Twenty One Million Dollars Loaned To Home Buyers
Twenty one building and loan associations in 11 states loaned over a million dollars each to home buyers under the Federal Housing Administration program. Total insured mortgages exceed 30.4 million dollars with 3,637 new homes built, comprising 52 percent of structures aided.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Stewart McDonald
McDonalds
Savings, Building and Loan Associations
The
Housing Administration
New York
N. Y
West Side Federal
Newark
N. J
West End
Dayton
Ohio
Citizens Federal
Cleveland
Rochester
San Antonio
Texas
Tennessee Utility Board Allows Hydro Plan Over TVA Protest
Tennessee's public utilities commission ruled 2 to 1 for the Tennessee Electric Power Co to build a $2 million steam generating plant in a TVA surrounded area. Commissioner Jourolmon dissented, citing higher future rates, while Chairman Dunlap and Turner upheld cheaper steam generation versus TVA purchase or Columbia delivery about 60 miles away.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Tennessee
Public Utilities Commission
Tennessee Electric Power Company
TVA
Leon Jouromon, Jr
Porter Dunlap
W. H. Turner
Atlumbia
Jourolmon
Columbia
Companiwn
Jouroimen
Million Profit With Mortgage
Washington reports the Federal Housing Administration has accepted 219,995 mortgages for insurance totaling 889,474,777 dollars as of July 31. Private capital furnishes the mortgage money and 290,000 homes have been selected for appraisal, enough to house a city of over a million people at four persons per family.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Major Berna T. Bowers Posted to Fort Monroe
Army orders transfer Major Berna T. Bowers M C from Fort Bragg North Carolina to Fort Monroe Virginia. The move reflects standard unit reassignments within the Army.
MENTIONED IN THIS ARTICLE
Washington
Berna T. Bowers
M. C
Fort Bragg
N. C
Fort Monroe
Multiple Banks Report Large Federal Savings Totals Across Cities
A listing shows numerous banks and savings associations across the United States with large dollar totals in the mid to late 20th century. Cities include Cincinnati, New York, Los Angeles, Cleveland, Chicago, Philadelphia, Baltimore, and more, with amounts ranging from about 1.0 to 1.8 million dollars.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio
Eagle Savings and Loan
New York
N. Y
Los Angeles
Calif
Cleveland
Chicago
Ill
Jacksonville
Indianapolis
Ind
Railroadmen’s Federal
Chicago, Oll
Bell Savings, Building and Loan
Baltimore
MD. W
Baltimore Building Association
Mortgage Insurance Shows Large Increase in 1937
The Insured Mortgage System gains momentum in 1937 with FHA data showing a 57.4 percent rise in mortgages insured for homes under construction in the first half, while single and two family permits rose 41.9 percent. Building permits for 1.5 million cities reached 310 million dollars, and FHA accepted mortgages totaling 98.3 million dollars, with some months up as much as 127 percent year over year. The trend underscores the shift to low-interest amortized mortgages as a preferred method for buying or building homes, aided by construction inspections and risk valuation features.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Bureau of Labor Statistics
Federal Roastal Administration
Ness
Roosevelt to be escorted by NC delegation for Dare celebration
Three North Carolina lawmakers plan to accompany President Roosevelt to Roanoke Island North Carolina for the 350th anniversary of Virginia Dare births. Senator Reynolds Senator Bailey and Representative Warren will join the president and lead ceremonies with a Senate and House committee. They will travel by special train to Elizabeth City then coast guard boats to Manteo.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
Roosevelt
Roanoke Island
N. C
Virginia Dare
Robert R. Reynolds
Asheville
Josiah W. Bailey
Raleigh
Lindsay C. Warren
Washington, D. C
House
Elizabeth City
Coast Guard
Manteo
Permits Exceed Previous Week as Several Buildings Planned
Builders announced new permits this week boosting total construction costs beyond last week. Milton Silver plans a two story Chestnut street store apartment with ground floor business and upper family flats. Dc N McCain seeks a Rotary drive two story five room brick veneer home with $4680 cost plus $50 garage. Other permits include High Point Building and Loan roof work on Park street, Zeb Whillow four room residence on Oak avenue, and loan association repairs at English street. State College to open September 9 with projected enrollment over 2000 students.
MENTIONED IN THIS ARTICLE
Chestnut Street
Rotary Drive
Milton Silver
Florham Avenue
Dc. N. McCain
Westwood
Fairway Streets
High Point Perpetual Building and Loan Association
Park Street
Zeb Whillow
Oak Avenue
State Street
English Street
H. H. Sechrest
Hamilton Street
President to Speak at Fort Raleigh Pageant Broadcast
The president will address Fort Raleigh at 3 30 P M Wednesday. He will view The Lost Colony pageant by Paul Green about the 1587 English settlement on Roanoke Island. The pageant narrates a 140 person colony that vanished. Farley plans to attend. a 5 cent commemorative stamp goes on sale August 18 at Manteo post office.
MENTIONED IN THIS ARTICLE
Fort Raleigh
Paul Green
Washington
Farley
Manteo Post Office
Also Mentioned on This Page
Smith
Winne
TWA
Rose Furniture CO
South Main St
Per Ad “Houtf
Nadadl House
Martie
Marietta House
Marietta
Hardware Company
Congress
College Street
C. N. McCain
N. C. State College
Floor
Chambe
Rwoaks
Lucas
Emi Tits
Beeson Hardware Company
North Main Street
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