F H L A Loans On the Way for Housing Growth
Builders and contractors in Los Angeles met to discuss the liberalized F H A loan program aimed at easing veteran housing shortages. The plan envisions 15 000 to 25 000 new units in the area by 1947, with loans up to 25 years at 4 percent interest and up to 90 percent of the appraisal. Converting existing structures for more living space will be prioritized to save time and resources.
MENTIONED IN THIS ARTICLE
Los Angeles
F.H.A
F.H. A
G I Home Security Plan Offered by Allied Building Credits
Allied Building Credits Inc of St Paul announces the G I Home Security Plan to guarantee monthly mortgage payments for veterans under 55 who buy homes from allied builders. The plan covers principal interest taxes hazard insurance and other payments during the family adjustment period after the mortgagor’s death. The cost is a few cents monthly and is included in the home payment.
MENTIONED IN THIS ARTICLE
G.I
Allied Building Credits, Inc
St. Paul
W.A. King
Big Year For Construction Is Predicted
Architectural Forum forecasts a record building year with total outlays near $20.2 billion, up 26 percent from last year. Material shortages ease, potential oversupply in some goods, and rising costs could still curb activity. about 1.2 million dwelling units could start, signaling relief in the housing crisis.
MENTIONED IN THIS ARTICLE
Architectural Forum
Forum
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Darrel J. Turner
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