Evening Star Newspaper, June 1, 1935, Page 19

H.0.L. G DEADLINE OF JUNE 27 NEARS Home Owners Who Want Loans Must Apply by That Date. Washington home owners who wish to apply to the Home Owners' Loan Corp. for . distress refinancing loans were warned today by William M. Seay, manager: of the corporation's| District office, that the deadline for applications is midnight June 27. The bill extending the funds of the corporation by $1,750,000,000 was signed by President Roosevelt Tues- day, and shortly afterward John H. Fahey, chairman of H. O. L. C., an- nounced that district offices through- out the country would resume accept- ance of applications for 30 days. The | corporation shut off acceptance of ap- plications last Fall, when its original appropriation was drained. Fewer than 25 persons, Mr. Seay said. requested his office, at First street and Indiana avenue, for appli- eation blanks on Wednesday, the first day that lending operations were re- sumed. He said he believed the small number was partially due to the fact that many home owners who actually are in distress have not been notified | of the addition to the corporation’s | funds. Money Situation Eases. 1t was estimated by the local office that from 300 to 1.000 applications would be received from the District| in the month during which the re- quests for aid will be accepted. Mr. Beay said today he believed this esti- mate was “too liberal.” .DEPI;RfMENT STORE: Since the estimate was made condi- tions in the Capital. cspecially in re- gard to real estate and mortgage | money, have improved greatly. After | H. 0. L. C stopped accepting appli- | cations iast Fall the local office took | cards from about 500 home owners who indicated they wanted to apply. | In recent weeks. Mr. Seay said. he has heard that numbers of these per- | gons have either sold their homes voluntarily in the brisk open rarket or have been able to obtain refinanc- ing money elsewhere. Mortzage money has been made much more | available here since the market for homes has reopened Collections on existing loans, the manager stated, have been unusually good. with the Capital showing a much smaller percentage of delin- quency than any other section of the country. It was estimated that fewer than 10 per cent of the persons who | have borrowed from H. O. L. C. in| ‘Washington are as much as 90 days behind schedule of payments. Two months ago the District collection of- | fice was moved here from Baltimore, | and the number of delinquencies has | been greatly reduced since the trans- fer. Since March 29 the local office has received 1,629 payments for a to- tal of $76.776. Average Loan $6,000. The H. O. L. C. becan operation | epproximately two vears ago. during | which time 1.953 loans, representing | a total of $11,374,827, have been made to Washington home owners who were | REAL ESTATE. THE EVENING STAR, WASHINGTON, House in Bethesda Changés Hands Francis H. Herger has purchased this attractive Cape Cod style home from the real estate firm of J. Charles Shapiro. Bethesda, Md. The dwelling, which contains six rooms and two baths, is located at 4818 North lane, ~—Star Stafl Photo, .AIR CONDITIONED Installation on 5 Floors at Kann's | Is Completed—Even Tempera- ture Provided. Work has been completed in air conditioning the entire four floors and basement of Kann's department store, Eighth street and Pennsylvania ave- nue, marking one of the first major installations of modern air condition- ing equipment by a Washington de- partment store. The system is one of the most mod- ern and most complete obtamable, and cools the air throughout uhe four major shopping floors of the large store. The beauty shop and numerous small rooms such as fitting rooms are included in the cool aic area. The system lowers the numidity in_addition to actually cooling tne air, affording the maximum in Summer comfort. The cooling plant will produce the equivalent of 400 tons of ice a day. A thousand gallons of water per minute | will flow througn hundreds of unseen pipes. There are more than 30 indi- vidual units throughout the store. Through thermostaiic control an even temperature is assured, RIDGE STREET 1S THREE BLOCKS WEST OF CONNECTICUT AVENUE AND ONE BLOCK NORTH OF CHEVY CHASE CLUB GROUNDS REPAIRS REQUIRED Refinancing Through U. 8. Aid Waits on Work. Investigations of applications for the refinancing of mortgages sn exist- ing construction received by the Mis- sissippi State Director of the Pederal Housing Administration show tnat 90 | per cent of such property is W need of repair. Before commitments for Petfectly insurance on these npplications can be issued. the direcor explained, these repairs must be made. For this rea- son it is expected that matecal in- crease in modernization work in the | State will be noted within the next few months. To date $46,400 worth of | == | improvements nave already been un- | dertaken by property owners. | Reports received trom the State Di- | i rector for Arkansas indicate that 80 | per cent of commitments issued for refinancing of existing construction ! require that repairs be made. Planned DETACHED HOMES 6 Spacious Rooms Detached Garage Quality Construction EXHIBIT HOME 4709 Forty-Sixth St. N.W. Between Chesapeake and Davenport Streets D. C., SATURDAY, VALUES OF FARM - REALTY INCREASE Index of Average Per Acre of Land for Year Ended March 1 Is 3 Points Up. For the second consecutive year farm real estate values in principal agricultural sections showed an in- crease, For the year ended March 1, 1935, the index of average value per acre of farm real estate, prepared by the Bureau of Agricultural Economics, indicated an increase of 3 points from a year ago and 6 points over 1933, when the lowest level of land values #ince before 1912 was recorded. ‘The developments of the past year brought the average value per acre as of March 1, 1935, for the United States as & whole, to a point 79 per cent of pre-war as indicated by the 1912-14 average. This level com- pared with 76 per cent of pre-war for March, 1934, 73 per cent for March, 1033, and 89 per cent for March, 1932, The continued operation of the forces causing the upturn in values a year ago have ben primarily responsi- ble for the further increase in farm real estate values during the year just passed. The influence of larger farm incomes, resulting from higher prices for agricultural products and from | benefit, payments, aided by a continu- | ation of the somewhat relieved credit conditions, removing in part the pres- | sure of forced liquidation, together with lower taxes on farm real estate |on some farms contributed materially | to the improved situation. | Just Completed A Charleston Colonial Home 511 UNDERWOOD ST. N.W. Double front porches 24 ft. long. overiooking Government rk. Living room about 14: Open fireplace. Dining room (Wagner way leading upst Teeratio i=r Upstairs, three bed rooms, which will' hold twin beds. Bath and a half. Two upstairs ped rooms eonnect with upstairs porch s, eabinets. Home. ~See it Sunday. JUNE 1, 1935. Gardens May REAL ESTATE, B3 Be Modernized Under F. H. A. Credit Plans Gardens, as well as houses, may be modernized under the modernization credit plan of the Federal Housing Administration. This Summe: those improvements to the garden which have been a dream of the home owner for the past few years may now be a reality, for under the modernization credit plan such improvements as are of a permanent nature and will add to the value of the property may easily be financed. Like a jewel in an attractive set- ting, the house which is surrounded by a well-planned garden will at- tract the eye more quickly. Its sale value will be increased decidedly, and it will prove an asset to the entire neighborhood. Information as to how plants, shrubs and trees may be purchased and planted with funds made avafl- able through the modernization credit plan is available at any local Federal Housing Administration headquarters. The beauty of a garden does not depend entirely upon growing things. A lily pond is a thing of beauty which would add to the charm of any plot. A rock garden may be adapted to many settings and Japanese gardens | are gaining rapidly in popularity. Bird rests can be built by the lovers of wild life. A flagstone walk, either as an ap- proach from gate to front door or through & flower garden, is & much- to-be-desired asset and a Summer house where tea may be served on warm afternoons offers another way to increased beauty and more com- fortable living. e NEW HOUSES OPENED 10 English Normandy Homes on Jefferson Street. The Horning Realty Co. announced ‘ today the opening of 10 new English- | Normandy style homes in the 200 block of Jefferson street. One of the houses ir the group has | been furnished oy Pslais Royal. It contains six rooms, twe baths and a recreation room. The homes sre lo- cated on one of the highest elevations i |in the Northwest section, and have southern exposure. Joseph Herbert was the architect for the projec 502 Goddard Road Battery Park, Md, Our price here is $9,150.00 and we belleve it & fair value BUT Laok it aver and then—if it meels Your requirements. make us an offer. With » rent you are now paying. This is a real opportunity. Direction. Out Wisconyn Ave. to Bank of Bethesda. Left with oy Tme to Battery Lane, then left to property, CYRUS KEISER, JR. 5211 Wiseonsin Ave. CL. 5331 This Brick Bungalow Will Sell Itself The second of a group of four new detached brick homes being completed in the 1000 block of Flower Avenue, Takoma Park, Md. 1011 Flower Avenue, Takoma Park, Maryland $7,350! The First Home of the Group Was Advertised Last Week End and Sold Within 