The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-07-07
WAGE FARMERS
HELPED To
BUILD
Federal Housing and Realty
Corporation to Make Home
owning Easy.

An intensive home-building
campaign has been launched by
the Federal Housing and Realty
Corporation, with offices in the
Bond Building. The organiza-
ton; functioning in Washington
only a month, has already re-
ceived orders for construction of
twenty-five homes.
C. