Evening Star Newspaper, December 8, 1934, Page 18

B—2 F. 0. A RECOGNIZES LAND USE VALUE Mortgage Rating Standards Embody Many Realty Suggestions, Standards announced this week by the Federal Housing Administration for rating residential properties for mortgage insurance embody many of the principles of land use, design and the like, for which the National As- sociation of Real Estate Boards has for years contended. General recog- nition of these principles is bound to mean & real advance not only in housing standards themselves, but in understanding of what constitutes a sound home project, the association pointed out. F. H. A. recognizes use value of a dwelling as the basis for rating the mortgage upon it. It also recognizes that in determining the stability of the value back of the mortgage the neighborhood may be a more im- portant factor than flaws or virtues in the construction of the individual house. The new “property standards” strongly encourage the trend to lower ratios of lot coverage, and point the advantage of eliminating unnecessary street areas to cut out unnecessary home costs. They call for planning of projects in relation to expected population trends. They are built on the fact that a residential structure, 1f its value is to hold up for possible resale, must be, in point of cost, type, design and the like, not very far either above or below the general standards of its neighborhood. They declare properties ineligible for mortgage in- surance if, through lack of proper protective measures, there exists & major hazard that their neighborhood will lose its quality as a residential neighborhood through the coming in of adverse uses. Valuable Check List. The new statement of standards eonstitutes & valuable check list of desirable minimums for: 1. The family about to buy or build home. 3. The mortgage lender, whether or not he intends to apply for mortgage insurance. 3. The operative builder, whose out- put must reach acceptance by both buyer and mortgage lender. The standards set up by F. H. A. apply only to one—to four-family dwellings. (Property may be used in part for other than dwelling purposes.) ‘The same standards will be applied to existing buildings as to new build- 8. Absolute requirements are. notably: 1. Lot coverage for single family detached houses, including all acces- sory buildings, in no case shall exceed 30 per cent for an interior lot, or 40 per cent for a cornor lot (exclusive of any area given to streets, alleys or easements). Desirable maximum cov- erage is placed at approximately 20 per cent of the lot. For attached (row) houses and 2-4 family dwell- ings, the same coverages are accept- able standards, but they may be ex- ceeded if adequate light and air are given all inhabited rooms. 2. Minimum number of rooms per family unit: Three rooms plus bath room. 3. Minimum floor area of rooms: One at least 160 square feet, one at least 100 square feet, others at least 70 square feet, except kitchen, which must be at least 50 square feet (if (8) For each room, not less than 1 square foot of glass area for each 10 square feet of floor area. (b) At least 45 per cent of the glass area must be openable for ven- tilation. 5. Supply of pure water, adequate in volume and pressure, from an ap- proved community source (drilled well may be acceptable). 6. Water supply to the kitchen over 8 sink, with waste outlet. 7. Connection with approved public sewage system or, where this is not available, other proper disposal for waste outlet. 8. At least one water closet per family unit, with & supply of water adequate in volume and pressure for flushing, and drained to an approved public sewage system. (Where this not | available, to approved septic tank or | cesspool.) 9. Heating system “adequate in rela- tion to character of dwelling and climate.” 10. Concrete or masonry foundation for all exterior walls, extended to firm bearing surfaces beneath the gen- erally accepted frost line for the locality. Where Leeway Is Given. Tmportant places where leeway is given: Pavements which add cost out of relation to the need of the neighbor- hood will be looked on with disfavor (but property reached only by an un- surfaced way is ineligible). Central heating system is not re- REAL ESTATE. THE EVENING Attractive Low-Cost Home Livwg Roon i14°0°r20'0" ‘The house presented this week by Joe Harry Lapish, architect, is in keeping with the present-day trend for smaller units in residential design. The plan is so arranged that it can be economically enlarged if future conditions