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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 13, 1935)
MEDFORD MAIL TRIBUTE, MEDFORD, OREGON", THURSDAY, JUNE 13. 1935. 7400 Communities to Start Construction New Homes on Saturday I Make Additional Room by Utilizing Attic PAGE SIX REPAIR and PAINT Your Home By the HOME LOAN PLAN And Use the Best Materials IN EFFORTS FOR EXCEED CREDIT, IS BETIERKING Special Exercises to Mark Day In Many Key Cities 250,000 Volunteer to Assure Success of Plan WASHINGTON, D. C May 18. new homes will begm simultaneously (6pl) A great masa comtructlon of In hundreds of conmunltlea all orer the country on Saturday, June 16. In celebration of National Better Hous ing Day. This announcement was made today by Stewart McDonald, acting federal housing administra tor. Special exercises In observance of National Better Housing Day art be ing planned for each of more than 7400 communities In which better housing committee chairmen have been appointed. In each community where ths local Committee Is functioning actively, plans are already under way for the construction of from one to twenty- five new model homes under direct sponsorship of the committee. Act ual construction on all these homes Is being scheduled to start at the same moment, as far as practicable for such a nationwide ground break lng. Success of this first celebration of National Better Housing Day Is vlr- tually assured with around 350.000 men and women actively engaged voluntarily In promoting the better housing program In their own com munities with the aid of the federal housing administration. In addition to local business, fl nanclal and Industrial leaders, nat tonal manufacturers are cooperating In the better housing program gen rally and In National Better Housing Day specifically. Mr. McDonald said, One company alone Is planning to tart construction of several hundred model homes In as many communi ties on June 10, In cooperation with local builders. Other concerns are planning to erect model homes of , their own, bearing the company's name. In many key cities. It was emphasized that these homes will not be erected merely for exhi bition purposes, but will be practi cal and livable, built to be sold to Individuals after the exhibition per iod la over. These new model homes are ex-1 pected to be financed under the 'mutual mortgage Insurance plan of the federal housing administration. No money Is advanced for con struction of these or any other houses by the federal housing administra tion, It was emphasised. Erection of each of the thousands of these new model homea Is being planned When carefully planned, many Interestm modernizations are possible In attic space. The above Bins, trations give an example how an unused attic may be converted into an attractive bedroom. Wallboard encloses the bare rafters in an effective wall and ceiling treatment. Built-in furniture may be included to advantage in this type of remodeling. The transformation of an attic provide the home with an extra bedroom, playroom, study, or whatever the owner wishes it to be. Insulation under the roof prevents much discomfort in Summer and makes the room adequate in Winter for all living purposes. Under the pro visions of the Federal Housing Administration's Modernization Credit Plan funds are easily obtainable through approved lending institutions for attic modernization. financed locally, under the sponsor ship of the voluntary memberships of the local better housing commit tee, with the administration Insur ing the mortgages. There are various ways In which the local committees are arranging for construction of their National Better Housing Day homes, It was atatrd. Some committees have lncor porated themselves so that they can qualify as borrowers and wilt build nd their own homes, to be sold later to Individuals. Many are arranging for leading contractors or builders to erect the homea under their sponsor ship. Others have accepted offers of local newspapers, radio stations, de partment stores and similar concerns. Insuring offices of the federal housing administration In every state are preparing to handle applications for insurance of the mortgages on these National Better Housing Day homes with the least possible delay. In order to allow construction to start promptly on June 15. LOANS ARE NOW AVAILABLE FOR BUILDING HOMES We Have Qualified as an Approved Mortgagee to Make Loans Under Title II, Federal Housing Act .. . Interest Approximately 6 Now von can build n home on a rental basis with up to IS inn to pay! Barn Installment Includes the patmcnt on principal, Interest, nne-tnemh part of nnntml laves, nnil mortgage. Insurance, fire, and othfr har.ard Insurance premiums. "Jnllm llit JtaJtr! a-- 'i Jr-Mrsm' i stiver si . w mat a a J J - .w i ii Make your Better Housing Budget go farther You'll stretch your better housing dollars to the limit if you paint your property with Bass-Hueter Mixed Paint. It