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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 23, 1934)
SfEDFORD MATL TRIBUNE. MEDFORD, OREGON, SUNDAY, SEPTEIBEK 23, 1931. PAGE THREEI Jackson County Chamber of Commerce Opens Better Housing Campaign IllllS y mmJmJ -""V. J? mill iiiiiiiim mini i in. m i i "-gHmmmmmtmmmum,mi" "'-- SraH ihimihgspot Answers to Questions On New Federal Home Modernization Program 1 what Is the Housing Administra tion Program? Government :d to modernize nd repair homes, to stimulate building trades and heavy industries to loosen private capital. 2 now Will It Operate? By modernizing 16,500.000 homes and buildings no in need of repair. Trill give work, aid steel, lumber, hard ware, cement, oopper. brick, machin ery and other Industries. Later, through mortgages, will enable private capital to make insured loans lor new construction and refinance existing mortgages. 5 Who la Eligible for Loan? "Any property owner. Individual, partnership, or corporation with a regular income from salary, commis sions, buslnrsa or other assured source. Loans will be made largely en "character" basis without co makers or Indorse rs. 4 How Much Can Be Borrowed? From $100 to 2,000, depending on the income. Where Can the Money Be Bor rowed? From any National, State, or In dustrial Bank. Trust or Finance Com panies approved by the Housing Ad ministration. 6 What Kind of Property Is Eligible for Loans? One and two-family residences, apartment buildings, stores, office buildings, factories, warehouses and farm buildings. 7 what Security Is Necessary? Income of the signers of note must be five times the annual payments. Mortgages, If any, must be in good order and no past due liens. Assur ance must be given that money will be used only for improvements. Good community reputation Is necessary. 8 Is a Mortgage Necessary? No, only the promissory note. In surance by the government provided in the Housing Bill makes them un necessary. 9 What Signatures are Necessary? Only that of the property owner, and wife or husband, If married, ex cept In special oases. 10 How Long Can Be Taken to Ite- na?? Prom one to three years. (Three to five year notes may be made with special arrangements.) 11 How Are payments to Be Made? Regular monthly (or seasonal pay ments. Prepayments, and more than required payments can be made. 1? Where? At the place of business with whom the loan has been made, NOT to any government office. 13 Who Governs Loans? The local Institution. The loans are primarily local with private cap ltal. The government only acts as an agent to pretect the banks against loss. 14 What Does This Credit Cost? Interest and (or) discount may not bo more than 5 per year per $100. 15 Can Present Mortgages Be Itcfl no need? Yes, Administration expects to be ready on this phase by October 1 at latest. IB Will Labor Benefit? Direct and Indirect benefit to 3,- 000,000 wage earners is expected to be felt soon, not only In actual re pair and construction, but In allied Industries. Act has been hopefully called "Big Bertha of Recovery." When altering or remodeling, give the architect an abundance ot lee way. He is an expert. He can see what the layman cannot see. He can make practical suggestions, and he can save you money. He can suggest small, ln expensive changes you may not have thought of, but which will mean much to you. Give the architect a general idea of what you want, but let him develop It. He can visualize the finished product as only one so trained can see It. Wells 300 to 700 feet deep are be lng bored In the Hart mountain game preserve In Oregon to provide water for antelope, other game and stock. If your roof In getting weak and leaky . . . It'i a fine Invitation to a storm 1 How about ordering Shingles or other Roofing from Porter's? You should prepare for win tor now while the weather is nice. CALL on US! WE HAVE AN EXCELLENT 8T0CK OF Cedar Shingles Composition Shingles Pine Shingles Shakes Roll Roofing Free estimates on material and labor. "Builder's Bureau of Information" Porter Lumber Co. WILL BE RESULT OF More Comfortable Homes, Better Buildings, Improv ed Living Standards All To Come From Program. Thousands of idle men put to wori this fall millions of dollars put Into circulationmore comfortable, more beautiful and more valuable homes for Americans a higher morale and a better standard of living- These are among things which the Federal Housing Administration hopes to ac complish through the Modernization Plan. It is a plan designed to stlmu late more than 500 related Industries that have remained Inactive while practically all other trades, industries and businesses are on their wey to recovery. Rates Are Reasonable The Better Housing Program, the nrst step of the Federal Housing Ad ministration to be offered to the pub- lie, enables owners of homes and other buildings to have needed repairs and desired alterations and improve hienta made on an attractive loan basis. The loans are obtainable from local financial Institutions authorized by the government to advance the money; and no security la necessary exoept good faith and proof that the I borrower's Income can take care of subsequent payments. Property own- j era have the advantage of reasonable rates of credit without any extreme and recurring renewal fees. Thin re payment plan Is one of the easiest ever evolved for this type of loan. The centering of this plan around building trades Is expected to bring this vastly Important group of In dustries out of the doldrums in which It has languished for the past five years or more. It has been estimated that there are around 16,500.000 buildings In the United States need ing repairs; that there Is a shortage of from 750,000 to 1,500,000 homes; and that there are 6,000,000 homes in this country that lack the common and essential convenience of a bath room. This condition is due to an appalling recession of building during recent years. Effects Far-Keachng As the building Industries recov er, more carpenters, plumbers, paint ers and other tradesmen must go to work to take care of the new activity. More men must go to work to help manufacture the building materials that will be In demand for Improve' ment projects. More men must go to work on the railroads, to help ship the supplies. And subsequently, more men must go to work in other trades. Industries and businesses to take care of the Increased buying power of the workers directly affected by the plan Measuring for Glass In measuring the glazing area of a window for new gIa.