Indianapolis Times, Indianapolis, Marion County, 5 January 1940 — Page 13

FRIDAY, JAN. 5, 1940

"CHANGES IN FHA | MAY TOUCH OFF BUILDING SPURT

Vets Expects 20 Million To Be Spent on Small Homes in 1940.

By DAVID MARSHALL

Twenty million dollars worth of small homes may be built by lowincome families in Indiana this year] : because of new provisions of the] Federal Housing Act which went| : info effect this week. This was predicted today by R. Earl Peters, FHA state director, as he announced that hereafter mortgages insured under the recently enacted Class 3, Title I program can be sold at any time to the RFC Mortgage Co. f “Class 3 mortgages now canbe sold at any time by lending institutions to the RFC Mortgage Co. for full face value,” he said. “This change means that unlimited mortgage funds now are available. WithIn {wo weeks we expect $250,000 a week to be borrowed in Indiana.”

Just a Start

“That will just be the start. Within a month or two between one and one-half and two million dollars a month will be insured by FHA. This will mean $20,000,000 should be spent in Indiana this year.”

Finnish woman,

Bomb Victim

SD.

Finland,

Times-NEA Radio-photo. A child victim of Russian air raid on Rovaniemi, .carried through the snow by a

I- H GRAIN SHOW TO CLOSE TODAY

1 Judging Team to Be Chasen; Winners Are Named; Pence Is Judge.

Wife; 74.

C. par John

The Marion County 4-H Club grain judging team was to be chosen today as the first annual county grain show closed at Ben Davis High School. ‘A farm management school was conducted throughout the day by |mrs, J. C. Bottum of the Purdue University Farm Management Department. Speakers included Mr. Bottum, Hoyt Moore, Marion County soil conservation demonstrator, and Howard Mills, Maplehurst Dairy manager.

M M Mr.

EVAN! 81. Lee,

ger, John,

Yesterday Lowell Holzhousen of Warren Township was crowned class : | champion among 4-H Club boys ex- : | hibiting and H. J. Pierson of De- ¢ | catur Township was named open i | class champion. There were 59 entries by 25 exhibitors. Other first-prize winners in the 4-H Club class were: Howard Record, Wayne Township, best single ear of white corn; Earl | Redick, Wayne Township, best single ear of yellow corn; Robert Dillion, Decatur |’ Township, best 10 ears white corn, and Lowell Holzhousen, Warren Township, best 10 ears of yellow corn. ; Other Winners Named

Mrs.

ards, ers.

Mrs. is

“Heretofore there was no secondary market provided to which Class 3, Title I mortgages could be sold, so this change will result in an unprecedented building spurt in the low-income field—just where it is most needed.” The Class 3 program makes it possible for families with an annual income of from $900 to $1500 to build their own homes and pay for them in monthly installments ho greater than their present rent. Under the program $2500 may be borrowed up to 15 years and six

months at 4!2 per cent interest Board

Juvenile Court Below Budget

Juvenile Court thinks it holds some sort of a record this year. At the beginning of the new year, 11 per cent of the 1939 appropriation remained unspent. The Court turned back to the County the remaining $453 and was congratulated by the State Tax

and brot

Winners in the open class, which includes men and boys, were:

best single ear of white corn; R. J. Pierson, Decatur Township, best single ear of yellow corn; Mr. Hardin, best 10 ears of white corn; J. A. Pierson, best 10 ears of yellow corn; Mr. Hardin, best peck of| shelled white corn; Russell Hutchinson and William Schilling, both of Franklin Township, best peck of yellow|n shelled corn, best peck of black |S soy beans angl best peck of oats. J. H. Pierson, best peck of) colored soy beans; Oscar Blank, Wayne Township, best peck of wheat, and

Surv

I'S.

and

Fred

plus a service charge of 3 per cent.

Paul Moffett, Pike Township, best

ATWOOD—Amos Thomas, 53.

BROWN

brother, wisch, Anna

BUFFALO Survivor:

Survivors: Hopper Devine and Mrs. ‘Cecil Jones. - DONALDS 78. Survivors: Son, John: daughters, Mrs.

Mrs. James,

ELKHART—Mrs. Addie Kru vivors: Husband Robert; hers, Mrs. Nellie raves,

Mrs. Two Champions Chosen Sisters, Mis Mary Pardue and Mrs. Emma

Hargra Charic Kinsley, 71.

Mrs. Henrietta Bays, 56, Survivors: Husband, N. A.;

stepsons, stepdaughters,

brothers,

am, Campbell; sisters, Mrs. Polly Nichols, Mrs. Lee Martin and Mrs. anna : Bays .

HAMM vivors: Wife, Al Clarence Brandow, 54. Minnie: son, Wayne Sibhons: sister, Mrs.

Joseph Hardin, Wayne Township, | KOK

Sons, son.

LA ors: Mrs.

