The Union Villa II project is part of a Taiwan Government programme to provide modern housing for mid- dle income families. As Taipei's ex- pansion and prosperity increases, the need for such accommodation comes more acute. The city's population has now reached over one million and a further 50,000 are being added yearly.
be-
Each Union Villa family purchases an apartment for about US$5,000, but does so on American-style long term credit. Some US$5 million in 20-year mortgage money has been invested by three US insurance com- panies: Bankers Life and Equitable Life of Des Moines, Iowa, and Union Mutual Life of Portland, Maine. The mortgage money is backed by
guarantees of the US Agency for International Development AID's first extended risk housing guaranty to a Far East country.
The developers, Union Builders, Ltd.. are an affiliate of Builders In- ternational. Inc., New York, who are now planning similar community pro- jects in Kuala Lumpur: Dakar, Senegal; and LaPaz, Bolivia.
Garden area between blocks
50
Central park looking
towards market
Far East Architect & Builder August, 1967
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