should demand an expansion. It is shown as a one-story house, but the stairway to the basement is located so that a second floor is pos- sible without any change to the existing first floor. In order that main- tenance will be held to a minimum, this house is designed with the walls of poured concrete, with the stone aggregate exposed, so that the walls will not have the cold gray color usually associated with concrete. The garden would be located away from the street and adjacent to the sheltered terrace opening off the living room. and for hot water supply recom- mended. Required only where stand- ard of neighborhood demands it. One requirement which bars a large group of existing developments from insurance: That for row house de- velopments the interior houses in the row shall be not more than two rooms deep from front to rear. Building lines on opposite sides of the street, way, or casement are in general to be not less than 60 feet apart. No rear wall of main building to be less than 15 feet from & rear lot line. House design, either faddish or in- congruous to the neighborhood, is discouraged and may make property ineligible to mortgage insurance. Where the neighborhood is an un- developed subdivision or an area whose future is not yet established, review will be necessary by the Wash- ington office of F. H. A. Softener Developed. A recently developed, electrically controlled water softener is said to be fully automatic, reconditioning itself and requiring only occasional additions of salt to the brine tank. Transparent Cellulose. Transparent cellulose is used in another new, space-saving insulation (for magnet wire). Bonded to the wire, it is sealed with a baked lacquer finish to protest against solvents. This house contains 19,000 cubic feet. FEDERAL SAVINGS MORTGAGES SEEN DRAWING CAPITAL (Continued From First Page. Federal associations, John H. Fahey, chairman of the Federal Home Loan Bank Board, said, “A gratifying thing about this increase in private invest- ment in Federal savings and loan asso- ciations is that it took place prior to the actual insurance of accounts held in these institutions, and therefore does not refiect the value of this addi- tional safeguard in attracting the sav- ings of the people. During the past few weeks, nearly 300 Federal savings and loan associa- tions have been certified {cr insurance by the Federal Savings and Loan In- surance Corp. Every investor in such an insured institution is fully pro- tected up to $5,000. It is hoped that within & short time, insurance will be extended to all the 592 Federal sav- ings and loan associations so far chartered, which are now actively carrying on their thrift and home- financing functions in some 500 towns and cities in 40 different States and to some 50 State-chartered institu- tions, which have applied for insur- ance.” ONE OF THE MOST AMAZING NEW HOUSE VALUES OF THE YEAR 4892 ChevyChaseBlvd,, Chevy Chase, Md. CHARLESTON COLONIAL HOME i (BuiltbyFrankJ. WagnerCo.) Six beautiful rooms, tiled bath . . . FEDERAL CHANGES 10 AID BUILDING Impetus Seen From Impor- tant Developments in Housing Act. Important developments in the ad- ministration of the national housing act are expected to give decided im- petus to the better housing program during Winter months, the construc- tion industry believes. Coupled with new building antici- pated under the long-range mort- gage insurance program of the Fed- eral Housing Administration, business men believe the threat of competi- tion from new housing will have the effect of stimulating widespread re- pair and modernization of existing properties as owners—particularly landlords—seek to combat the induce- ment offered by these newly built homes. Already the Nation-wide property repair and rehabilitation movement of the Federal Housing Administration has created more than $100,000,000 in business for the construction and al- lied industries. Under the leadership of campaign committees in 3,000 odd communities, this total is mount- ing at the rate of nearly $3,000,000 & day, Administrator James A. Moffett estimates. The majority of this work has been done on single-family homes by owners, Broadened Loan Scope. Supplementing these developments, the Federal Housing Administration has broadened the scope of borrow- ing eligibility under Title 1 of the act, authorizing insurance of loans made by private lending institutions for modernization and repair. Under the revised regulations, an entire family’s gross income may be taken as the basis of a modernization loan. Heretofore, it