Indianapolis Times, Indianapolis, Marion County, 9 February 1946 — Page 6

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"hot sun . . . the most ideal lot has

trees already well grown.

Frontage—The better size lot 1s 100x100 feet, but an 80x100 feet

of locations

‘ where objectionable dirt, odors or

noise prevail.

Streets—If streets are unpaved, you may anticipate heavy assess-

ments when improvements are made

and in the meantime there's the dust and mud to consider. Investigate Utilities Public services—Check on garbage collections, street lighting, ade-

quate fire protection, gas,

elec-

tricity, sewage, water, transporta-

. if any are lacking the

value of your property will de-

preciate.

Stores, Churches, Schools—If they

Pre

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-|ing the inconveniences of such a

|| construction, inspections are made

blueprints are scrutinized, costs are checked, valuations are established . and any flaws in the proposal are Pligled fs to the planner in private ‘confultation. First there's the Architectural unit, supervised by Joseph F. Buerger. Here the blueprints are reviewed to see if they conform to minimum construction require-

ments. If the floor plan doesn’t offer the best design for the type and size of the house, alterations are suggested. “Peculiar” floor plans are vetoed, unless the builder insists on hazard-

layout. Cost estimation in this department protects the petitioner against unreasonable charges for materials. Even after the plans have been approved and the building is under

on the site to be sure that materials specified are used and construction plans generally are carried out. Site Is Rated Materials new on the market are approved or rejected in line with tests made in Washington, D. C. New methods of building also are rated. In the Valuation unit, headed by L. D. Aschoff, the site is rated.

Here are considered those points the average home buyer or builder may overlook—transportation facilities, schools, utilities. An important assignment is to determine if the style and investment in the house is in keeping with the type of neighborhood.

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Experts, Passing on Insured Loans, Give Builders Advice

A board of housing experts is on the alert here to guide prospective home owners in sound planning and financing. ; They're the men of the federal housing administration who “dissect” the specifications when a builder—individual or contractor—wants to finance the property under an insure home mortgage. In this “laboratory” at headquarters in the Guaranty building

Grades and fills necessary or existing are considered, for it's the unit’s job to see that each home is built upon-the most suitable lot. Check on Judgment The Mortgage Credit unit is a “safety valve” on the public's enthusiasm. Claude B. Brooks, chief, and his staff guard the individual against going too deeply in debt. Years of experience in sound financing are brought into play to determine if the borrower can meet his payments and still maintain a stable household. With the opinions of the other departments before. him, Don H. Anderson, chief underwriter, then compiles the recommendation which goes to R. Earl Peters, state director, for final action. Refinancing Aid It's Mr. Anderson's job to suggest the amount to be financed and the number of years the government will indorse the home financing loan through a private institution. The service isn't confined to new construction. Loans also are indorsed for re-financing or purchase of existing property. And the FHA's “laboratory” guides the borrower here, too. Veterans seeking to build under the priorities system have the services of these advisers also. For the veteran they determine whether the proposed sale price, or rental, bears reasonable relationship with the construction costs.

I. U. CENTER TO GIVE ‘COURSE IN HOUSING

Principles of urban real estate will be taught at the Indiana university extension center here next week. The course, added to the second semester calendar, will be directed by Dean Arthur M. Weimer of the school of buisness. The study will deal with postwar policies of private enterprises and government agencies operating in the housing field. Location factors also will be considered with special reference to the economic background of cities, city growth and structure, neighborhoods and districts, real estate market analy sis and principal sub-divisions of the real estate field.

DESIGN NEW HOME TO PROVIDE SAFETY

Is that new home you plan a

000 persons are killed in home accidents , , . and more than 130,000 persons are injured, some of them permanently. In the house plans see that the utmost is provided for safety in

| the stairs, upstairs windows, bath- | |room, kitchen, basement,

lighting installations.

are adequate lights, and that the appointments surrounding the

building provide proper “footing” safety.

DR. HARPER DENIES

from Indiana. Previously mentioned |

ination, he said he could do more | good by “bringing up young law

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students who know the score than by being a senator.”

