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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 16, 1940
Page
9
Builders urge planners to align designs with FHA minimum requirements to ensure eligibility for insured mortgages. Key standards include minimum room sizes from 60 to 220 square feet, 10 percent glass area, 4 percent openable windows, street access, storage space, and setback rules. One and two story homes have distinct living room and layout thresholds.
Unconfirmed reports say the South African air force scored direct hits on Italian barracks and buildings in two southern Ethiopian locations. In London, Sir Charles T. H. Wright bequeathed $40 to a waitress after 25 years of service.
A straightforward five room house emphasizes modest simplicity and practical features. The plan avoids excessive height and hole-like impression, includes a half basement housing the heating plant, and suggests a $3,000 valuation with a $2,700 FHA insured mortgage and about $16 monthly payments over 25 years, excluding taxes and insurance.
The Federal Housing Administration emphasizes neighborhood planning to curb blight in residential areas. A forthcoming booklet titled Successful Subdivisions outlines how careful land use, street and utility layout, design controls, and marketing programs bolster stability and profitability for developers, lenders, and buyers.
Raleigh report shows Lieut. Gov. W. P. Horton spent 9988.71 with 2340 in contributions in his Democratic gubernatorial nomination bid. Oscar G Barker reported 950 gifts and 1529 expenses for the Sixth District race. Kerr Scott, renominated agricultural commissioner, had 2250 gifts and 3628.92 expenses.
The National Government of Panama will assist in rebuilding the Colon area destroyed by April fire.
The National Bureau of Standards has developed equipment to measure air leakage through window and door clearances caused by wind pressure as part of a study on low cost housing. Excess leakage increases heating loads and weatherstripping or other fixes may be financed under FHA modernization credits.
California has the greatest number of automobiles at 2,773,688, reflecting its large population and vehicle market. The figure underscores the state’s prominence in auto ownership and transportation dynamics.
The postwar housing boom shows better lot width and topography, preserved trees and topsoil, and improved architectural quality. Builders credit FHA influence for higher quality homes and fewer future mortgage losses due to design defects and neighborhood factors.
Public benefits of Federal Housing Administration insured loans are highlighted by Administrator Stewart McDonald. He notes 2 8 million FHA insured loans reduced interest rates and expanded financing terms while 12 million people live in FHA aided dwellings. He adds broader protection for savings tied to FHA mortgages and national financial stability from the insured mortgage system. Tax collection aid emphasizes prompt real estate tax collection aided by FHA operations at local government level.
Mr McDonald cites FHA insured loans financing over 2.0 billion dollars in construction, repair, and modernization work creating millions of jobs directly or indirectly as a result.
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