24 Hours DRIVE OUT SUNDA REALTY Slate Roof Covered Concrete Porch Steel Casement Windows Full Screens Furred Walls Oak Floors Full Tiled Bath With Shower Paneled Fireplace Labor-saving Kitchen Factory-built Cabinets Console Type Gas Range Frigidaire Built-in Garage S Large Rooms Attic Spaciovs Enough for 2 More Rooms High, Light Basement with space for nice- Go up Piney Branch Road throuch Slige Park to Flower Avenue, them right two Blocks to the mew homes. or From Georgia Avenue in Sirver Spring 00 wp Sitgo Avenue to Flower Avenue, then right two blocks. oRr From Takoma Park go up Carroll Avenue to };lmnr Avenue, then left to the 1000 b on the verge of losing their homes. ‘The average loan for Washington is approximately $6.000, the highest for any section of the country. 4 The Capital's share of the new H. ©O. L. C. appropriation is not limited, but Mr. Seay warned thai unless ap- plication is in by June 27 it cannot be accepted by his office. ELECTED S.ECRETARY John L. Mitchell, for 12 yvears audi- tor of the Shannan & Luchs mgani- zation, and for one anG a half years a member of the Washington Chap- ter of the National Association of Cost Accountants, recently elected secretary of the Washington Cnapter of the National Ascaciation nf Cost Accountants for tne coming year Price 9,450 Frank J. Wagner Co., Owner: and Builders GOSS REALTY CO. 1408 Eye St. NA. 1353 J. S. Eaton—Sales Dept. MOSSGew Tower Bldg., 14th and K Sts. Metropolitan 1776 Evenings: Shepherd 1871 or Columbia 7685-W & Choice of Unusual Designs and Floor Plans 3339—~3343 Quesada st. N.w. Opposite Government Park o 6—7 Rooms Featuring BEDROOM AND BATH ON 1st FLOOR WRENWOOD is only a short distance from Chevy Chase Circle, on a high elevation of wooded sites, convenient to public and parochial schools, stores, churches and trans- portation. These homes are Washington's outstanding values and we know they will exceed your cherished expec- tations as to price, environment and construction. SALIENT FEATURES: Two Tiled Baths with Shower @ Steel Casement Windows ith Fi “G. E.” Gas Furnace ',",:.:“ e ol Stata ReoF Complately Tnoulated jose! Electric Refrigerator and Exhaust Detached Brick Garage Faa Copper Water Pipes, Screens 4517 RIDGE STREET Chevy Chase, Maryland Is Outstanding in Type and Value Consider These Features e ALL-BRICK FURRED WALLS SEVEN ROOMS TWOCOMPLETE BATHS Landscaped Lot, 50x125, With Sunken Garden Community one block Long Which Lessens Traf- fic Hazard and Reduces Attending Noise Taxes Less Than Same Size Property in District Stores and Transportation Within Three Short Blocks of Property J. Wesley Buchanan, Inc. Realtors $16 15th St. sized Recreation Room Automatic Hot Water Lot 50 by 130 Feet Northwest Park.. SHREWD BUYERS know what quality con- =7 struction means, and these English and Dutch Colonial homes in Northwest Park—the planned community—merit your inspection . ., . Priced from $9,450 up . . . Perfectly planned, all ma- sonry construction, 6 spacious rooms, detached garage, deep sodded lot 45x110, front lawn 43 ft. deep, Electric Health Kitchen, furred walls, water-proofed foundations, sub-flooring, latest sanitary fixtures, copper hot and cold water pipes, weather - stripping, bantam- type radiators and numerous other features which means the best your money can buy ... Come out today . . . Com- pletely furnished by Dulin Co., and open for in- spection every day and Sunday until 9 PM. Over 3,000 Cafritz Lifetime Homes Built and Sold Many Other Features Watch Next Saturday's Big Announcement a1l Woo) City Improvements Country Advantages ME. 1143 HEBE are the new, ontstanding Normandie homes you have been waiting for, Isuuhh!ll"y furnished—Containing Tiled Foyer and Clothes Closet, Large Living Room, 17'4”x16'4", with Stone Fireplace; Rear Stairway; Dining Room, 11'4"x14x6”; General Electric Knthen! f with Dinette and 17 Oxford Custom-built Cabinets; Electric Range; Refrigerator; Armstrong Inlaid Lin- olenm: 3 Beantiful Bedrooms of Large Size; 7 Closets; 1 Large Cedar Closet; 2 Colored Tile Baths: Basement Recreation Room. with Fireplaca; Basement Completely Plastered; Detached Garage: Large Lot. Beautifully Landscaped: Furred Walls; Calked: Weatherstripped; Sereened; 61 Electric Outlets; Highest Elevation; Southern Exposure; Near Schools, Transportation and Stores, Furnished and Draped by The Palais Royal Out 13th St. NW. to Kansas Ave.; out Kansas Ave. to Jefferson: right on Jefferson VY, block to homes. . Open Sunday and Daily 9AM. 109 PM. Furnished Home ® @ The Most Complete Kitchen You Have Ever Seen These homes may be reached from Chevy Chase Circle, right en Western Avenue, one block to Quesada Street. OPEN DAILY UNTIL 9 PM. “DETACH ED N 2408 NEW A Developers & Builders 3412 Rittenhouse St. CLev. 9142 Tower Bldr.—NAlL 9030 "STONE__.BUILT HOMES ARE BETTER BUILT”