PAGE 22, WEDNESDAY, OCTOBER 3, 1984, WHITBY FREE PRESS REAL ESTATE. An excellent value.... Otter Creek home selling for $91,900 This 1,700 square foot home in Otter Creek is •situated on a 180 foot irregular ravine lot. It is a "junior executive" type house with three bedrooms and an at- tached garage. One of the nicest features of this home is the gigantic kitchen that is complimented by a slidinj glass door walkoùt to a balcony overlooking the pic- turesque greenbelt. For the more formal dining occassions, there is a separate dining room that affords a similar view. The centrally situated staircase leads to the unique familyooroom which is on a floor level of its own. In order to thwart the cold winter evenings, a heat cir- culating brick fireplace graces a corner of the room. A few steps up will lead you to the bedroom level, the master having a four-piece ensuite. Each bedroom also boasts ample closet space. The unspoiled basement has excellent potential, especially the sliding glass door walkout to the scenic backyard. An excellent value at $91,500, this home can be seen by contacting Rick Dimock of Family Trust Corporation Realtor (Oshawa)at 579-2243. Durham gets start-up grant for housing Municipal Affairs and courage more when they are at the free bans may be reduction grant of up to Housing Minister municipalities to preliminary stages Of available for technical 100 pr cent of the Claude Bennett announ- become involved in developing non-profit consutant's contracts. federal assistance. ced Monday a $5,000 municinal non-nrnfit housing. NEWS HOUSE OF THE WEEK The $5,000 grant will help the municipality assess how its senior citizen housing requirements can be met under the - municipal non-profit housing program which, involves both market rental and rent-geared- to-income apartments. For municipalities deciding to get involved in non-profit housing, grants may be followed by interest-free loans to municipal non-profit corporations, to be used as interim financing for administrative and development costs. Additional interest- The mimstry loans are scheduled for repayment at the time af theefirst mortgage advance. If for some reason a project did not go ahead the ministry will absorb the costs. Under the ministry's municipal non-profit housing program, a federal rent reduction grant from Canada Mortgage and Housing Corporation reduces the effective interest rate on loans from private lending institutions to two per cent. When required, the province offers an additional rent These rent reduction grants are used to main- tain overall rents at market levels, and to subsidize rent-geared- to-income units. If ad- ditional funds were required, they would be shared on a 50:50 ratio between the federal and provincial governmen- ts. Up to 50 per cent of the occupants in senior citizens buildings and Up to 25 per cent of the occupants in family developments pay rent based generally on in- comes. The remainder of the tenants pay market rents. i -~ FAMILY TRUST CORPORATION REALTOR 448 King St. W. Oshawa 579-2243 75 ACRE FARM 5 MINS EAST OF PORT PERRY. 4 bdrm. house, lg. barn & sheds, porids, racetrack. Vendor will asslst In financing. Rick Dlmock Famlly Trust Corp. Realtor. 579-2243. DID YOU KNOW that to a qualifled homeowner, a packagê policy la avallable providlng $80,000 on your home, $48,000 on household contents and $1,000,000 faihly liabllity for an annual premium of $160.00. For Further Details Cail: VICKINSURANCE 101 Dundas St. W. sinS 1ss Suite 302, Whitby 668-3579 i