The Daily Banner, Greencastle, Putnam County, 2 September 1939 — Page 3
THE DAILY BANNER, GREENCASTLE. INDIANA, SATURDAY, SEPTEMBER 1939.
HOME COMES eirse Build ♦ Repair ♦ Remodel ♦ NOW!
Sod
ing Going On Over County
f. if.
.IKS, NEW HOMES, PAINTp <G, ALL MARKS PRO-
GRESS
n\h
vn near Belle Union William jE: i »tt is repairing his home and 1 te. ihin<f the entire downstairs ion * ^hardwood. wallboard. etc. ajr.r-.lit is finished it will be one of ost modern homes in that looal-
E: Se, J at i| cia: , Sayert j
the Harbld Slbhitt farm a new is being built. This farm is
Wildwood.
•r at Stilesville the Owl Resat is doing some remodeling so E: N»i make it one of the best resse : : nts in the county. Besides re1 a: | ng and fixing up there will be ters-- ii new additions as new coun-
. Phon etc.
^—‘ Ham Goldsberry, teacher at the 1 Or I high schools, is doing some ^ on his farm before school i. At the present time the call for a concrete watering h, new fence posts, and a genmi Dverhauling. ert ■ d Harrold has started work on annt. todem five room and hath \i on the Indianapolis Road about e east of here. This will be a T - iddition to the Han-old farm to i ^ias received many additions •w young Harrold bought the md , The farm is just north of hnr owned by his father.
T: - m ■ H MORTAR BEFORE PAINTING NEW BRICK ;he : nt authorities recommend that e painting a newly built brick —, that is damp the mortar joints d be gone over with a water * )l( ‘ ^ of sulphate of zinc. they say. will neutralize the used in the mortar joinings r.—»- would otherwise cause diffps , ^/ with the finishing coat. Both and existing homes may be r: Tteed with funds obtainable from ms. Ffied lending institutions under p; Modernization Credit Plan of th? ral Housing Administration. !e for "11
ME HOME PAINTED WITHIN 2*1 MINI TES ~WWkWl
4 wjiile spectators cheered, a corps y jft painters ascended the walls of o-story frame house In Memphis had not been painted in 11 years, f f 7 '' Jvlthin 22 minutes had given the “'f' e house one coat of paint. • such speed is required of homo rs generally, but many will use good weather of late Summer sarly Fall to cover their home a paint as protection against the e Winter weather. Home owners paint their homes unde^Mie
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floor
or.
Verj occ«!
coff.^ In? « ttf is atti< m
■rnization Credit plan of the ral Housing Administration will in their funds from lending intions qualified by the FHA.
HINTS FOR HOME OWNERS
Properly Located Equipment Housekeeping has been freed from much drudgery in those homes where scientific kitchen planning has be«,i put into practice. While the automatic features of many kitchen devices have contributed considerably to lightening kitchen tasks, the location of the equipment in proper relation to work is also of prime importance. Kitchen cabinets having flour bins, utensil drawers, towel racks, and other kitchen essentials break the monotonous kitchen routine and meet good housekeeping requirements. However, if the cabinets are improperly located, convenience and effieiency are reduced. Kitchens may be modernized and new cabinets and equipment installed with funds obtainable from lending institutions qualified under the Federal Housing Administration Credit Plan. Efficiency hn Chimneys Many authorities recommend 30 to 35 feet as a minimum height for efficiency in a chimney. Federal Housing Administration officials say. Drafts in low chimneys are erratic in action, although local conditions must be considered in the construction of any chimney as overhanging trees, the height of the chimney above the roof and strong prevalent | winds can cause disturbances in the | draft action. FHA's Modernization Credit Plan provides a way of repairing a smoking chimney or unsatisfactory fireplace. An Extra Rath Home owners who have seldomused clothes closet or some other waste room space can have the comfort of an extra bath through installation of a cabinet shower. Though lacking the convenience and size of an entire ndditionnl bathroom, the cabinet shower alleviates an inadequate bathroom situation. A space three square feet or less is sufficient in which to install complete showerbath cabinets. Guaranteed to be .leakproof, the cabinet installation requires no special treatment of walls or floors. Dead-end hallways, closets, or nooks in the basement are ideal lo-l cations for such cabinet installations which may be financed with funds obtainable from qualified lending Institutions 'under FHA’s Modernization Credit Plan. Fall Roof 1‘uinting The roof should be placed high on the list of subjects for consideration as home owners approach the season for making plans for Fall repairs and improvements. Roofing authorities recommend that the tin roof be painted at once upon Installation and every two years thereafter. Where galvanized sheet metal is used, the roof should not be painted for at least six months after installation as this period of conditioning is necessary to free the surface acids which otherwise may tend to loosen the paint.
Frame Colonial
INSURED MORTGAGE SYSTEM LOWER FINANC ING TERMS
i
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This dignified New England ViOttic represents a type cf const, .ivtion typically American, it., interior arrange men*, in an »i„dilion: l a its simple exterior. Lack of waste space, a feeling of spaciousness, and honesty of architectural design make (his home preferred by many over less conventional plans. Given a valuation cf Sfi TOO hv Federal Housing Administration olHcialr, th: ho'-.e with the aid of a mortgage for $5,900 insured by the FHA.
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Definite examples in the files of the Federal Housing Administration demrnstrate the revolution that the home-mortgage insurance system has brought about in home-financing terms, according to Administrator Stewart McDonald. “The largest group of borrowers under the Federal Housing Administration plan have incomes from $2,000 to $2,500 a year,” Mr. McDonald pointed out. “In 1938 a typical family in that group with an income of about $2,230 a year paid approximately $-1,900 for a new hous' and assumed a mortgage for $4,100. or 84 per cent of the value. On that mortgage Its monthly payment was $26, or 14 1 per cent of its monthly
income.
"Before the advent of the mort-gage-insurance program such a Iran
saction could not have been financed, apart from exceptional eases, mortgage or land contract. When suen financing was used the purchas > price was customarily padded to cover discount on the second mor - gage, and the payments would hnv - been not less than $40 to $50 month. In other, words an equivalent hous” would not have been avilahle to a family with such an income withou* unwarranted sacrifice ami exccssh danger of losing its equity. “Further, a family buying such house, even with a larger incom 1 would have been subject to h.azznr and expenses in connection with i newing the financing if It had no been lucky enough to obtain a fully amortized mortgage running foe perhaps 10 or 12 years.”
Larjje
Barn On
l)onner\s Farm
FIRST FLOOR PLAN
SECOND FLOOR PLAN
Cedar Plaster I s K H c c t i v e M o t h |> r o o 1 A cedar plaster, which Is eligible for Installation under the Modernization Credit Plan of the Federal Housing Administration, is now being manufactured for moth-proofing closets and storage chests. Any usual surface can receive the cedar plaster provided sufficient bond is available. The plaster is said to cover about two square feet per pound when mixed with water. The finish when dry is of pleasing natural red color and is said to he fireproof
and sanitary.
BOOKS ADO INTEREST, RICHNI ss TO HOMES Books in themselvi are decorative and add interest and richness to any surroundings. With bookshelves eligible for installation under the Modernization Credit Plan of the Federal Housing Administ ration, miv.y monhome owners will avail themselves of this feature. Bookshelves built in an entrance hall serve a dual purpose. They offer storage space for books and at the same time create an inviting app-
FI1\ ()|MTators I!mr InlluriHT On U.S. Economy
E A V O I! \ B L E INFEI EN< E SHOULD BE MATTER OF IMtlDE
KEMODFI l\G TAKING I’EACF AT TW O < OEI.EGK STREET HOMES One of the largest barns in Putnar-. County is in the process of construction at the Frank Donner farm west of here. The barn will be 36’ x 48’ and the first rafters will be 14’ from the floor. From this rafter there will be 27 more feet of space so that the barn, setting on a hill, looks extremely high. 'Pile roof is the self-supporting style and will have a large capacity. Medn Long is remodeling her property on College Avenue. At the present time the plans call for two new chimneys, a porch, new floors, and painting the roof. The home of Eugene Snyder is being remodeled and modernized. This is the old Hibbitt estate on North College Street. Among the remodeling plans are a basement, bath, new floors, new rofltf, new windows, etc.
I n <* i n (*rato r Disposes 0! Home Waste
\SS HI II.DING BLOCK
CUTS GLARE OF SUN A new type < l incinerator now A new glass building block said to available for homes requires no auxreduce the glare of the sun and give iliary fuel and little installation exa soft diffused light, is being offered pense and may be built into the heathome builders. i ing flue by any qualified mason. Characteristics of the new glass Funds for installation of such incinblock adapt it particularly to large 1 erators may be rMained from quali areas where softer natural daylight ^ fled lending institutions under the is desirable. In modernizing homes to Modernization Credit Plan of th ■ provide larger areas of light entry Federal Housing Administration, the new glass blocks may be installed | Two separate combustion chamwlth funds obtainable from quelified hers are provided for garbage and
lending institutions i
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Start Your Nest Egg Hatching Now!
If you have been saving money to start a new home, or If you ow n a desirable building ample reason to put It to work Immediately in order to take advantage of new, more
lot—there is liberal FHA
A rising price market, with every Indication
terms as well as to build at lodaCs advantageous prices, of further advances, will increase building costs. THE HOME YOU PLAN TO BUILD
May Cost You Considerably More Next Year ALLAN’S PLANNING and ARCHITEfTFRAL SERVICE gives you what you want, Insures th • highest type of construction and materials, protects your interests all ihc way, and actually gives you more for every dollar you Invest. , You Pay For It As \ r ou Now Pay Rent, So — It Profits You Noth-
ing To Delay!
The lower the final cost of your home—the smaller the monthly payments. September Is a good month to start. Come In and get the complete story of FHA financing and our facilities for helping you. Have the definite facts to consider. No obligation of any nature Is Involved. QUALITY MATERIALS FOR EVERY BUILDING. REMODELING OR REPAIRING NEED ALLAN LUMBER CO. inc.
501 North Indiana Street
Green castle, Ind.
Phone 403
j dry rubbish. Two cast-iron shaker ' grates nnd a drawer type nsh pan I facilitate removal of the ashes. Hen; | from dry refuse burning in the lower compartment dries the wet gari bage and sets it afire. t MARRIAGE RATE KEEPS PACE WITH KITLDING The marriage rate and the homebuilding rate keep in stride. Figures gathered by Federal Housing Administration officials in a west coast city showed that one new house was built with an FHA-in-sured mortgage for approximately each third marriage during the first
half of the year.
As 3,055 couples took their marriage vow, the FHA selected for appraisal mortgages on 1,034 newly
constructed homes.
The beneficial effects which the ! operatic o; the Federal Housing Admin-(ration have had on national I economy during the past five years are “unquestioned anti should he matters of pride to the financial institutions and all others who have participated in the program,” Ad- ! ministrator Stewart McDonald has declared in reviewing FHA attainments since enactment of the Na tlonal Housing Act on June 27. 1934 Mr. McDonald’s comments on the | accomplishments under the FHA program during 1U first five years appeared in the August issue of The Insured Mortgage Portfolio, official publication of the Federal Housing
Administration. Figures Cited
Citing figures from the record o’, operations to show how fat the Federal Housing Administ! at ion has moved toward achievement of Its fundamental purpose, Mr. McDonald
said:
“Private lending Institutions had advanced $839,559,606 in propertyimprovement loans through June 30. During June they repotted the largest volume of any one month since the revival of the Modernization Credit Plan in February 11)38. Title II Activity “Under Title II, lending Institutions had submitted and the FHA had selected for appraisal home mortgage loans aggregating $3,011,054.561. From year to year there has been a constantly rising volume of home building under this title. A broad and healthy recovery In such construction has occurred, particularly since the passage of the 1938 amendments to the act a year ago last February. "Under the rental-housing phase
of the program (this including all developments under Sections 207 nnd 210 of the act), 313 mortgages, aggregating $126,309,475, had been accepted for Insurance through June 30. Of these. 224, aggregating $99,636,775, were premium paying as of that date, and involved properties, completed or under construction, de- - .signed to house 25,925 families.”
Lenders Demand Zone IVoteelim
FUEL HENEFITS OF FHA PLA' UNAVAII.ABI.E UNLESS LAND IS CONTROLLED
With the object of making the full benefits of mortgage insurance avail able (o all communities, the FHA’ Land Planning Division cncouragei communities which lack adequate zoning ordinances to set up such regulations ami thereby provide the necessary protection. Added impetus is said to have been given to rezoning activities during recent years by the unwillingness of lending institution' to advance mortgage money for the purchase or const ruction of homes located in areas zoned for commercial use. This attitude has been fostered by the Federal Housing Administration’s underwriting practice, which attaches great weight to hazards to residential investment la suiting from this condition. The large vacancies, or use for other purposes, of land in commercially zoned areas have led rlty officials to realize that estimates of possible future commercial nnd industrial expansion were unduly optimistic.
use daily banner advertising FIRST — Everybody who Rends, Reads a Newspaper Every Day.
BETTER BUILDINGS ... Mean MORE PROFIT
In the Operation Of Your Farm
REMODEL & REPAIR NOW! COSTS ARE LOW!
PAMPHLETS ON CONSTRUCTION ARE AVAILABLE TO PUBLIC Nine pamphlets relating to home construction have been placed on sale through the ofiiee of the Superintendent of Documents of the Government Printing Office for distribution to the general public. ’ITiey are:
Name
Recent Developments In Dwelling Construetion Modern Design Contract Documents for Small Houses Principles of Planning Small Houses Planning Neighborhoods for Small Houses Insured Mortgage Yield Tables
Illustrate Case
Architectural Planning and Procedure for Rental Housing
Planning Profitable Neighborhoods
The Superintendent of Documents will not accept stamps in payment
for literature.
Number
Price
2212
$0.05
2213
.05
2046
.05
2210
.10
2242
.10
2331
.05
2042
.10
2421
.10
2370
.20
We Arc Authorized To Help You Obtain an FHA Loan To Aid You in Your Bunding Program
Belter buildings enable you to have belt -r produce and to take belter care of It, thus Increasing Ihc qmilitv and i|imntlt> of \our farm's production, which means LARGER PROFITS! So, don’t pul off those neded repairs—delay will lie costing .\ou money. You will mukd extra savings it you art now Ihs'HUsc present low costs ina> not continue. See us at once!
GET CORN STORAGE SPACE READY! Let us help you plan adequate storage space for your new corn crop. FHA financing is available for this pur pose. METZGER LUMBER CO.
117 W. Franklin Street
Phone 262