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gunuummmummuuummufiuummmmummuuuummuummnuumnmlm|||mmmmmmm1HumumummuummmlmmmmmmflmmnmumunmmmnnImnnmmnmumuummtlmummiuuulmmmmmuunummmmmumummmuummmmmmnummlmmnmmmuuummmuummm|mmmmumnmmmrmummmg THE DAILY ALASKA WPIRE TUESD/\\ ]UNE 16, 1936. VRS S ||I|||lllllllll||||||IllllmllmfxllIIllllmllllllIllllIIIIIIIIIIIIIIIIIIII|IIHIIIIIflll“'lllllllllllllllllllIIIIIIIlllllllllllll|IIIIIIIIIIIIHHIIIIIIIIIIHIIlIlIIIIIIIIHIIIIIIIIIIIIIHIIIIIHIIHII|IIHIIIIIIHIlIIIllllIIIIIIIIIIIIIIIIIII||l||II|IIIIIIHIHNIIIllllllllllllllllllllll |IIl'IPIIIIIIIIIIII!IIIIllllllllllllllllllllll'IIlIH|IIIIIHIIHIIIIUI|IIIHIIIIIIIIIllIllllII_l_l ~71Afiome For $2,000 = FEDERAL HOUSING MORTGAGE PLAN A GAINST OLD STYLE FINANCING PLAN FOR A HOME COSTING $2,500, WITH $2,000 IN MORTGAGES FHA Mortg=go Old Style Plan to Finanece = $2,000, 20 Year, 5% Interest, '¢% Service Charge, 330, First Mortgage, 6% Interest; $670 Second = 1,9 Mortgage Insurance Premium Mortgage, 8% Interes = Actual Mortgage Charges (monthly): al Mortgage Charges (for entire period): g 57 est and amortization $13.20 Interest on first mortgage for 20 y = Y e charge (average) 49 Commission paid to = % zage insurance premium 83 nd to refinance every 3 years at = S 3 time 279.30 = SINGLE Total $14.52 Interest on second mortgage for 4 years 139.15 3 Estimated Additional Charges (monthly): Second mortgage principal repaid in = Hazard insurance premium 117 Commission paid to obtain second mort = * Total 6.34 Total payment for 20 years 271795 Total Meonthly Payment 20.86 Annual average 135.90 = Monthly average $11.32 Estimated Additional Ch: Xefi (monthly) : g hazard insurance premium and water rent same as in FHA example) 6.34 HOUSING BAROMETER Total Monthly Payments (average) 1766 SAVINGS UNDER FHA PLAN OVER 20 YEARS old St ancing FHA Financing May 28. 1936 o ity RN N \1 onthly payment $ 17.66 $ 20.86 The total amount of business monthly cost of FHA plan 3.20 reported to date by private fi- extra monthly cost of FHA plan for 240 months 768.00 nancial institutions under pro- ce due at end of 240 months 1,330.00 0 visions of the National Housing e RN Act is as follows: Net saving with use of FHA plan ($1,330—3768 562.00 above tables are the second of a series contrasting the costs of financing homes—costing $1,250, $2,500, and $6,250 respectfully—under the Federal Housing mortgage The $3,750, $5.000 mortgage system Number of insured modernization system and under the old style loans : A saving of $562 is shown for the owner of a $2,500 house with a single 20-year mortgage, insured by the AigT g Federal Housing Administration, over what he would have had to pay over the same period With a series of In this little house, designed by the Federal Number of home first and second mortgages maturing every three and four years, respectively Housing Administration, and designated as house mortgages accept- ed for insurance Amount “B” in its booklet “Principles of Planning Small Houses”, emphasis has been given to maximum accommodation and adequate comfort in the bed- rooms, The living room is small, but the shape and wall spaces lend themselves to satisfactory furnishing and use. The kitchen is compact, but illows space for either a small table or more cabi- net space. Laundry trays could he installed in the utility room, if desired, instead of using the combination sink-and-tray fixture shown in the kitchen, If a coal range were to be used, the posis tion of the chimney could be changed to the partis tion between the utility room and kitchen, making it available for the range as well as the heater, The Federal Housing Administration estimates that this home may be built under the Insured fortgage System at a cost ranging from $1,650 0 $2,000, depending upon location. { Besides, under the Federal Housing mortgage system, the owner saves the trouble and anxiety of re- financing his mortgages every three or four years. For his only obligation is to meet the small payment of each month in order to have his home in fee, free of all debt, at the end of 20 j s. The estimated s for tax, hazard insurance, and water rent vary, of course, in different localities KRAFFT’S CABINET and MILLWORK Kitchen Cabinets 72,862 $203,490,861 CUT FLOWERS AND POTTED PLANTS FOR BEAUTIFYING YOUR ROOMS Trees, Shrubs and Plants for Beautifying Your Yard JUNEAU FLORISTS Shattuck Building PHONE 31 = = = = = = = = F—1 E = = = = = LIVING ROOM 156" # 156 BUILD NOW' Columbia Lumber Co LUMBER AND BUILDING MATERIAL Screen Doors and Windows Frames and Sash All Kinds of GLAS PLYBOARD and MOULDING Estimates Furnished SATISFACTION GUARANTEED FRANKLIN ST. at SECOND Telphone 62 RS S T L SIS S S SR G Celotex LOTS OF LOTS NICE ONES——TOO! Casey-Shattuck Addition Gold Belt Addition Seatter Addmon CASH or TERMS Co-operate with the FEDERAL HOUSING ADMINISTRATION and beat the rent game . . . . ALLEN SHATTUCK —Since 1898—— CONSULT US FOR FINANCING OF HOMES UNDER TITLE NO. 2, FEDERAL HOUSING ACT Reduces your fuel bills, and beautifies your home. We carry a complete stock for immediate delivery. —_—ALSO—— Celotex Plank Celotex Tile TEMPERED HARDBOARD-—-HARDBOARD TILE PLASTERBOARD—FIR FLYWOOD DOORS—WINDOWS—GLASS—PAINT Ask for the CELOTEX BOOK JuneaueYOuug Hardware Co. FOR Evmxmmc IN THE BUILDING um: stt G. E. KRAUSI Dealer in Heavy Building Materials GENERAL CONTRACTOR WE ARE DEALERS AND CARRY IN STOCK— Fireplace Ashdumps Firebrick Fireclay Pressed Brick (for mantels) Hearth Tile Tile for Floors and Walls Asbestos Wall Tile Stucco Wire Reinforcing Steel, 1-4 to 1 1-4 inch Wire Mesh Reinforcing Expansion Joints Waterproofing, integral and brush coat Johns-Manville Asbestos Shingles Portland Cement Finishing Cement Early Setting Cement Stucco Cement Fiber (Hair) Hardwall - Plaster Finishing Plaster Metal Corner Bead Wire Fabric Lath Metal Lath Wood Fiber Lath Wood Fiber Wall Board Lump Lime Hydrate Lime Galvanized Thimbles, 10, 12-inch Fireplace Dampers Finishing and Mortar Sdnd Fireplace Cleanout Doors Soft Sheet Copper WE MANUFACTURE AND SELL— ALASKA SPRUCE—HEMLOCK—CEDAR PROMPT SERVICE LUMBER FOR EVERY PURPOSE Build with WOOD for PERMANENCE Juneau Lumber Mills PHONE 358 6,78 e T $44,000 FOR NOTHING | The LOs Angeles Illustrated Daily News has just carried a story to were cccupied on May 1. This was 7198 per cent of the total. The Inquirer points out that HOUSE AN HOUR A permit for a new home every sixty minutes of each be paid Allegheny Counity vet- erans will éventually find its way into real estate in one s Raymond M. Foley, t Director of the ¢ Administration Concrete Sewerpipe, sizes 4 inches and up and Ells; all sizes Concrete Chimney: Blocks, firesafe and well made Concrete Chimney Tops Concrete Sewerpipe Ys, Tees G. E. KRAUSE Concrete Chimney Bases Conerete Culverts Footing Blocks Building Blocks and Brick of the standard masonry, unit sizes Concrete Sills and Lintels Burial Vaults the effect that a man purchased a home in 1887 at a cost of $5,000. Since that time there has been an | outlay in interest amounting to $44,000, according to the Los An- geles Tllustrated Daily News, and the “owner” still owes $5,000. If the “owner” could have bought through the Federal Housing Ad- | ministration’s insured mortgage n, he would have owned his old bills. 1907. cuspice: VET HOME BUYERS Pitisburgh real estate men es- timate that 26 per cent of the $22,000,000 in bonus money to ing form cr ‘anéther, accerding to the Pittsburgh Press. The Press believes this expenditure would reestablish home building in the Pittsburgh district, sinc¢e the funds to be spent for real estate will be second enly to the funds with which veterans would pay As a result of the series of mort- home and had it fully paid for in gage clinics conducted under the of the Federal Housing Administration In Michigan, Detroit News sees a potential $15,- | | 000,000 home building and refinanc- in Michigan. Hmflllllll“llfllIII|||IIIM|III|IIIIIIIIIIIIIIIIIIIIIIIIIIlllIlIIIIIllllllllllllllllll!llllIIIIIl|IIIIIII||lllIIIIIIIIIIIIIIIIIIIIIIIIHIIIMIIIIIHlIIIIhIIIIIIII'IIIIIIIHIIIIIIIIIIIllIIlIIIIIlmfilfllllllIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIllllllllIIIIIIIIIIlIIIIIIIIIIIIIIIIIIII||IIIhlIlllll|IIIIIIIlIlIIIIIIIIIllllllIIIIIIIIllllllll|IllI|lllll|lIIIllIIlIIIlII program pinicn that ap- cent of the po- who expressed the proximately 50 tential business district. The clir out ‘interest in the that is, the home costing 500 to $3,000 1 home— from $1,- A unique and reasonably ac- curate barometer for measuring the current strength of business in Philadelphia turns up in the Philadelphia Inguirer. The In- quirer finds that of the 10,621,- « 272 square feet of space avail- able for office rental in Phila- dedphia, 7,645,848 square feet the The the current rate of occupancy i the most impressive in recent years and has not been equalled Stimulation of the building in- dustry by Federal Housing Admin- istration has taken approximately 3,000 Uts men from the relief lls dur he past year, accord- to the Salt Lake City Tribune. all rof these men have been absorbed by the construction inc y in Utah, the Tribune says. New construction financed in Utah under the terms of the Natipnal Housing Act, the Tribune says, amounts -to approximately 8/50,000. ing Virtually business day in 1936 is a record of the San Fernanda Valley district in California, according to the Los Angeles News. Ac- cording to a survey of the building statistics for the first four months of this year, the News reports, a residential building permit has been issued for v hour of the business day. Since January 1 a total of 807 new homes have been built. The News reports that a com- pany which recently l:"lonlq some residential terrlfin'y that district already have’ s.ld‘j qut 31 teacksi) f TR