Chicago Tribune from Chicago, Illinois • 111

Chicago Tribune, Thursday, November 29, 1973 Section 4A 3 fashion Treetn FASHION i SERVICE SAVINGS HUD urges bond issues to create mortgage funds PRE-HOLIDAY SPECIAL FAMOUS MAKER SKI JACKET A group of quality easy care ski coats in 4 styles. Sizes small, large. Colors: Powder Blue, Navy, Red and Yellow. OUR PRICE $19 Elsewhere $32 wrap up i winter in wool plush Item Luncheon Fashion Show Every Tuesday at Allgauer's Fireside Rest. 2855 Milwaukee Ave.

North brook "THERE should be no excuse for deterioration and blight in housing in any sector of our society," Waner said. "Specifically, here in Illinois, the authority to raise mortgage fund pools is already vested in the local governments. A collective effort and dedication on all our parts is sadly needed. "The community groups, which for the last two and a half years have swamped our office with objections to subsidized housing programs and FHA activity that they claim are detrimental to their neighborhoods, should be made aware also that only by rebuilding the inner cities and making a surplus of quality housing available can we hope to reverse the expansion of declining areas and segregation." Waner predicted that the money derived from the sale of state, county, and city bonds for low-interest mortgages also would provide thousands of additional jobs within the city. "The restoration of our cities would bring new Industries, which in conjunction with housing would produce new revenue to increase the amenities," he said.

"It would improve the quality of the educational system and increase the necessary services to the area, such as police and fire protection, which become more and more in demand as an area falls apart." PRIVATE lending Institutions, Waner said, have shown that they either cannot or will not cope with the problems in the inner cities. "Time has proven they have no interest in the Inner city, but rather choose to make loans available in areas where risk is virtually eliminated, even tho their depositors are guaranteed against any losses by federal deposit insurance," he said. "They have failed to do the job," he added. "It is time government stepped In. The only question left to be answered is do the state, county, and city governments have the will?" said.

Therefore, mortgages written at about six per cent would allow local governments to acquire enough money1 to cover administrative costs of handling the mortgages. At 6 per cent, loans would be below the state's usury ceiling of 8 per cent for conventional loans and below the current 7 per cent rate for Federal Housing Administration FHA loans. "We at HUD would insure these mortgages, so it wouldn't cost the taxpayers one additional cent to make this money available to urban centers thruout the state," Waner said. "FHA insurance regulations call for making mortgage insurance available to any mortgagee making mortgages up to per cent." The State of Illinois, thru the Illinois Housing Development Authority IHDA has a bonding capacity of $500 million which could be used to form a pool of mortgage money to be made available at low interest rates to inner-city residents, he said. Mb By Stanley Ziemba DEPARTMENT of Housing and Urban Development officials here are urging local governments to provide inner-city residents with low-interest loans for new housing and home rehabilitation.

John L. Waner, HUD's Chicago-area director, said state, county, and city government have the authority to sell bonds to create pools of mortgage money for below maximum interest rate mortgages to rehabilitate and renew inner-city areas. With the shortage of conventional mortgage funds and the curtailment of federally subsidized housing programs, local governments may be the only place inner-city residents can turn to improve living conditions in their area, he said. He warned that unless help from local governments is forthcoming, there will be more abandonment and deterioration of inner-city housing. INTEREST rates on government bonds have been running about five per cent, Waner 2 Convenient Locations 859 W.

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Free Public Exhibition THE HILL has been there for many years, said Al Hy-man, special facilities manager for the Evanston Recreation Department. But this is the first time it will be used for skiing. Only recently the Evanston City Council allocated $28,000 to equip the hill with two ski slopes, snow machine, rope tow, and two toboggan runs. A season of skiing on "Mount Trashmore" will cost $6 for Evanston residents and $10 for nonresidents, he said. The Lombard Park District has operated a toboggan slope for four years on a garbage mountain in Sunset Knoll.

Thursday No. 29 Noon to 9 Friday Nov. 30 Noon to 9 Saturday Dec. 1 10 to 5 Sale Days Sunday Dec. 2 1 30 Sunday Dec.

2 7:30 Monday Dec. 3 7:30 Tuesday Dec. 4 7:30 Wednesday Dec. 5 7:30 Thursday Dec. 6 7:30 trict's landscape architect.

However, it will be made of Vk million cubic yards of earth dredged from a nearby reservoir instead of garbage. The Elk Grove Village hill won't be for skiing for a few years, he said. But the district operates the following facilities for tobogganing enthusiasts: SIX CHUTES at the Swallow Cliff Winter Sports Area at Mannheim Road and 111. Hwy. 83 near Palos Heights.

Two chutes in the Dan Ryan Woods at 87th Street and Western Avenue. Two chutes at Bemls Woods South on Ogden Avenue, a quarter-mile west of Wolf Road near La Grange. Four chutes at the Jensen Slides at Milwaukee and Devon Avenues. By Jack Fuller THE IDEA of skiing on snow-covered plains around Chicago may sound like a lot of garbage. But the Du Page County forest preserve district and the City of Evanston think it's great.

Both are building ski slopes on mountains of garbage. Three million cubic yards of garbage and clay have gone into Mt. Hoy, a 150-foot hill in the Blackwell Recreational Preserve just north of Warren-ville in Du Page County. "Garbage is just a resource out of place," said John Sheaf-fer, a Chicog waste consultant who collaborated on the design of Mt. Hoy.

