The Daily Alaska empire Newspaper, November 22, 1934, Page 7

PROPEF OF GASTINEAU CHANNEL NATIONAL HOUSING who wish to Finance Repairs- Alterations- Improvements under the terms of the The Better Housing Program opens the way to better living for you. Repairs, alterations and improvements may be financed now at low cost. If you have ready cash, use it. If hot, responsible property owners can now borrow on favorable monthly terms. Those improvements you have wanted to make need be delayed no longer. Every property owner who puts men to work and creates a demand for building materials and seryices will find. himself repaid many times in personal as well as community benefits. Money is available. Workmen are ready. NOW is the time to act. Who may apply? You—if you have a steady income and a good credit record. To whom do I apply? To any financial institution cooperating with the Government, or to your local Better Housing Committee, or to a contractor or supply dealer. Must I be a depositor? No. How much money may I apply for? From $100 to $2,000 — for improvement on any’one property. May I borrow for work on more than one prop- perty? Yes—if your income permits. How much time am | given to pay? From | to 5 years*—at the discretion of the financial institution. What does the credit cost me? Not more than $5 discount per $100 on a I- year note, payable in monthly installments (seasonal payments for farmers, etc.) e ————————————————————————————————————————————————— —_—— 8. Do I make any “down payment”? No. What security is required? Only the property owner’s signature—unless security 1s required by State law or by the lending agency to facilitate extension of credit. What assurance must I give? a. That you own the property. b. That your annual gross income is five times the annual payments on your note. c. That your mortgage (if any) is in such standing that the lender is justified in making the loan.? d. That you will use the money SOLELY for housing improvements. “A recent and more lioeral version of a former ruling— designed for the property owner's greater convenience. Sept. 12, 1934. Must friends endorse my note? No. Co-signers (other than wife or .husband) are neither profibited nor required. May the owner of any type property apply? Yes. Must I use any particular kind of building materials ? ; No. You choose your own workmen and materials. i May I borrow to buy housing equipment? Yes—if the equipment is “built-in or perman- ently attached.” Do I borrow money from the Government? No. The Government insures the institution which makes you the loan. Where do I make payments? i In person, by mail, or as otherwise arranged with the lending agency. 4 Should I wait until I can spend $1007 : ; No. Your object is BETTER HOUSING. . The time is favorable. If you can pay cash for repairs; alterations or improvements—do it Juneau Better Housing Campaign ¢ Federal Housing Administiation f L S & ¥ R JERAETINIOIRL YA ) HEADQUARTERS :: = ~SHATTUCK BUILDING A= S E e CINVROA - WD