25
LOCAL NEWS
The HIGHEST
Money - Market Rate
in the
Detroit Metropolitan Area
Among Major Financial Institutions
— for --
Federation Targets
Continued from Page 1
7,',177M
111
Consecutive Weeks
SOUTHFIELD
LATHRUP
VILLAGE
HUNTINGTON
WOODS
11 MILE
10 MILE
OAK PARK
9 MILE
SHADED
AREA
IS
TARGETED.
Federation and its agencies are
also considering new construc-
tion projects in the 10 Mile-
Greenfield area, including a
fourth Jewish Federation
Apartments building for senior
adults and expansion of the
Jimmy Prentis Morris Jewish
Community Center. The Jewish
Vocational Service has its subur-
ban headquarters under con-
struction at 121/2 Mile and South-
field Roads.
In developing The Neighbor-
hood Project, Federation's plan-
ning department was guided by
similar, successful programs in
Baltimore and Cleveland.
Many of the details of the new
program remain to be worked
out. "We don't know yet if the
mortgage assistance will be pro-
vided to just first-time buyers, or
to people moving from one area to
another," said Larry Ziffer, direc-
tor of community planning and
budgeting for the Federation.
Even area boundaries have not
yet been resolved. Ziffer said
Federation's Conference of Di-
vision Chairmen, lay leaders who
oversee the budgeting process for
the funds raised through the Al-
lied Jewish Campaign, will de-
vise the rules for The Neighbor-
hood Project.
The Conference of Division
Chairmen is chaired by James M.
August, and includes Eugene
Applebaum, Peter M. Alter,
David L. Bittker, Harvey A. Gor-
don, Hugh W. Greenberg, Dr.
Dan Guyer, Jerome Halperin,
Mark Hauser, Stuart E.
Hertzberg, Lawrence S. Jackier,
Allan Nachman, Marvin R.
Novick and Jessie Stern.
Ziffer, who proposed guidelines
for the project, said he expects the
Jewish neighborhoods along the
Ten Mile corridor to be the main
focus. "But if someone wants to
buy a house along Nine Mile,
near the Lubavitcher Center, I
don't think we'd turn them
down." He also included the Bell
Road area of Southfield.
"Our interest is to help get
things moving," Ziffer said. "Just
putting in money won't do it
alone. We want to convince
people who are there to stay and
help build the community."
The Federation leadership is
also working to get matching-
fund grants or low-interest loans
from local banks and mortgage
lenders to supplement the UJC
funding. "It's a conservative
start," said Ziffer, "but a mean-
ingful one. It gives us a chance to
test the waters and see what kind
of response we get."
Ziffer said the project grew out
of informal concerns expressed by
Federation leaders over many
years. He credited Tauber with
encouraging the project.
"We are all very excited, and
have been chomping at the bit to
get started. The communal in-
vestment," said Ziffer, "is ex-
traordinarily important to us.
Some people are going to say, 'We
have to move.' But there are
areas that you could have written
off a year ago that are now selling
like hot cakes to young Jewish
families.
"Not everybody can afford the
more desirable suburban areas.
We see an advantage in keeping
a Jewish community here. It's
very ambitious, but very exciting
for Detroit."
Also excited were area civic
leaders. Oak Park Mayor Char-
lotte Rothstein, who was con-
sulted from the start, said The
Neighborhood Project will do
much toward enhancing the Oak
Park area. "This is an opportu-
nity to preserve the sense of
neighborhood that once char-
acterized Jewish life in Detroit
and which is so rare in today's
spread-out suburban society. We
have something pretty special in
Oak Park. I'm delighted that
even more people are going to
find out about it and seek to be-
come a part of our community."
Donald Fracassi, mayor of
Southfield, also expressed op-
timism about The Neighbhor-
hood Project. "It will call forth
the sense of teamwork that
Southfield is famous for," he said.
Fracassi added that The
Neighborhood Project will benefit
from a program recently initiated
by the city's Community Rela-
tions Department Information
Center which surveys the inter-
ests and concerns of neighbor-
hood residents.
INSTANT LIQUIDITY
INTEREST RATES AS OF: 5-7-86
FINANCIAL INSTITUTIONS
MONEY MARKET RATES
6.50
Franklin Savings
Reagan To Chair
Ben Gurion
Committee
.
Washington (JTA) — Presi-
dent Reagan has accepted the
invitation of Israel President
Chaim Herzog to act as honor-
ary chairman of the David Ben
Gurion Centennial Committee of
the United States, it was an-
nounced here recently by the
Centennial Committee. Rea-
gan's participation in the year-
long celebration of the birth of
Israel's first Prime Minister
acknowledges the special rela-
tionship between the United
States and Israel, the Commit-
tee said.
The Centennial Committee
will coordinate educational and
cultural activities throughout
the United States, from Octo-
ber, 1986, the anniversary of
Ben Gurion's birth, until May 4,
1987, the 40th anniversary of
Israel's independence, culmin-
ating with a gala celebration at
the Kennedy Center in Washing-
ton in May 1987.
The Committee is represented
worldwide by Herzog. In the
U.S., it is chaired by Jack
Spitzer, honorary president of
B'nai B'rith International, and
co-chaired by Israel's Ambass-
ador Meir Rosenne.
Comerica
Detroit & Northern
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Manufacturers
Michigan National of Detroit
National Bank of Detroit
Standard Federal
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