“safe” home? Each year some 30,- |

Also see that there

as a likely candidate for the nom- |

one of the steps to help prospective home owners, R. Earl Peters, FHA state director, approves Claude B. Brooke, examiner, acts acme the stn to ely Left is George S. Brown. Taking notes is Miss Gertrude Dorn.

on mortgage credit,

MOST BUILDING IS IN TOP PRIGE RANGE

Construction of veterans’ homes for the top sales price bracket was national in scope during January, according to figures just released by the federal housing administration in Washington. Fifty-six per: cent of the applications for priorities under the veterans priorities system received in all the field offices of the FHA have been for sales of $7500 to $10,000. Rental was for $60 and above. Raymond M. Foley, national FHA commissioner, has urged FHA field offices to hold the accommodations for sale or rental to’ veterans below the $10,000 sales and $80’ rental maximum,

New Book Helps

Home Planners

Another how-to-do-it book for home builders is scheduled for release next Friday. Helen Koues, former director of Good Housekeeping studio, 1s author of the book which the Tudor Publishing Co. will release under title of “How to Choose, Plan and Build Your Own House.” It will have 352 photographs, plans and details by leading American. architects.

TRAFFIC DEATHS IN RISE AFTER V-J DAY

Col. Austin R. Killian, superintendent of the Indiana state police, said today that 394 persons of 860 who lost their lives on highways last year were killed in accidents in the four and a half months following the end of the war. He added that more than eight out of 10 fatalities were due to “negligent, irresponsible driving.”

Coming Events

Mass meeting, Indianapolis School for Home Planners, Feb, 11, Caleb Mills hall, 7:30 p. m. Indianapolis Retail Hardware Dealers’ association, meeting, Ber:

tram Hardware Co. 1714 W. Morris st, Feb. 13, 8 p. m.; speaker, J. Everett Bussart, representing California Spray-Chemical Corp. National Association of Real Estate board, Great Lakes region's day-long conference, Feb, 15, Hotel Lincoln. . First session, Indianapolis School for Home Planners, Feb. 18, Shoftridge high school, 7:30 p. m.; Feb. 20,-George: Washington, 7:30 p. m.; Feb. 26, Manual Training, 7:30 p. m.; Feb. 21, Technical, 7:30 p. m.; Feb. 27, Crispus Attucks, 7:30 p. m. Marion County Residential Builders, dinner-meeting, Feb. 19, 6:30 p. m., at place to be determined. Indianapolis Real Estate board will present Fulton Lewis Jr. in talk, “What's Happening in Washington,” Feb. 22, at Murat theater, 8 p. m.

YOUR SAVINGS

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We Have Been Serving INDIANAPOLIS Since 1887

HOLD ON TO YOUR WAR AND VICTORY BONDS

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URGE SUBSIDY

fh Se

“|=rhe butters

dwelling permits by the com- | were in the low price class; in Mar-

ai SATURDAY, FEB. 9,-1946 .

builders’ organization reports | permits ssued until Jan. 26° for these Sigures; bused on A Survéy of [construction ‘in: ndlanapalis, 2

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BANK DAY

Lincoln's Birthday, Tuesday, Feb. 12th

In accordance with the

issued by the Governor of Indiana declaring Lincoln's Birthday, 12th, a legal holiday, all In- : is Banks and Trust Companies will i closed on that date.

Februa dianapo

The Indianapolis Clearing House Association

roclamation

Tuesday,

Local Realtors Ba Back Plan of * National Grotip.

A federal subsidy payment to war veterans for purchase or rent of homes has heen indorsed by the Indianapolis Real Estate Board in line with a program of the National Association of Real Estate boards. Supporting the national plan, E.

|W. Springer, president of the local

board, had this to say: “Our veterans are returiiing to an advanced prive level . . . building costs have risen from 30 to 60 per cent and it is foolish to try to produce homes under that level by granting subsidies to producers or builders.” The national association suggested a subsidy of $500 to $1000 for any veteran who can show he needs it to acquire ‘decent living conditions.” The group wants a six-months “holiday” on buildings restrictions starting May 1. Profit would be limited to 10 to 12 per cent to prevent profiteering, under the association’s plan.

Low Cost Hous Housing Seen The Marion County Residential Builders says homes for veterans in the lower price bracket are in the offing and that building permits have been issued for many of these houses. This promise came from A, H, M. Graves, president of the group, after The Times last week pointed out that 67 per cent of the priorities issued at Federal Housing adminis-

county: Of a total of 36 dwelling category.

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A preview of

‘School for Hom . six weeks course

be given Monday at 7:30 p.m, In Returns on th published in Th Times indicate a enrollment ex ceeding predic tions of the spon sors. The classe open Feb, 18 i five local hig schools. The prin cipa speaker at th mass meetin, Monday will b Prof. Willlam H Scheick, head of

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