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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 05, 1941
Page
7
FHA officials outline three sources for good house plans. Employing an architect can cut costs and tailor space to family needs by using new materials and methods. If not feasible, stock plans from builders, dealers, or magazines offer practical alternatives.
FHA officials announce a revised Modern Design bulletin stressing economy and usefulness in small houses. Designs aim for compact plans with dual purpose rooms, integrated plumbing and electrical systems, and attached garages replacing detached structures to fit practical living.
Economists cite a rule that home cost should be about 2.5 times annual income. A 1939 THA loan case shows a $4 250 property valued for a family earning roughly $2,000, with an FHA insured mortgage of $3,400 and about $20 monthly payments excluding taxes.
The article stresses roofs as a key home defect affecting appearance and durability. It urges prompt repairs, notes metal roofs should be checked for rust and peeling paint while shingle roofs need loose or worn shingles secured or replaced. Small leaks can rapidly worsen if ignored.
Federal Housing Administrator Abner H. Ferguson asked Congress to extend the National Housing Act provisions for three years. He urged boosting Title I modernization loan limits to 5000 and repayment to five years, increasing Title II construction loan limits to 3000, and raising Title III mortgage insurance to 5 billion dollars. Ferguson noted modernization loans now self funding at about five million annually and emphasized the need to modernize aging homes that could become multi family dwellings.
Furnace cracks are a source of fuel waste and should be speedily detected and repaired to conserve energy and reduce costs.
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