plan a plan for downtown redevelopment.
Commissioners also approved the Old West Lawrence Neighborhood Plan developed by the planning staff and the neighborhood group. The plan will be
used in future land and zoning questions in the neighborhood.
ICE COLD CHILLED
BEEF SPIRITS WINE
Lawrence residents also will be able to salvage firewood from city tree-trimming operations, the Commission decided. Free wood will be distributed by the city as itth and Haskell streets in Bakersfield. In some cases, Watson. The firewood will not be given away in large amounts to keep people from re-selling the wood, he said.
BFER SPIRITS Brennett Retail Liquor CASE DISCOUNTS BRENNET STREET CENTER 814 LILLIANS WIN HOME IN MORE 8420 ICON
New Additions
color aid packets 6" x 9" 202 colors!
Winsor & Newton Indk Coquille Board
Winsor & Newton Opaque watercolor sets
DUK-pack leads tor lead holders (regular, non-photo blue and plastic)
pen&ing. art supplies
613 cement 8411777 open 9:50:30
Master Charge VI¹⁴ Mon.-Sat.
FAMOUS BRANDS CLOTHING SALE
Less than 1/2 Price
Men's and Ladies Sweaters and Velour Tops Izod-Geoffrey Beene-Givenchy Adidas-Adolpho-Pierre Cardin
Current styles at big savings
Holiday Inn-Jayhawker Suite
November 13th 10 am - 8 pm
Sell it through Kansan want ads. Call 864-4358.
THE BLACK STUDENT UNION
7th SPIRIT CLUB
Monday, Nov.17 8:00 p.m.
Presidential and Vice-Presidential Student Senate Debate
Student Senate Present
Broadcast live on KJHK FM 91 From the Pine Room Kansas Union
partially funded by Student Senate
THE INSPIRATIONAL GOSPEL VOICES
THE 3rd ANNUAL GOSPEL EXTRAVAGANZA
Admission Free
Saturday November 15, 1980
6:00 p.m.-9:00 p.m.
Big Eight-Jayhawk Rm. Kansas Union
Admission Free
7th SPIRIT CLUB RECESSION RELIEF SPECIALS
Enjoy Them Every Tuesday, Wednesday, & Thursday
TONIGHT — KUID Night — Happy Hour prices all night long
with your KUID WEDNESDAY
**TUESDAY** — Buck Night — Every Tuesday there will be a different drink on special for ONLY $1.00.
THURSDAY—Ladies Night—The ladies get Happy Hour prices
all night long
$1.25 Highbands in the 7th Spring
and 8th Fall and Friday
Saturday for the NWNSE BLUES BAND
Save $$$ on Your Favorite Jeans & Tops at KING of Jeans Levis
Fall Coupon Sale
(Today thru Sunday Only)
You won't believe these outstanding discounts on Levi's, Kennington, Brittania, Calvin Klein Jordache, Chic, etc.
This coupon entitles
the bearer to
$5 OFF
Any Women's Jeans
(sale items excluded)
at KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$4 OFF
Any Men's Brittianic, Jordache,
or Movin' On Jeans
at KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$3 OFF
Any Painter's Pants
at KING 4 Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$5 OFF
Any Jean Jacket
(lined or unlined)
at KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$4 OFF
Any Overalls
KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$3 OFF
Any Levi's Corduroys
(balls, st. legs, boot cuts)
KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$3 OFF
Any Women's Tops
(even if it's already on sale!)
KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$2 OFF
Any Levi's Recycled Jeans
at KING +Jeans
Coupon good thru Nov. 15
This coupon entitles the bearer to $3 OFF Any Lovel's Irregulars (bells, st. legs, boot cuts) at KING + Jeans Coupon good thru Nov. 15
This coupon entitles the bearer to $2 OFF Any Jeans or Pants (even if they're already on sale!) at KING + Jeans at KING + Jeans Coupon good thru Nov. 15
This coupon entitles
the bearer to
$3 OFF
Any Men's Shirts
(sale items excluded)
at KING + Jeans
Coupon good thru Nov. 15
This coupon entitles
the bearer to
$2 OFF
Any Jeans or Pants
(even if they're already on sale!)
at KING + Jeans
Coupon good thru Nov. 15
Remember, These Coupons are Good This Week Only— So Hurry and SAVE!!
KING of Jeans Levis
740 Massachusetts