Rural Dwellers Can Improve Homes and Barns
James A. Moffett, Federal Housing Administrator, says the National Housing Act benefits apply to farm and rural properties as well as city homes. The Modernization Program relies on farmer and small community cooperation, with a Farm Housing Survey showing many farms need repairs, new foundations, roofs, floors, and baths. Loans flow through banks, not direct federal grants. lenders insure losses up to 190 percent while keeping total losses within 20 percent of credit volume. Farmers with income from crops or livestock can time repayments to income.
MENTIONED IN THIS ARTICLE
James A. Moffett
Mr. Moffett
Department of Agriculture
Federal Housing Administration
United States
Group Projects for Neighborhood Renewal Under FHA
FHA notes group project ideas to rehabilitate whole blocks or row-house developments as part of the modernization provisions of the National Housing Act. Community committees, architects, builders, and bankers are urged to lead local drives, with FHA Public Relations ready to aid with publicity and materials. Cost reductions may come through blanket contracts with trades, and eye sore removal drives are encouraged to build public support.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
FHA
Modernization Loan Guidance From Lenders
Guidance explains annual payments to cover interest and reduce principal. Any approved bank, trust company, building and loan association, farm credit institution, or other lending agency holds the necessary information for a Modernization Loan applicant.
MENTIONED IN THIS ARTICLE
Building and Loan Association
Four Hints For Modernizers Improve home looks and efficiency
Four practical tips urge homeowners to upgrade features at low cost. Consider a new door for curb appeal, seal an attic to gain usable space and warmth, repurpose an oil burner area into a den or gathering spot, and replace or repaint blinds to match the home's motif. Each suggestion promises notable gains for modest expense.
Community improvement advice harmonizes block projects
FHA suggests property owners on the same block or in the same neighborhood plan their projects so that improvements harmonize and add greater attractiveness to the entire community where the work is done.
MENTIONED IN THIS ARTICLE
FHA
Urge Fall Plans For New Houses
Fall plans for new houses urged as a national housing program rolls out. The Federal Housing Administration urges homeowners to consult architects and builders this fall while the mortgage insurance and national mortgage associations provisions prepare to become operative next year. Buyers must provide at least 20 percent cash or land equity. New and existing home loans insured are capped at 16000 dollars and 80 percent of appraised value, amortized over up to 20 years.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Architects urged to accept nominal fees for FHA work
Ernest John Russell of the American Institute of Architects urges the profession to cooperate with the Federal Housing Administration Better Housing Program by accepting reasonable compensation. He says architects have an obligation to help rehabilitate the construction industry and assist distressed homeowners with impartial guidance on permanent value and wise spending. The item notes improvements like still or lawn faucets to ease watering chores around homes.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Better Housing
Ernest John Russell
American Institute of Architects
Russell
Architectural
Mr. Russell
Builders push modernization to spur housing recovery
N F Helmers of the Associated General Contractors of America argues that public cooperation with the government is essential for the Better Housing Program to revive capital goods industries and accelerate national recovery. He cites affordable materials, wage-scale labor, and easy modernization credit as keys to revitalize construction and employment. The group pledges full support to the Federal Housing Administration program.
MENTIONED IN THIS ARTICLE
N. F. Helmers
Associated General Contractors of America
Helmers
Federal Housing Administration
Associated General Contractors
Damp Cellars Improve Health and Value with Simple Proofing
Damp cellars stay damp because stone, cement, and brick walls are porous. Damp proofing offers an inexpensive fix by applying sheet copper or similar material to walls and floor using asphalt or pitch, improving health and increasing the home’s value.
Waterproofing wall wallpaper with lacquer coating
A coat of good lacquer on wall paper, even if washable, protects seams and renders the wall completely waterproof. The treatment is especially recommended for bathrooms and kitchens.
Also Mentioned on This Page
C. W. Barrel
Middle Ave
Hous
Elchotay
Uncle Sam
Nobbetter
Avery
Weyerhaeuser
The
Elyria Lumber & Coal Co
Chestnut Street
Crehore
Granite Concrete Block & Coal Co
Rush Street
Elyria, Ohio
Wm. G. Smith
Castle’s
Fall Wall Paper and Paint Sale
Castle
Glidden All
Reddy
Kilbourn
Cleveland
Toledo
Castle’s Wallpaper and Paint Store
Second Street
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