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The Woodlands Development Co
Today's Throwback Thursday is courtesy of The Woodlands Development Co—here's George Mitchell on Oct. 19, 1974. That's the day The Woodlands opened and home sales began. (Houses started at $49,999.) It was all possible thanks to a $50M loan guarantee from the government under the Housing Act of 1970. It's a diamond for the program because it's the only project under the act that didn't default on its loans.