"We found a way to put the garbage to good use out there. Now the hill is a very dramatic thing." THE GARBAGE Is sealed in layers of clay so water will not seep thru it and contaminate the area's water supply, Sheaffer said. "The same thing could be done in Chicago, if people would realize that garbage is a means to an end and not an end in itself," Sheaffer said. The end is in sight for Mt. Hoy.

By next winter, according to George Bottoms, superintendent of engineering for the forest preserve district, the hill will be fitted with four ski slopes, a snow machine, a chair lift, and a rope tow. It also will have two toboggan slides. Evanston's ski season will open about Dec. 22 on a 60-foot high hill of garbage in James Park, Dodge Avenue and Oak-ton Street. tSJ W- COAT SALON I The Cook County Forest i Preserye District plans to build a "mountain" similar to I Mt.

Hoy in Elk Grove Village, 7520 N. Skokle Blvd. Skokie 676-0111 0nral pubic am) (toilers tnviwd catalog alula $1 00 WOODFIELD MALL, Schaumburg Daily 9.30-9:30, Sat. 9.30-5.30, Sun. noon to 5:00 north of Biesterfield Road, said Richard Buck, the dis- I For Tribune home delivery, dial 222-4100 OD HQ Lincoln National Bank Chick Evans college scholars are named SUE GOOD NOV.

28th TO DEC. 4th the CHALET Will P.w dikc nn ufuiTc vmhB' mm WSGIK 51 11 ft THE WESTERN Golf Asso-1 ciation recently announced that 33 Chick Evans college scholarships have been award-1 ed to youths who caddy in the foundation. The 1974 Western Open will be held June 27 thru 30 at Butler National Golf Club, Oak Brook. THE 33 Chicago-area winners and the colleges they will attend are: cheese Ishops mm To The Highest Bank Interest Rates Permitted By I Vv fi lit LTD tin I WINE SPECIALS Chicago area. Winners will receive scholarships valued at about $4,000 for tuition and housing for four years.

Each winner caddied at least two years and ranked in the upper 25 per cent of his high school class. Some 230 scholarship winners nationwide have been announced, and an additional 35 will be named from the Chica 99 IMPORTED FROM ITALY GAKC1A ASTI SPUMANTI S2 BTL Join Lincoln National Banks Passbook Savings Account 1 liwcolw 1 CHEESE SPECIALS WWOtTIBOftNliH Mft MYNSTER ..9 129 II. 0TIDflNNIM a a CREAMED KREIVI 1 3 l. (NWOtTIDIMNCH Aft NORTHWESTERN UNIVERSITY Richard R. Kru.

16, 1 S. Vi Slrafnrd Lana, Villa Park; Jowph F. Kurua, 17, 11944 S. La Sana Edward J. Lannmt.

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8B21 S. Kildare Av.i Brian C. ShM, Id, 8041 s. Soutlt Sriora Dr.) Lawranca W. Sorich, 17.

3716 W. 83d St. UNIVERSITY OF ILLINOIS Scoll A. BmIIc. 16, 313 55lh Downeri Grove; Guy L.

Faqlolo, 17. S9I3 76th Elm wood Park) Daniel J. Garra, 17, 14629 S. California Av posan; Richard A. Haake, 17, 607 S.

Pierce Wheaton; Mark V. Hooan, 17, 663 Prospect, Elm. hursl. Jeffrey A. Kallman, 17, 736 N.

GIMonl, Arlington Heiqhts; Ernest M. Koneck, 16, 1573 Paqe Harvey; William J. McNamara, 17, (244 Central Morton Grove; Samuel J. Nicolra, 17, 3606 W. 149th posen; Jeltrey E.

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Sioslak, 17, 1003 Argonna North Chicago. MARQUETTI UNIVERSITY Thomas M. Brennan, 17, 12311 S. Ella-beth Calumet Park; Kevin P. Mahoney, 17, 7012 W.

29th Berwyn; Jeffrey A. Mars, 17, 209 Ravine West, Willow Sorinqs; Leonard G. Mrowctynski. 17, 4J09 N. Meivl.

na Michael T. Mullen. 17, SMS Mansfield Morton Grove; Brian M. Paluch, 17, 2120 Hull Av Westchester; Daniel Rohan, 17, 104SS SI. Louis Ay.) Martin M.

Snehn, 17, 103 W. Lake Shore PURE tot 0 ..9 liTO go area at a later date. MORE THAN 3,000 former caddies have been named Evans Scholars since the program was started by amateur golfer Chick Evans in 1930. The foundation maintains fire, mm chapter houses, which the Evans Scholars manage, on 12 f00i ftSPl college campuses. The 33 Give your child this landmark in educational publishing named from the Chicago-area will attend colleges with chap ter houses.

The Evans Scholarship pro gram, one of the largest in the world financed by individual contributions, is sponsored by PURDUE UNIVERSITY Josenti R. Marshall, 17, 273S W. 174in Harel Cresl; Mark J. Sown, 17, 103 Lake Shore Barrlnqton. INDIANA UNIVERSITY Mark Flanagan, 17, 632 Gunderson Oak Park.

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