Public confidence rises as FHA expands home financing at World's Fair
Federal Housing Administration head Stewart McDonald opened the 1940 World’s Fair season noting public confidence in home ownership rebounds under FHA standards for sound construction. He cited a tenfold rise in residential building since 1933 34 and highlighted displays featuring low cost small homes aimed at the broad FHA market of families earning 1000 to 2500 dollars annually.
MENTIONED IN THIS ARTICLE
FHA
Stewart McDonald
McDonald
North Dakota
Wee
Federal Housing Administration
Improved Appearance Increased Value Under FHA Plan
The speaker cited FHA as the turning point for value and appearance noting the World’s Fair houses priced at 2500 dollars and 83100 dollars. Replicas of new colonial homes in Long Island communities are sold under the FHA plan.
MENTIONED IN THIS ARTICLE
High Point
Long Island
FHA Aids City In Alleviating Home Shortage
In Moline Illinois a 35,600 population city combats a severe housing shortage through an FHA insured mortgage driven program. The Moline Housing Corporation built 25 low priced homes in 1937 and 19 in 1938, expanding to 26 in 1939, with plans to reach 100 by year end 1940, aided by local business leaders and an operative builder program.
MENTIONED IN THIS ARTICLE
C. C. Lydick
Moline Association of Commerce
Federal Housing Administration
Moline
Ill
Lydick
Moline Housing Corporation
FHA Homes On Display At World’s Fair Contest
Mr McDonald explains two model houses priced at 2500 and 3500 dollars under FHA plans. The 2500 dollar home offers four rooms and a bath with down payments of 150 or 300 dollars and monthly costs about 25 or 18 dollars for 15 or 25 years. The 3500 dollar home has five rooms and a 400 dollar down payment with payments slightly over 20 dollars monthly for 25 years. These World’s Fair houses will be lived in by winners of the typical American family contests run by 48 newspapers nationwide.
MENTIONED IN THIS ARTICLE
McDonald
United States
M Donald Sees Progress Made In Housing Aim
Administrator Stewart McDonald reports 1939 marked progress toward National Housing Act goals with $960 million in mortgage insurance written, nearly 12 million people aided, and continued moves to expand low cost housing through FHA and RFC cooperation.
MENTIONED IN THIS ARTICLE
M Donald
Stewart McDonald
FHA
Farm and Home Week Highlighted as Educational Vacation
The article notes a plan to boost secure, marketable investments and to prevent home financing collapses seen in the 1930s. It mentions Farm and Home Week at State College from July 29 to August 2, titled The Farmer's and Farm Woman's Educational Vacation, emphasizing education for both farm men and women.
MENTIONED IN THIS ARTICLE
State College
Bristol County Rhode Island Slightly Larger Than Manhattan
Bristol County in Rhode Island measures just a bit larger than New York County on Manhattan Island in comparative size context.
MENTIONED IN THIS ARTICLE
Bristol County
R. I
New York County
Manhattan Island
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