Newspaper Archive of
The Glenville Democrat
Glenville, West Virginia
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March 25, 1976     The Glenville Democrat
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March 25, 1976
 

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12 The Glenville Democrat/Pathfinder March 25, 1976 Rural rental program on the upswing J. Kenton Lambert, State Director Farmers Home Administration com- mented today that the Rural Rental Housing Program is experiencing ar accelerated rate of inquiries anc applications. It is now expected thal the use of this program will more that double in West Virginia. Rural rental housing loans can be made to applicants, including indivi. duals, profit corporations, non-profit corporations, and State or local public agencies, to provide rental units fox low and moderate income families. Loans can be advanced over a 4C year period, except that a loan to provide housing for senior citizens may be amortized over a period not tc exceed 50 years. The interest rate is 9% . ,In addition, non-profit corporations or other borrowers agreeing to operate on a limited profit basis are eligible tc receive interest credit which could, in some cases, reduce the amount ot interest to 1%. Projects can be developed in rural areas. This includes communities ot 10,000 persons or less, which are not part of or closely associated with urban areas. According to Director Lambert, there are many areas in West Virginia where improved housing is greatly needed. The development ot rental housing projects is one of the ways to help meet this need. State Director Lambert stated that there are now approximately $12,000,000 of rental housing applications in process. Further information concerning rural rental housing loans or other programs administered by the Farmers Home Administration may be obtained from the local County Supervisor serving the area in which the project will be located, Congressman Ken Hechler has successfully added $6.3 million to the Energy Research and Development Authorization bill to increase produc- tion of natural gas from West Virginia, Ohio and other eastern shales. JD550 put new punch into your operation Model 6415 Bulldo=r is non-angling, all-hydraulic, designed for land clearing and rough dozing work. Hit rolling speed fast, fully-loaded or in transit, forward or reverse. That's just one way the 80-gross horsepower, turbo-charged, torque-converter-drive J D550 can put a new punch into bulldozing work. Three gears forward and three reverse provide speeds to 5.7 mph and 6.8 mph, respectively. No clutching between speed ranges means non-stop acceleration for more efficient production. LOCKARDS INC., FLATWOODS IIII I I I IIII i i m Little Kanawha story to appear in May issue of "'Woaderful West Virginia" The May issue of Wonderful West Virginia magazine will include an article on the Little Kanawha River in Gilmer County. Brad Davis, a former resident of  Gilmer County, gives readers a look at those by-gone days when the Little Kanawha carried' thousands of logs downstream to the mills. Persons interested in obtaining a subscription to the magazine should send $3.00 to Wonderful West Virginia, Department of Natural Resources, Charleston, WV, 25305, before April 15. Single copies can be obtained by sending 35 cents to the same address. FOOD BILLS COULD BE WORSE If food bills that are way up have you way down, take consolation from Labor Department figures sh6wing that although the 18 percent of disposable income we now spend for food is higher than it has been in years, it's still lower than in other developed countries. In Italy, food takes 29 percent of disposable income, in England 31 percent, and in Finland 34 percent. AUDITS NOT ALWAYS COSTLY One third of the individuals whose federal individual income tax returns were audited last year were not required to make additional payments. In fact, one in six of them got money back. CAN'T AFFORD THE POSTAGE? Before the end of the year, Uncle Sam expects to be transmitting to banks electronically the Social Security checks of beneficiaries who ask for direct deposit. The government may be trying to cut down its own postage bill, which now runs $5,280,000 a year - for Social Security checks alone. Hechler increases funds for natural gas "This increase in fnds is very significant for West Virginia in several different ways. The shales of centraJ and southwestern West Virginia are potentially rich in medium BTU natural ga reserves. Several experiments have been already started by the Energy Research and Development Administration in coopertion with the Columbia Gas Company. These additional funds which I am obtaining will step up our work in hydraulic fracturing to recover the natural gas, and will also stimulate the discovery of new fields in West Virginia. "Recently, I had the opportunity to spend a full day at the Morgantown Energy Research Center, which is doing a great deal of work in exploration and stimulation techniques for the so-called 'Devonian shales' in West Virginia, Ohio, Pennsylvania and the Appalachian basin. Some of these shales were formed 350 million years GLENVILLE SUPERETTE Open 7 Days A Week Monday-Saturday, 8-10 . Sunday, 10-10 ON TH E TAX CUTS FOR 1975 QUESTION: 1 know there is much talk about continuing to lower taxes for 1976 but what exactly are the reductions that might affect my 1975 income tax return? T ANSWER: Under the Tax Reduction Act the largest tax-cut measure in the historY States, taxpayers this year benefit significant tax changes: ( l ) a tax credit of $30 sonal and dependent exemption is granted payers; (2) the standard deduction has been to 16% and the low-income allowance categories; (3) low-income levels at which quired to file tax returns have been raised cories; (4) a refund in the form of a negative earned income credit, is in effect for low-in who qualify, and (5) the new-home purcha entitle a taxpayer to a direct deduction $2,000 against his 1975 income tax if the meets various IRS conditions. Ernest Grantsville ary 22, in the Clarksburg Born at graduate of School and 1945 State team. He Army and had lived Cleveland, and was a VFW Post moved to and was self Deborah two sons, Arizona two Mrs. Carrie two sisters, Mrs. Ohio. His died in 1968 was killed Services February 25, Home with McKee in ago in the Devonian age. The increased funding will enable the Morgantown Research Center to expand its activities." "A third result of this funding increase will be to make more natural gas available to customers and businesses at a time when our natural. gas supplies are dwindling. Hopefully, increased supplies will also be available without the sharp price increases which far too many customers have experienced on their monthly gas bills," Congressman Hechler stated. Hechler is Chairman of the Fossil Fuels Subcommittee of the House Science and Technology Committee. TENANT PROTECTION To assure tenants that emergency repairs will be performed when required, some communities now require security deposits of landlords. For each apartment house, a specified amount is put into an interest-bearing account that can be used for work on that building. SEX AND THE MILHONAIRE Planning to become a millionaire? You have better than two-and-a-half times the chance if you are a woman. Internal Revenue Service says there are about 27,000 women millionaires, only 11,0OO men. Copies of each week's Glenville Democrat are available at Community Super Market, Summers Pharmacy, The Grill, Conrad's Motel, GSC Bookstore, Pt Grocery, Superette, Go-Mart Food Store and Glitch,,- Graphics, Inc. SEMENT ,lUST OFF 1-79 AT THE GASSAWAY- SUTTON EXIT TURN RIGHT TOWARD GASSAWAY Spencer Grantsvme Burnsvllle Arnoldsburg REXROAD'S, ) Cloe Gassaway Sutton Clay Webster Springs Rlchwood ALL ROADS LEAD TO I BUILDERS SUPPLY