Loan program targets manufactured homes MORE MANUFACTURED homes qualify for law down- payments oun federally insured mortgages through an expansion of Canada Mortgage and Housing Corp..s (CMHC) Chattel Loan Insurance Program. The announcement was made recently by David C. Dingwall, minister responsi- ble for CMHC. “Manufactured homes are an affordable homeownership alternative which is now more accessible than ever." The Chattel Loan Insurance Program (CLIP) allows consumers to pur- chase mobile and modular homes with downpayments Located in prestigious Upper “NOW € views from upstairs bedrooms and big 64 x 138 fot. Master bedroom has private balcony and deluxe as low as 10%, or 5% for ¢li- gible homebuyers under the First Home Loan Insurance Program. CLIP was intro- duced by CMHC in 1988 as a five-year experimental pro- gram. The objectives were to improve access to alternative affordable housing without involving government expen- ditures and to help place manufactured homes in a more’ competitive position with. conventionally built homes. A program evaluation found manufactured homes to be durable and of high quality. As a result, CMHC has: Bo made CLIP a regular pro- gram; Biextended the program to include resale manufactured homes: and, M1 introduced program modi- fications to bring financing options more in’ dine with those of conventionally built homes. Since 1988, an average of 600 families per year have used CLIP to purchase a home. CMHC estimates that this number will increase to at least 2.500 per year as a result of these program enhancements. CMHA mem- bers produce 12,000 units per year of which 20% is export- ed to other countries. OPEN SUNDAY 2-4 4150 ST. GEORGES LY §625,0C0 5 bedroom 3500sq, ft., 4 year old home has great # ft 5 poe. ensuite. Sunken living room, Oak kitchen cabinets, French doors and marble tile entrance are some of the great features. CAL Buy or men ROBERT ARK 7 tte ; TA SRE EP aL SHYAM HIRA | FOR RESULTS! Gold Master Member 12 Years , BUY Buyers or Sellers receive TICKETS TO. 0} OR. <2 PARADISE suite SELL Hawaii, Mexico, USA, Canada perre Seirorntoreeiyesinns sell & Get | from me 2 FREE } Tickets io Fly! : : Over 1,000 Resorts ‘for you to discover! Mexico Caribbean , fam: j , fn touchi TEL: 986. 680-4870 (Pege)~_WOTtH? So you got Hawaii In touch! 986-0654 Home 686-4870 Pager thie SIGH! ¢ AFFORDABLE + BEAUTIFUL * CONVE- 5 NIENT. SE corner. Top floor. 1 bdrm. Nr. L.G. ¢ Hospital, stores, bus. #324 - 206 E. 15th St. f Open Sat/Sun 12:45-2:45 property” Call now for free evaluation / no obligation. : P SOLD 2 SUITE #206-308 West 2nd St. Asking place, insuite laundry. zr LOT 50X 1 20° 3 L-E-V-E-L-S. City / water views from up. Live # $179,900, fire- #108-308 West 2nd St., Asking $169,900. Fireplace. Insuite laundry. LA-DE-DA! Excellent buy — V-!-E-W | Sauna / exercise room — near SeaBus a Asking $96,900 up and rent below or rent afl 3 units! CED TO SELL. Try $25,000 down & $1491 pm (mort) for 2 yrs. 2 bdrms / den, fireplace, 5 appliances, Capilano Mall. #1 - 888 West 16th. nr. Village area. | Imagine yourself living and working out of your own dis- tinctive architect designed home & office in Edgemont * 3 Bedrooms which includes deluxe master bedroom * Elegant maintenance free garden * Open contemporary floor OPEN SAT/SUN 2-4 826 CUMBERLAND CRESCENT Neighborhood won street beautification AWARD. plan with unparaileld ’ | $568,800 views of Vancouver * « Decks, vaulted ceilings, skylights, radiant heat, central vac system * Large workshop could be games room * Double car garage * Private unique street * Revenue suite built into original floor plan * Come view this one of a kind property CALL DINA ROBERTSON NOW! a 686-1713 ‘PAVLAKOVIC 986-9321, 980-1546 $499,900 NO GST THE NEW HOUSE IN N. VAN. your private ELFIE PAVLAKOVIC 986-9321, 980-1546 sutt valty: : EET AG EEO Ste BET rey tr aig PAs, bows #) This architecturally designed home boasts many exciting features: 4 bdrms up B 7 & 2 bdrm self-contained inlaw suite down, extensive woodworking detail § including pillars going into living room and family room, concrete wine cellar, f & security system, pre-wired built-in sound system, year round fish pond, com- E mercial 200 amp service, gas stove, gas dryer, private secluded back yard, } B open plan, gourmet kitchen, lots of pot lights, etc. Call me now for 8 showing.