had been required that the borrower have a “bona fide source of annual income at the time of appli- cation at least five times the annual payments.” This section now reads: “The maker (or husband and wife Jointly, or other members of the fam- ily, if signers) must have a stated bona fide gross annual income at the time of application, or sufficiently in pros- pect to satisfy the financial institution, equal to at least five times the annual Ppayments. Loans for Land Improvement. Another important change permits the construction of improvements on unimproved property up to $2,000. Previously, loans could be made only for the improvement of property on which some sort of structure already existed. The number of pieces of property on which an individu-l bor- rower may negotiate loans is now un- limited, whereas before the maximum was five. Loans of this type may now be ex- tended over a period of five years at the digretion of the lending institu- tion. Heretofore, final maturity has been three years, with a possible five- year term allowable by specific author- ization of the Federal Housing Admin- istration. Delinquent taxes no longer are an absolute bar to modernization credit. ‘The regulations now provide that the bank may use its own discretion in extending credit, the status of taxes, assessments and payments on princi- pal and interest of mortgage not affecting the eligibility of a note for insurance. Vibration Reduced. A new eight-cylinder compressor for air conditioning and refrigeration has no piston rings, pins, connecting rods, crankshaft, gears, stuffing boxes, ;:lves g;‘i.s]z vibnnon are said to prac y eliminal et ted, size and Stove Lamp Offered. An attachable electric stove lamp 15 now offered for gas, electric ranges. It is easily affixed, without drilling. Homes Offered at Real Bargain Prices 3105 Northampton St. l The group of unususl semi-detached homes, located in the 500 block of Quackenbos street, Manor Park, were constructed by Harry Poretsky, Inc., builders, of 521 Irving street. All four have been sold recently through the office of J. Garrett Beitzell. LOANS AUTHORIZED Housing Act Provides for Air- Conditioning Equipment. Air-conditioning equipment may be installed, for greater comfort and health, through insured moderniza- tion loans under the national housing act. It is usual to install such equip- ment in connection with a new heat- ing unit of an improved type, which produces & maximum efficiency in heating at a minimum expense and which is sutomatically fed and con- trolled. However, it may be installed in connection with your present sys- tem, if desired. Air-conditioning equip- ment is easily installed during the most unfavorable weather. It makes possible regulation of humidity in homes during the Winter. Bath Equipment Important. Plenty of well-located racks for towels and wash cloths, adequate medicine cabinet space, sufficient elec- tric lighting and at least one large clear mirror are features that should be included in the bath room in order to bring it up to modern standards. Equipment of this kind when built-in as a permanent part of the structure, may be financed with modernization loans obtainable from private financial institutions co-operating with the Fed- | agencies. This, he said, would accele- eral Housing Administration. New Brick Colonial Home 6125 3znd "PLACE N.W. AMID glant oaks on a big lot 50x140 feet you will find this delightful home, large living room with fireplace . . . MODERN ELECTRIC HEALTH breakfast room . . . three finished attic . . . copper down- KITCHEN... master bedrooms . . . furred walls, slate roof spouts and gutters . . weather-stripped « o . garage. screened 5421 30th Place N.W. ‘This lovely home drivi tary Rosd. right to 30th Plac 5509 30th Place N.W. An attractive Chevy Chase home. furnished for inspee- tion and resched by driving to Military Road. right to 30t is reached 5014 Thoroughly renovized 6-roo: Reated sun parlor. pulli-in garage. 626 Powhatan St. N.W. ‘home. -car detached STAR, WASHINGTON, D. C., SATURDAY, DECEMBER 8, 1934. Manor Park Homes Sold 11,000 IN MARYLAND HELPED BY H. 0. L. C. P. W. A. and Housing Also Aids, but Work Relief Is Hindrance, Says A. E. Hungerford. Special Dispatch to The Star. BALTIMORE, December 8.—More than 11,000 home owners in Maryland have been aided by the Home Owners’ , Loan Corp., between 20,000 and 325,- 000 men have been given work on P. W. A. jobs, and the better housing program has caused & dearth of build- ing trades workers in some parts of the State, sccording to Arthur E. Hun- | gerford, director of the National Hous- | ing Administration for Maryland. | He stressed the need for a plan of | | work relief in Maryland. This State, | i he said, is backward in this respect, and he quoted contractors to show | morale is deteriorating among men | who have had no work for two years. Mr. Hungerford suggested that the present practice be reversed so Llnr.‘ materials and equipment would be | furnished by Federal authorities and workers furnished and paid by local rate work relief. i Chevy Chase llthablflrhl!‘ll.'I : Center-Hall Plan " eLarge Lot 2 Tiled Baths 03 Bedrooms ©2 Fireplaces ORecreation Room 02.Car Garage ©Gas Furnace OFinillled Attic Out Commecticut Avense to Chevy Chase Circle and East on Rittenhouse to 3ind Place and Left One-Half Block. > Horning Realty € NAL. 2030 and TOWER BLDG. urnished for your inspection and out_Connecticut Avenue to Mili~ e. out Connecticut Avenue h Place. K-mas Ave. N.W. th semi-detached REAL EST ~—Star Staff Photo. CALKING PUTTY USEFUL Product Is Good for Keeping Out | ‘Winter Winds. Calking putty is an adequate ma- terial for filling up chinks and open- | ings where Winter drafts might enter. | It will not dry, run in hot weather | nor become plastic in Winter. Calking putty is used for setting metal or wood window and door | frames in wood, masonry or concrete | walls; setting metal sash in art stone; setting skylights, scuttles, copings, etc ; pointing up or repairing tin. Be sure | also to calk around all water, sewer | and gas pipes where they pass through the walls. A practically new and thoroughly is here offered at a price you will uated on a large lot, facing south tremely handy. Drive out 5th St ATTRACTIVE DOWN on Montgomery You will find this NEW house of six rooms (three be one with shower. Convenient to schools, st house contains such features with built-in cabinets and Sa @ H: MASONIC BLDG. one of the best values of 1934. Located on lot . a detached two-car garage at rear; ample protected play space for the kiddies. ATE. BUILDING REVIVAL UTILIZES CLERKS Million Unemployed “White- Collar” Men Taken Back Into Trade Posts. Revival of building, including mod- ernization and the building of new ’homel, will go far toward utilizing & | million unemployed white-collar work- ers, declared E. L. Gibert, Eastern editor of American Builder magazine. “Normally more than half a million white-collar workers are directly em- ployed by the building industry,” stated Gilbert, “and revival of build- | ing to an extent equal to half the | annual volume of the so-called boom years would result in the re-employ- ment of hundreds of thousands of clerks, stenographers, bookkeepers, agents, designers, draftsmen, sales people and other white-collar workers. “Reference to the 1930 census re- ports shows how conservative such an estimate may be considered,” Gilbert said. “Contractors and builders could easily add 100,000 white-collar workers with a return of good busi- ness; real estate, including sales, would account for the re-employment of another 250,000; retail lumber and supply yards and offices could use 50,000 additional office employes; lumber manufacturing concerns would need at least 15,000 more white-collar workers and other building product manufacturing concerns could add 35,000; the professional and semi- professional classifications, such as lawyers, architects, engineers, ap- praisers, abstractors, etc., would be in- creased by at least 25,000 and a very conservative figure of 25,000 would barely cover miscellaneous white- collar workers. This makes a total of 500,000 who could be re-employed in non-mechanical, ofice and spe= cialized capacitie: *6,450 423 MARIETTA PLACE N.W. RIGHT IN MARIETTA PARK modern SEMI-DETACHED home never be able to duplicate. Is sit- and overlooks beautiful old Fort Slocum. Has six well-planned rooms, three porches, pretty hard- wood floors and mission trim, newly equipped and so perfectly refin ished throughout, you would take it to be brand-new. Hot-water heat, big bright cellar and a garage all add to make this a complete and thoroughly comfortable home and every convenience is exe reet to Marietta, three squares above Kennedy Street Open and Lighted to Inspect RMHOOKER An Unequalled Value in a New Brick Home $8,500 PAYMENT...TERMS 804 MONTGOMERY AVENUE Drive to Silver Spring and turn right Ave. gt Armory brick house, with slate roof, It is an ideal “family size” d rooms) and two tile baths, . 