Building agreement should include workmen protection
The builder should require the contractor to assume claims under Workmen's Compensation Acts and similar protections. This does not bar the builder from maintaining insurance to cover liability.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 31, 1940
Page
9
The builder should require the contractor to assume claims under Workmen's Compensation Acts and similar protections. This does not bar the builder from maintaining insurance to cover liability.
A Kansas City man, Orrin R. Shelton, paid for his rented home at 3411 East Fourteenth Street three times over twenty-five years yet remains a renter. The piece notes rising rents, FHA loan examples, and argues ownership through long-term financing is possible, urging homeowners to buy.
Built in window seats bookcases closets and storage cabinets plus beds desks and tables have grown popular. Architects must plan how many built ins to include in FHA insured homes and for future additions. Funding may come from qualified lenders under a Credit Plan.
FHA officials urge proper drainage under concrete floors and porch slabs and around wall footings and foundation walls. Small homes with no basements should maintain well drained under floor spaces to keep a dry condition.
Redwine Hardware Company announces John Payne joining its sales department. Payne, a veteran hardware man from Trinity, brings years of experience to advise and satisfy customers.
FHA officials stress ample storage as a necessity in any home. Closets in bedrooms and a hall linen closet are not enough. families must store clothing, trunks, toys, sports equipment, furniture, china, winter clothes, utensils, tools, and more.
The FHA reports progress in refining risk measurement for home construction loans. Officials say methods are continually improved to analyze risk more accurately, breaking risk into components. Two classes of risk exist, with 26 elements influencing each transaction’s loan approval, terms, and conditions. The main factors include the borrower, the property, and the mortgage note relationships.
Bankers say FHA mortgage insurance is essential for solving housing needs on a profitable basis. Replies nationwide praise FHA for aiding modest income home ownership and sustaining uninterrupted growth in home building since the National Housing Act. Some bankers caution financing under FHA hinges on private capital. A Missouri banker and a Pennsylvania bank echo belief that private capital can solve housing with FHA commitments. Two Cubans have invented a lifeboat for submarines.
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