21, 1971 .... JAX AIR NEWS-LATWINGER PAGE 13 - Veteran Loan Policies ExpandedWith t Decreased Interest RatesVeterans , i- : using GI loans will have improved opportunities tofinance homes and will pay less for loans as the result of two important actions in recent weeks. The latest was the lowering of the maximum interest rate to eight percent effective Dec. 2. The rate had been 81 percent since last January.This . reduction combines with provisions of the Veterans and the Korean Conflict.It home from service and it also Housing Act of 1970, recently also lowered the cost of loans allows older veterans to take a signed by the President, to make by doing away with a .5 percent new look at their housing needs the outlook brighter for millionsof funding fee previously paid by and perhaps find ways to meet veterans in the view of Administrator post-Korean veterans. them better,' Johnson said. of Veterans Affairs Johnson said that the average Donald E. Johpson.The GI home loan at this time is about Johnson said that the new new law allows loans on $20,000, meaning that the buyer ability veterans have to purchase mobile homes and con would save $2,530 over a 30-year( mobile homes with GI loans will \ --- Ic dominiums for the first time and loan period from the reduction in be a big help to young veterans L also allows GI loans to be used for the interest rate. with limited income. refinancing homes already 'This reduction plus the greater 'The best thing about this owned by veterans.In flexibility the new housing law provision is that it does not addition, it also restores the gives the veteran make the prevent the veteran from buyinga expired, unused eligibility for housing outlook considerably conventional home with a GI loans to veterans of World War II brighter for men just coming loan at a later time when his financial condition is better,' 1 --......, ,... Marine 1st Lt. Wins Johnson Eligibility said.for a loan is restored .... to a veteran once a mobile home COURSE COMPLETEDBen Franklin,a mechanic at the NAS gas loan is paid off The law also Medal station, recel/'es a certificate from assistant Navy Exchange OfficerLt. Bronze Star provides that loans for mobile (fig| ) David Jenkins, for completing a one week General Motors homes may include funds for lots training course in Jacksonville. The course was sponsored by the on which to place the units. Navy Exchange. Jax-Marine 1st Lt. Robert R. Hickinbotham, a Vietnam veteran who is the assistant guard officer for NAGI Installs the Marine Barracks here has been awarded the Bronze New Officers Awards Program Turns Star with Combat 'V' for meritorious service in Vietnam Jax-H.S. McClain heads the list of new officers of the local Into $$$ He served with the First subsequently as commanding unit of the National Association of Suggestions Marine Division from February officer. lie has been commendedfor Goverment Inspectors (NAG) 1969 until February 1970 and his superior performance of installed during a ceremony at participated in six major combat duties, bold initative, aggressive the Holiday Inn Saturday night. Jax-Do you have an idea or Inquire among your ,coworkersto He and steadfast devotionto particularly leadership operations. was McClain took thepresident's find out where work over could the problemsexist invention that save cited for his participation in a duty throughout his tour in of Unit One job , it be and set a goal of finding a' Navy money? If so, may search and clear operation in Vietnam. National Association of Gover worth as much as$5,000 to you to solution. When you come up witha Lt. is February 1969.According The 24-year-old 1st a ment Inspectors, from Arnold jot it down on a suggestion form reasonable idea, get a to his vitiation, his native of Columbus, Ohio and a Nabors. and submit it to division suggestion form from your your under of the Naval Academy. division head and write it down. company came enemy graduate Other new officers of the unit officer. the fiscal For further information on how attack at that time and, as his lie has been assigned here since are D.D. Field, vice president; During previous citation read.'lst Lt. Hickin March 1970.Job . J.E Murphy, secretary ; and Marine to make your suggestions turn to 1,087 Navy year botham after assessingthe quickly and treasurer R. N.Vertigan, ; cash call Datres incentive Corps members received Ray , situation directed accurate Johnson, sergeant at arms. at Ext. awards totaling awards administrator, OpeningsJaxJob suggestions artillery fire on the enemy Among those attending the $143,748. Look) around your work positions and gained fire dinner meeting were David Bell area and discover where unnecessary 3255.Wives superiority. As his unit sub- openings available to of the Naval Air Rework Facility, machinery parts or Elect sequently attacked the enemy NAS civilian employees are Cherry Point, N.C. and NAG manpower are being expended. force, they were able to capture financial manager, GS-12 or 13, National President; Jax NARF vital intelligence documents.1st MPB 142-70; auditor, GS-7 or 9, Commanding Officer, Capt. . New OfficersJaxNew Lt. Hickinbotham was later MPB 1.71; and production con D.H.Heile; and L.J. Barilla, DUVAL COUNTY'S NO.1 assigned as executive officer and troller(electronics) GS-7, MPB 2- quality insurance superintendentof AMERICAN MOTORS 71 the local NARF., DEALER officers took charge . for the first time at the January .JiU4f acteca meeting of the VP-16 Enlisted Lo WER PRICESSHOP Wives New Club.club President Sundrea Open for Admiration ANY'AMERICAN MOTORS' Nugent introduced the guest DEALER IN DUVAL COUNTY speaker, Cdr. E.R. Nordvedt.The . WEGUARANTEETOBEATANYBONAFIDe DEALOR PAY YOU presentation commander to the gave wives a slide and I Kingsley Armsmove I $25.00 I IN CASH. discussed the mission their husbands participate in and the SOUTHSIDEAMERICAN places they travel to on deployments.Other new. officers are Vice- In todayTHE Javelin Gremlin Matador Hornet President Juli Neuman, AMX .The luxury'Ambassador' Secretary-Treasurer Ruth ! 5415 Phillips Highway BrownPublicity Manager Sonja FIRST MODERN GARDEN TYPE COMPLEX Jacksonville, Florida Stout, Telephone Chairman I OF ITS KIND IN FLORIDA, absolutely the most ; 737.3400 Bonnie Brown and Hospitality Chairman Marge Vogel.EPARK. t modern construction concept available today. j jA , TRULY MODERN APARTMENT COMPLEX. In j a setting of natural, beauty convenient to everything. 'j I Q enan 9 JACKSONVILLE Compare These Features eI era Laundry Facilities r Wall to Wall Carpet .. a Central Heat and Air Cond Beautiful Panel) Walls o x' :- Deluxe Electric Appliances , Private Patios and Sun- s KINGSLEY ; by Westinghouse ARMS .5 decks .Ample Parking :is Us 11 : Large Swimming Pool Fully Landscaped and Lots 1 es Community Lounge of Shade Trees ORANGE PARK t : /: :" AVAILABLEWITH1,20R3 BEDROOMS... t ., St. Johns River FURNISHED UNFURNISHED N' I ',4 MILE FROM ORANGE PARK QUINIELAS WINNING ALL ELECTRIC r\i\ JR. & SR. HIGH SCHOOL'f''f . TONIGHTSllthfc APPLIANCES BY \-J ALSO NEAR Sf10PPINGWESTINGHOUSE , 12th CENTERS AND CHURCHES RACESC.RANC ' ' 2648102JANUARY f b %r, 2C r N Y'bn/ y ; WINNING begms TONIC Tat I-Saturday I ,304 I .