50x214 feet ... With it is surrounded by tores and transportation, the as an Electric Health Kitchen nitas walls; furred insulation; built-in bookcases and fireplace in living room; ample storage space with cedar closets and a large, light and airy basement with laundry facilities, Built by the Silgar Construction Co. SH. 2280 GARVIN SILVER SPRING A real buy in s semi-detached home. complete with Chevy Chase, D. C. New Brick Home A splendid value. 6 1. baths, electric kllzhe:“r:c‘r'e::lo: room. finished aftic.” Must be s appreciate Friedd s aly o oferine. $10,950 quired, but generally recommended. Bath room may be spaced for either tub or shower, but need not be equipped. Electric wiring and apparatus is not required (except as required to meet standards of neighborhod). Gas or electric system for cooking modern improvements including an electric health kitchen. Drive out 7th Street to homes at corner of whatan Street 5132 8th Street N.W. This low price makes this reconditioned home an in- teresting value worthy of your inspection. « < . OPEN DAILY—10 AM. TO 9 P.M. WM. H. SAUNDERS CO., INC. 1519 K St. N.W. s District 1015 flagstone porch, slate roof, furred walls, weatherstripped, inclosed radi: ation, latest in modern kitchens, electric refrigeration, garage, on a beautiful landscaped lot 50x115 ad- a prcpmd 60-acre Govern- park. You'll r find its Lighted Evenings OPEN TODAY Drive out Wisconsin Avenue to Chevy Chase Boulevard, 'm, opposite Chevy Chase Golf Course, turn left to home. equall 1405 GOSS REALTY CO. Eye St. J. S. EATON, Sales Dept. STONE FIREPLACE LOTS 147 FEET DEEP ALLINTO You Get MORE Value for Your Money In These Modern ALL-STONE HOMES Than Anywhere Else In The City! The only hemes of this type available in the city today. these lovely homes ai iit for COMFORT. with furred walls, bronze screens. and completely caulked and weather-stripped thro: t. They are also built for economy, not only in initial cost, but upkeep as well. 1320 Rittenhouse Street N.W. ALL THIS AND In 16th Street Heights MORE . . . FOR Wait until you see the 3 MASTER bedrooms. each with full lencth mir- n closel the panefed living the two tiled Hollywood bathes b dern kitchen with Masic Chef £as rance and Eleetrolux matie refrigerator; 2 electric washer and reation room: NAt. 1353 SLOOJSNMOA ANV SHONONL HILI0D & 4707 Hunt Ave. Chevy Chase Gardens $9,750 le value at $9,750. Dtlut Clm Chase G de Dave sn immediste appeal. '“I “’.".'.‘"‘r.‘.‘i‘:!' Attractive lving Tets de to sp: Dorch; epen fireplace.” den. dining room. complete kilchen, {hiee bed- Tooms, twe baths (master’s bedroom 1k private bath): sitic: orcom jaree. aftractively landscaped lot: {ransporiation facllities and school To Reach: Out Wisconsin Ave: Hunt A'naf;luec, ., O8posite cnfivv et Blocks %o’ properties, W™ 11t w0 3618 Warren St. The Only Remaining NEW HOUSE in This Section for Sala The lowest pri a new home of this & section — the closest in house suburl The Garden Spot of Washington WESLEY HEIGHTS A NEW ALL BRICK COLONIAL HOME Priced to Sell at $13,750 * 4437 Lowell Street ® © Center Hall Plan ©® @ Castom Construction ©® © Brick Garage @ @ Six Rooms; 2 Baths Also first floor lavatory @ © Recreation Room @ © Finished Attic @ © Rock Wool Insulation The Outstanding Value in Sheridan Park 16-INCH WALLS ¢ STONE GARAGES ¢ RECESSED RADIATORS ¢ GAS ’?‘.:_._ Slevations 1 To Reach Homes: A Picture of the Lovely Living Room in 1376 Sheridan Street N.W. This beautiful home sold for many thousand dollars more than its pres- ent price. Containing six rooms, sleeping porch and breakfast porch, two baths, log-burning fireplace, electric refrigerator and built-in garage. This is the home—the price and terms you can easily afford. *8,750 Inspect Today Drive out 16th St. N.W. to Sheriden HARRY WARDMAN, Ine.,, Agenb 1512 K st, Drive out I3th Street to Rittenhou: lett to home: furnished and hnul‘ 9 amto9pm. Dont miss this opportunity ...come out today! Temced - 1n- He y fine buy at the low Terms can be ar- 18 North Mansion Drive A Delightfal Cape Cod Colonial Home many new and unusual features. OPEN DAILY AND SUNDAY Out 16th St. cr Georpia Ave. to mrn hl in Silver Spring, out Colesville short distance to Wynnewood Park. Suburban Office, 8955 Ga. Ave. Ph. Shep. 3530 * WOOH NOLLVAMDTN GATANVA (NS h” HEALTH HOME with Modern ppliances Thro 2 - 2 i‘flh: Remember All 3 Homes Are Open Daily and Sunday Wm. M. Throckmorton . Realtor DIstrict 6093 Company. J. Wesley Buchanan, Inc. REALJORS 916 15th St. N. 721 10th St. Ph®Nat. 0765 @@m A N Y . REALYORS—Established Since 1915 Tower Building & MEt. 1143 Dlstrict 3100 Investment Bldg.