Banks Eager To Advance FHA Home Modernization Loans
Financial institutions nationwide report rising demand for modernization loans backed by the Federal Housing Administration. Bank executives from Union Planters in Memphis, Commercial Bank and Trust in Albany, Lorain County Savings in Elyria, and Hudson National in Hudson describe increasing loan activity, minimal extra cost, and strong public interest as home upkeep and construction regain momentum.
MENTIONED IN THIS ARTICLE
J Alexander
Union Planters National Bank and Trust Company
Memphis
Tenn
William L. Gillespie
Commercial Bank and Trust Company
Albany
N. Y
New York State
A BB. Taylor
Lorain County Savings and Trust Company
Elyria
Ohio
Norman M. Hunter
Hudson National Bank
Hudson
Mass
Iman
H J van Hooks
Prospect Park National Bank
Prospect Park
WNJ
Ree
Home Modernization Loans Promised To Pay Off
A city with 5,000 residents reports 2,870,000 in modernization loan sources. Officials claim every loan will pay off 100 percent as upgrades cover gutters downspouts rafters walls doors and weather stripping amid safety and comfort improvements.
Many remodeling and reroofing permits issued last week
Building permits were issued to numerous individuals for reroofing and remodeling projects during the week ending Friday. Notable items include J J Vavra reroofing at 210 Sixteenth Street SE for 180 dollars and Robert McIntyre new dwelling at 2115 E Avenue NE for 3,500 dollars.
MENTIONED IN THIS ARTICLE
C E. Rittenberg
J Street
J. J. Vavra
Sixteenth Street
M. A. Winne
F Avenue NW
Cc. P. Fry
Ellis Boulevard
Bover and Company
Washington Avenue
S P Moore
G Avenue
Marion Beaty
Eleventh Street
Sarah Maier
Grande Avenue
E. W. Krickard
Twenty-third Street
L. T. Day
Maplewood Drive
Robert McIntyre
E Avenue
Martin Polehna
Eighteenth Avenue
R. Stebbins
Alice Novak
J S Arendts
A Avenue NE
John Michel
Fifth Street
C J. Murray
Fifth Avenue
L. A. Kohl
E Avenue NW
E. C. Young
Fourteenth Avenue
J. M Wiley
Fifteenth Street
J S. Ely
First Avenue
Lindley Coon
B Avenue
J. A. Hansen
Tenth Street
G S. Mentzer
Twelfth Street
Bert Leonard
Emma J. Allen
Five Year Installment Aid Expands Home Renovation Loans
The five year installment period under the National Housing Act broadens access to modernization financing. Austin L. Black, deputy regional director in San Francisco, cites a young couple denied a $1,800 loan because their income did not support a three year term.
MENTIONED IN THIS ARTICLE
Austin L. Black
San Francisco
California
Local firm named distributor for Alexandria rock wool makers
Hawkeye Lumber and Coal Company is appointed distributor in the area for General Insulating and Manufacturing Company of Alexandria Indiana the nation’s largest rock wool producer. Jong in the house insulation field.
MENTIONED IN THIS ARTICLE
Hawkeye Lumber and Coal Company
General Insulating and Manufacturing Company
Alexandria
Ind
Jong
Rock wool insulation gains new uses in homes and appliances
Rock wool, made from rock fused at 3000 degrees and blown into wool like fibers, was once used mainly for high temperature insulation. Now it furnishes insulation for refrigerators, home heating boilers, gas and electric ovens, water heaters and similar appliances.
MENTIONED IN THIS ARTICLE
Cédar Rapids
Also Mentioned on This Page
FHA
Washington, DC
James A Moffett
Wa Finsa
Gradirs.andscapings
Footing
Invenor
Irenor Wrm
Emma_ Truhler
Haukeye
THE
Gimco Rock Wool Distributors
Hawkeye Lumber & Coal CO
Johns Manville
J-M Rock
Third Street
Sears
Chrome
Sears, Roebuck and Co
Third Ave
Cedar Rapids, Ia
Hawkeye Lumber Co
Broulik Bros
Painters & Decorators
2Nd St. SE
Dial
Winter
Cedar Rapids Pump & Supply Co
American Boilers & ‘Aanierons
Yee An Nora Penton
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