-, it la best to take the measurements from the outside. The dimensions must Include not only the size of the actual open ing to be glazed, but also the little ledges against which the glaae will rest. A rigid measuring rule or a stel tape la more preferable to a string, as the latter may stretch. Cooperating with THE FEDERAL HOUSING ADMINISTRATION Medford National Bank will make loans from $100 to $2,000 FOR ONE TO THREE YEARS FOR THE IMPROVEMENT OF HOME AND BUSINESS PROPERTY No comnkcrj, no mortgages, no collateral, aod no fees are required on such lonns. The United States Government, through the Federal Hom ing Administration, guarantees a sufficient part of your property improvement loan to eimlde us to waive these re ouirnments. I.nani will h itml to Improte ltn-fml1 dwrlllnn, mnlllpl. family (lurilfnir., ipnrlmrnt tiou, rnrm bullrtln?., gnrnitM, offlre " building, storm, f.ctnrl.i, nnrrhuiisrn, mid other biihlnc property. Any property owner of good credit stand ing Is eligible. It is not necessary that you be an established customer of this bank. !N F: H. A. SET-UP Although the credit channel open ed up by the provisions of the Na tional Housing Act are expected to be utilized mostly by home owners, the benefits of this all-Important piece of legislation are by no means restricted to this class of borrowers. The same sources that supply the funds for Improving houses are ready to make advances to owners of in dustrial, commercial and other busi ness properties up to t2.000, of course for needed renovation and modernization. Industrial and commercial leaders are quick to concede that a well main tained store, apartment house,, garage Or factorv lS one of th fnnnrintlnn. pieces of a successful, paying bual- ed by the use of cerise fixtures, 4 black floor, yellow walls with orange trim, and a gray celling. The best time to give the old batik room a new color treatment, or feQ add a new one of beauty and dis tinction, is right now, when the Fed eral Housing Administration Is en abllng homeowners to borrow money; for home improvement from local fin anclal Institutions at unusually at tractive terms. neat. New clients and customers ere attracted by convenient, sanitary iur- rounainga, and by the same token, old ones are retained. Owners of business properties who undertake Improvements at this time will find themselves able to repair and modernize at prices which, although on the rise, are still many peroentego points below the level of normal years. A glimpse Into the buLldlng supply and equipment field will disclose, also, important and far-reaching Innova tions m the realm of property main tenance. The keen competition that developed in the construction trades as a consequence of declining activity during the era or economic stress has been productive of advances in de sign and utilitarianism that the al most revolutionary in character. Door Cleaners Couvenlent How much more comfortable and convenient many homes would be with door closers! These small Items of utility are almost universal In offices, schools, stores and elsewhere. In the home, they would Insure re lief from slamming doors, save heat lost through doors carelessly left open, and prevent Injurious drafts and disagreeable kitchen odors. The marketing of modern plumb' lng fixtures In colors has made It possible for the bathroom to be re lieved from purpose of mere util ity, and transformed Into the most Interesting room of the house. So varied are the shades obtainable that schemes which express one's Indi viduality can be evolved with eas" in the moderate priced residence as well as the more pretentious home. Simplicity s the main requirement of an attractive bathroom. It can be achieved by starting with the fix tures, whose color will dominate the scheme and determine the tone of the room. Flooring, wall finish and drapes can then be chosen to har monise: and a highly attractive bath room will result with a little care and forethought. A bath of dignity can be achieved with black fixtures, a black and green floor, light green and yellow walls, and a touch of brightness In the drapes. Ceilings, as in all cases should be a light and subdued shade, such as buff, cream or gray. Ideal for a sunny room Is a bath with royal blue fixtures, a dark green floor, light green walls and salmon pink drapes. Pale brown fixtures, a medium blue floor, pale orchid walls and drapes of light green will Impart cheer to dark room. A dainty bath Is achieved through the use of peach fixtures, a dark green floor, and walls with pale yel low and green predominating. Doth cool and dainty la the bath with pale blue fixtures, a medium blue floor, and walla of white piaster and gray marble paneling. A luxurious bath worthy of the most magnificent domicile is attain- OREGON COULD AND SHOULD Hear the sound Of the Hammer And the Saw. Was the Great Editor Right or wrong When he called Oregon- Fool of the Family?' We need not be Fool Of the Forty-eight. We can, by Wisdom and Fairness, Coax Capital and Enterprise To make more here Of what we use here. Care for Capital. Don't1 Kill Capital. Stop Driving it Away. Keep Money Moving Here. Care for Capital and Capital will Care for You. Farmers & Fruitgrowers Bank (Deposits Insured) SERVICE We are offering to you at this time a most complete building service including the following Assistance In Securing Loans Under the Terms of The National Housing Act Home Owners Loan Corp. Federal Bldg. & Loan Ass'n's Complete information and application blanks available for the above upon request at our of fice. ... A representative will call daytime or evenings and assist in the preparation of PLANS and ESTIMATES of COST Avail Yourself of This Opportunity to Repair and Remodel Timber Pk rs Company phone 7 End North Central "A Good Firm to Trade With" Medford National Bank S. Fir Street. Phone 124