outlasts other paints ... it wears smoothly and evenly ... its colors please to the end all good reasons why Bass-Huetcr Mixed Paint costs far less on the job. It adds to the value of property house, garage, fences, etc. Paint now for protection and beauty that lasts for years. BASS-HUETER MIXED PAINT Covers More Wears Better Lasts Longer REPAIR RE-BUILD Call on us for complete information concerning Federal Loans to improve your property. Ask about estimates on materials and labor. Remember you can pay out of income! "Builder's Bureau of Information" Porter Lumber Co. m S. FIR PHONE 124 We're Ready to Serve You We will gladly give complete Information and handle the details of VOIR loan . . . Till. I. n opportunity nrtl north our full ronslilrra-tlonl " I I 1 ederal Savings ANDLOAN ASSOCIATION 126 East Main St. Phone 193 Before you remodel investigate the New One Coat Interior Paint LUMINAL May be washed without injury Won't check, peel or rub off Non-inflammable, non-explosive Can be applied with either brush or spray Drys dust free in 40 minutes No siio or priming coat needed LET US HELP YOU SECURE AN EASY NHA LOAN Medford Lumber Co. V' 3F53ff 'ift;TW ' 'i Hwui-J rK EliJiJ jjjj stun jjQ? :A With ths modernization eredlt plsn of the Federal Housing Administra tion acting as a spear-head, property renovation and repair work in com- munltlrs all over1 the country la go ing forward at a rate far In excea of the volume Indicated In reportF i made to Washington headquarters by financial Institutions making Insured : loans for this purpose. Reasons for this are manifold. In the first place, lending agencies co- I operating with the Federal Govern-1 ment In this program are not re quired to report to Washington head quarters until 30 days after loans are consummated. This means that for-' mal reports to the Housing Admlnls-.i tratton reflect activity as of a month j before, while the current volume might be many times this amount. In addition, many banka and ! building and loan associations arc j making loans for modernization and ; repair that are not Insurable under j the Administration's credit plan. In the case of Washington, D. C, for example, lending agencies have made, uninsured loans totaling in amount 50 per cent more than Insured loans, according to reports from building and loan groups and other similar financial houses, covering the period since the Better Housing Campaign got under way in the capital. An other report from Boston shows that of $705,000 spent In repair work, only 8 per cent was borrowed money, the Daiance being cash. i Supplementing this, ready cash be- i ing expended for home repairs has in I some instances exceeded a ratio of ' $3 to (l as compared with borrowed : money, authentic reports to the Fed- ' eral Housing Administration show. Local business houses- give credit to the Better Housing Program for stimulating the interest of propeity owners in this activity. As one prop erty wner borrows funds under the Federal Housing Administration plan to modernize and repair, they point out, other householders in the neigh- Dornooa are urged to do the same- Best Prepared ... . ... . , $3.15 Gal. Golden West . , 2.25 Gal. Floorenamel 3.15 Gal. Universal Kalsomine, all colors . ,10c lb. BRUSHES Paint and Varnish Brushes 10c to $5.00 Kalsomine Brushes $1.25 to $12.50 Adjustable Window Screens 1 2 in. high by 33 in. wide : . 40c 18 in. high by 33 in. wide. . . 60c 18 in. high by 45 in. wide . ..... 75c LAMPORT'S 226 East Main " f ' Remodel-L $ Third and Fir. Phone 6'29 It doesn't pay to neglect interiors and exteriors in need of repair. . . . They will cost far more in the Ion? run if you put off needed repairs Why not improve NOW through a Federal Housing Loan? This loan also offers an opportunity to remodel your present home add much needed rooms beauVfy and modernize! Useful, modern conveniences can be added all that goes to making life more worth living 1 May We Serve You? n will he triad to a.Mle too In the details of muring a Federal Housing Loan. . . Your con tractor, painter, carpenter, plumber, cabinet maker and building material dealer will iMadlv furnish estimate on the cot of materials and labor for YOVR modernisation work. . . . Take advantage of this loan offer at onre! ine rirsr rNational liank A Departmentized Bank Commercial Savings Trust Department Safe Deposit Vaults SoundlifkW? Investment With Immrdlate monfy aval thle tor tou to rfmmlfl. pilnt nd modernise your hom., Ton irtll find it wl?e to apply at one for a Frdrral Houttngr, Loan Hfre Is h.T this Is a rood step to take Modrrntzntinn ot tour home will Inrrrast Its valuation and drlrahlltt.r should tou ell later. A more attrarthp home will do much to appearanre of the mm. munltT tn nhlrh toil Hie It Is a public spirited move: Greater comfort through mod ern conveniences are available to roa and jour family. Fmployment mil be stimulated here, tending to the general Im pairment of local condition?.
