SfEDFORD MATL TRIBUNE. MEDFORD, OREGON, SUNDAY, SEPTEIBEK 23, 1931.
PAGE THREEI
Jackson County Chamber of Commerce Opens Better Housing Campaign
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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