REAL ESTATE
M.D.SNQDGR ASS
LISTINGS NEEDSB for Farrt
& Town Property.
Claras Variety
I never look for
Bargains mysfelf
but - I can tell
you where to look
jtijp': for them,
right here at
. Clara’s Variety
- . ** * * *
Store Hours 9/xi - 7:30 Pn
7/E CAN' FURNISH
YOUR EVERY
electrical
NEED
fror.i the
WIRING
to the
FIXTURES
******
Complete your sots with
P L C HAND TOOLS
YOU SAY IT
The longest place-nnne in the Uni
ted States is the 14-syllable trens
literc.tion of an Indian (Mohegan)
phrase for a lake near ’Webster,Mass
3 nilcs from the Connecticut line,
on State Route1.193. It is
Chargogagogr.anchnugagogchaubunagun
gamaug
end ife said to nean "you-fish-on
your-side,we-fish-on-our-side,no
body-fish-in- the-niddle." A village
of the Nipnuck praying Indians was
settled here in 1674. Locally the
lake is called Lake Webster.
AL A SKA hOUSING AUTHOR11Y
RECEIVES 5 MILLION
Five million dollars have been de
posited in Juneau, in the Federal
Disbursing Of-fice, for the use of
the Alaska Housing Authority in con
nection with its new housing program
which was approved by Congress ' last
year, ,it was arnounced .today by E.
Glen Wilder, Executive Director.
"This fund, together with the recent
’unfreezing’ of a portion of the
Alaska Housing -authority Territorial
funds by the .Hoard of Administration
in Juneau puts tl;e AHA in a position
to proceed with its broad new hous
ing plans," Wilder stated. ”We are
now ready to do business end invite
all prospective housing sponsors^to
contact the AHA for further infor-‘
motion,!* he Said.
During the year 1949, the Territor
ial Legislature passed authorizing
legislation and the Congress ap
proved an enabling Act known as the'
"Alaska Housing Act"; the direct'
result of the efforts of the AHA,
and which has already resulted in
a quantity of housing units in the
major communities of Alaska to be
planned for early construction as
soon as the building season opens
this Spring. The 67 unit Turnigan •
•rm apartment building in ^mchorage,
and the 662 unit apartment project
for the -lx ska Railroad and Fort
Richardson is already well under
way.
"We may assist corporate sponsors
with the financing of their projects
if private financing is not avail
able. 7c also wish to help home
builders otherwise by giving plan
ning and design advice on their pro
jects ,Wilder said.
Wilder stcted that the prime purpose
of the programs of the ALaska Hous
ing authority is to encourage the
greatest quantity of private finan
cing and private construction that
is possible. It is hy assisting,
financially and otherwise.prospec
tive housing sponsors that the AHa
hopes to encourage and develpp a
self-supporting home building indus
try for .«Aeska. The Alaska Housing
T.uthority was approved by Congress
as a mortgagee, and as such will use
•the available funds to lend to pri
vate housing sponsors. Loans may be
aade for the first mortgage and pre
construction financing and advances
during construction. It was empha
sized that loans by the AHA may only
be made to corporate borrowers and
when private financing is not other
wise' available. ' "
\cOlOh Y DAY- MAY 27- 26