Functions Of Group Housing Now Clarified
The Federal Housing Administration clarified its rental housing program under the National Housing Act amendments. The term multi ply and group housing replaces low cost housing, reflecting broader eligibility. The program supports large scale projects with up to 5 million dollars and smaller developments with mortgages from 16000 to 200000, with sponsor choice of plan and lender option to seek terms.
MENTIONED IN THIS ARTICLE
Washington, D. C
Federal Housing Administration
Federal House Administration
Storage Guidelines for Storm Doors and Sashes
Home owners should store storm doors and sashes properly after removal in spring to ensure fall usability. Lay them flat to fit frames, store in a dry well ventilated place, avoid basement walls, and consider an attic basement or upper garage storage room with outside ventilation.
Mortgage insurance terms expand for small housing projects
The administration will insure up to 80 percent of appraised value for large and small housing projects, with caps of 1,350 dollars per room for large schemes and 16 thousand to 200 thousand dollars for smaller ones. Interest caps are 4 percent and 6 percent, with a one half point annual premium on outstanding principal. The program targets wage earning and salaried renters as the main beneficiaries.
MENTIONED IN THIS ARTICLE
Gage-Insurance
Liberalization of Housing Act Won’t Ease Mortgage Rules
Washington DC. Stewart McDonald head of the Federal Housing Administration says liberalization of the National Housing Act will not lessen the requirements for borrowers or lenders who use the insured mortgage system.
MENTIONED IN THIS ARTICLE
Washington, D. C
Stewart McDonald
Federal Housing Administration
Chimney Safety Against Building Framing Ties
A chimney must stand independently of house framing to prevent cracks and fire. Framing should stay at least two inches from the chimney with footing depth of at least twelve inches and eight inches beyond edges. Local codes and FHA plans may fund repairs with insured loans up to ten percent of the loan.
MENTIONED IN THIS ARTICLE
United States
Federal Housing Administration
The
Housing Administration
Queens Nassau Home Builders League to distribute plaques
The Queens Nassau Home Builders League will award membership plaques to its members. Membership is limited to builders who meet a standard above FHA requirements. The league reports a 25 percent rise in members since National Housing Act amendments last year liberalized rules.
MENTIONED IN THIS ARTICLE
Queens-Nassau Home Builders League
Federal Housing Administration
Attic Studio Turns Hobby Space Into Child Art Workshop
An attic transformed into a studio supports a child's interest in painting or sculpture without disturbing the home. Guidelines include funding from a private lender under housing act terms, proper light from dormers or skylights, a separate shutoff room, durable washable walls and floors, built in furniture, and ample shelves and cupboards for materials.
MENTIONED IN THIS ARTICLE
Throperty Neer Credit Jamaseres Housing Act
Texas Rules on Dividing State into Five Without Congress
A claim states Texas may increase its senatorial representation by splitting into five states without Congressional approval. The assertion lacks legal basis and contradicts current constitutional procedure requiring Congress approval for statehood changes.
MENTIONED IN THIS ARTICLE
Washington
Texas
Congress
FHA loan includes architects fees for new building
Under the Property Improvement Credit Plan of the Federal Housing Administration a loan not in excess of 2500 may include architectural and engineering services. Proceeds must be used to erect a building that will be structurally complete and ready for occupancy or use upon completion.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Housing data shows 1937 home building peak in nonfarm areas
Federal Housing Administrator Stewart McDonald cites Bureau of Labor Statistics data indicating more one family dwellings were started in 1937 in all non farm communities than in any year since 1930.
MENTIONED IN THIS ARTICLE
Stewart McDonald
Bureau of Labor Statistics
FHA Insures Loans Under National Housing Act
The Federal Housing Administration does not lend money. It insures loans made by private financial institutions under the National Housing Act provisions.
MENTIONED IN THIS ARTICLE
FHA
Federal Housing Administration
National Housing Act
Rooms Should Harmonize In Redevelopment Efforts
When redecorating a house care should ensure adjoining rooms harmonize. A housewife varied wall finishes from cream to dark brown across rooms opening into a central hall. Housing Administration funds may be obtained for redecorating of a house.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Wallpaper Borders Add Interest to Painted Rooms
A border strip of wallpaper enhances rooms with paint ed walls. Manufacturers offer hundreds of styles to fit any period. Using borders can adjust perceived room height and coordinate with private lenders under the Federal Housing Administration program.
Exterior porch rail trim fit to shed water
When installing exposed porch rail and exterior trim all pieces should join to prevent water ingress into joints. This prevents material deterioration and reduces maintenance costs.
Building employment rose in 1937 despite year end drop
The average building construction employment for 1937 was 29 percent higher than 1936, even though November to December 1937 saw a drop of 17 percent in such employment. Bureau of Labor Statistics data analyzed by the agency notes the overall gain for the year.
MENTIONED IN THIS ARTICLE
Bureau of Labor Statistics
Federal Housing Administration
Snow and Rain Damage Foundation Settling Precautions
The article advises addressing soil settling around foundations after exterior repairs. It recommends filling sunken areas with fresh soil and grading away from the house, cleaning and painting foundation walls, removing debris and termite mud tunnels, and completing these steps before landscaping. Private lenders under the Property Improvement Plan may fund repairs up to $10,000.
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