Catiwall, Mrs.

Howard Griffin;

MOSCOW—John Ficklin, 89. Daughters,

Verne Ficklin; brothers, MOUNT VERNON—MTIs. Blizabsih Voll-

This is the other change announced by Mr. Peters. The rate formerly was at a 3%; per cent annual discount. The borrower must|; have a 5 per cent equity in land or cash before he is eligible for a loan and all of the $2500 must be spent on the house. Loan Barrier Removed “The RFC Mortgage Co. will purchase the loans at par and, upon execution of a contract to purchase the loan, a fee of one half of 1 per cent of the loan will be charged,” Mr. Peters stated. “Originators and sellers of the mortgages will be required to service them and may retain the service fee of one-half of 1 per cent paid by the mortgagor and, in addition, will be allowed another onehalf of 1 per cent.” Lending agencies have been slow in lending funds since they were not insured 100 per: cent against loss under Class 3 as they are under other FHA programs, he stated. . Until yesterday lending institutions were insured under Class 3, Title I, against loss only'up to 10 per cent of the total volume of all loans made in any of the programs ‘under Title I, Mr. Peters said.

consistent with sound operation, Mr. Peters pointed out. Heretofore, the FHA-insured home had to be built in particular areas close to transportation, schools and churches. Construction had to be modern in every detail. Neighborhood trends were studied to be sure that the area was not on the downgrade. Thirty-nine separate factors were considered in determining the eligibility of a home mortgage for FHA insurance. Under the new program, as under the regular programs still in force, the quality of workmanship and materials must be the best, but the FHA does not require as much to be done as under the regular programs. The. small homes need not have central heating. Plumbing facilities required in the regular programs are not mandatory in the new proam. The location of the home in relation to churches, schools, transportation and economic area is not of primary importance. Mr. Peters expects the homes will be built where. land prices are relatively -low and very :pessibly in those marginal ‘areas near large cities which provide workers with

peck of clover seed. M. O. Pence, Purdue chief crops|{m specialist, was the judge. °

LT TT

mer,

Wi Mrs.

Fdward; daughter,

THE INDIANA

STATE DEATHS

Survivors: three sons.

STOWN—Mrs. Emma Clasbaker, Survivors: = Sons, Albert and Alex; Peters; sisters, Mrs. Ida Brack. hits Louise Stuckwisch and M

= Mrs. Minerva Gerard, 86. ‘Brother, Lorenza Hildebran. UMET : CITY—Mrs, hine 14ol49. ~ Survivors: Husband. Andrew William and - Molnar, sn Taylor: daughter. Phyllis: brother. ¥Y—Mrs. Alice A. Jones, Son, Burton: dE a

DSON—Mrs. Martha Vanpherson,

Himes, Mrs. Edith Seibert,

ar yrile Hedington, Mrs. Beatrice 'Goldren 5. Mi y

ary 1, Mrs. Nettie Keller an Florence Munn; brothers, Meris, Andrew and Cleveland big vi

sSur-

Mrs. Blanche Wilhelm Barkowski; son, Earl Bowen; Annie

Friiue, William fig sister, Mrs.

® = SVILE Ms Katherine Groben, Survivors: Sons, Edmund, J h John, Henry and Clemens; ‘da:

Mrs. Lena Hitch; sisters, Mrs. (Dora

Mrs. Tillie Brinkman, Mrs, Louisa

oMlinet and Mrs. Clara Helfert; brothers,

, Henry and Jacob Salzman

Dora Thompson, 75. Survivors:

Survivor: Brother,

son, James Boulds; daughters, Taft B. Willet and Mrs. Lena Drake; Raymond, Victor and ‘Harvey; Mrs. Hazel Kramer, Mrs. Harves; James and Charles

—John Evan Survivors:

GOSHEN: Wife, Carrie; dau Hien Miro ‘Ernest Bion.

Mrs. Fre Coppes, Mrs.

Schrock and Mrs. George Arbaugh; broth-

Charles and George Evans. OND—Thomas J. Quinn, 82. Surnna; five so Su Devivors: Wife, Emma Brussells. ” 8 »

TANA HARBOR--Mrs. Agatha Nor-

IND bertowicz, 53. Survivors: Husband, Michael;

Michael and tthew Norbertowicz, Stanley, Edward and Walter Czapla; , Mary _ and Bernice ©zapla; er, Michael Furman,

OMO—John Smith, 72. Survivors: Edgar, George and Charles; step-

PORTE—Joseph OTs 68. Survivsl Mrs. Katherine Jessup and C. Merrill; A ohass, Clem and

John Forres. LOGANSPORT — Raymond Bailey,

nls Survivors:

ivors: Father, Harry; brother,

sisters.

MARION—Walter Todd, 53. Mis. Ola; daughters, Mis, Weldon Lane,

Fred Pin Mrs. Robert Mrs. Olla and Mrs.

Virgil

erto and Ervin} ; Sisters, as Br yant i s, John,

ey; son,

Henry.

Survivors: Norman Apple and Mrs. James, Jarrett and Lafe and llenry.

Mrs.

Wiley; sons,

75. Survivors: Husband, Fred; son,

Miss ED ros Voll3. . Sister,

lliam Travis, Survivor:

Ida Clements.

and | siste

MUNCIE—Mts. Ethel Gilbert.. Survivors: Husband, Cheque dau hier. Mrs. Oren F. 3rown; 8, Ls Mis. Alnora Sm ith, Cinders Smith, Ss. Indiamore ds and Mrs. Elpha.

NEW CASTLE—Mrs, Winifred & Hosea, 90.| Survivors: Daughters, Mary ‘and ss. | Matgare: Hosed; sons, Thomas, James and

5 CRiH VERNON—Mrs. Elizabeth Lett,

NS VILLE dosenh Thompson » er, Ts.

WE Survivors: Wife, Atlanta; dau Golda: Montgomery. ;

be TI ig 8. Thomas, 71. Survivors: Wile Maggie; daughters, Mrs. Etta Mrs. Helen Schaefer; step"Mrs. ollie McCleary; stepson, e: sister, Mrs. Jennie Teach; prother, Cicero Thomas,

gy ENCETON M13, Hattte B Thacker Survivors: Sons, -Frank. Charles and 3 daughter, Mrs. Paul res) brothers, Joseph, William and Booker Harris; . Mrs, Fannie Davis. RUSHVILLE — Richard d Abernathy, 66 Survivors: Fite: daughte aur Detrinko; sisters, Mrs. argaret Coy, Mrs. Kate Switzer, Misses Grace and Ada 'Abernathy; ‘brothers, John, Leo and Harry Apeth ays

Survivors: :

PAUL—James S. Townsend, 82. 8urSs O—Mrs. Margaret Smiley, 70. Survivors: Husband, Delbert; sister, brother. Survivors: Sister, Mrs. Ollie McCarty; brothers, William and Fred Jenkins. Survivors: Wife, Bleabothe Robert Lisk; brothers, ian Anna Lipkie and Mrs. Kiefer, WAP ASH—Harvey Smith, 70. wi Le LACE—Mrs. Lola Moffitt, 60. SurBL Husband, Tom; Shree children; WARSAW-—Miss Alwida Rusher, 84. Survivor: Sister. Mrs Maude McCullough. Survivors: Husband, Luther: nine Salidren WINAMAC—Henry T. Coin Edna Nims, Mrs Elsie Zellers and Elmer Murphy: son, John Conn. In a recent advertisement we advertised Men's should have been described as flannel and visatisfied patron to return same for refund.

va Sister, Sarah Bailey SHELBYVILLE—Miss Gussie Jenkins, 71. SOUTH oseph El f BEND~Frank “fase e. i To Kiefer; sisters, Mrs. Martha’ three children. brothers, Harry and John we, WESTPORT — Mrs, Bernice Hitchel 86. Surv ors: Daughters. Mrs. Fannie ‘Chiiger, Mrs. Vicuna Robes. These cuna. We invite any disH. P. WASSON

[BRUGE ROBISON POST TI HONOR OFFICERS

American. Legion will make its annual presentation of merit awards to members of the Fire and Police Departments and to one officer of the State Police at a dinner at 6:30 p. m. Monday at the Central Christian: Church. . The presentation of a medal to a State policeman will be the first time & member of that agency has been honored. All previous awards have been restricted to the Indian- | apolis Police and Fire Departments. One fireman and one policeman will be given a medal in recognition

‘Bruce P. Robison Post 133 of the

of some outstanding service during the past year and two other members of each department will be given citations for. meritorious service. - Isadore Levine of La Porte, national American Legion executive commitfeeman from Indiana, will be the principal speaker. Will H. Brown, general chairman of the affair, will serve as toastmaster, and Paul Gary, a past post commander, will present the awards.

ANGRY MAYOR BUYS PLANE

tainment this winter,

iz PAGE 13 \LOTS OF ENTERTAINMENT

MONTREAL, Jan, 5. (U. P,).—All work and’ no play even makes a soldier dull, so the army, in Montreal, at least, is getting plenty of enter

Arrangements through the War-

Time Service Co-ordinating Council have been made with theaters and arenas and other places of entertainment so that the men, in small groups, will be admitted free.

NELSONVILLE, O., Jan. 5 (U. P.). CHILD: S

—WPA workmen have been trying to repair the road which leads from his farm to the office of Dr. C. G. Dew, mayor of Nelsonville. Five times they had graded it preparatory to paving and five times rains had destroyed the grade. Mayor Dew, provoked, bought an airplane, :

Relieve misery

COLDS

—without Sey diresr . Use swift-acting

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a SUITS and OVERCOATS S

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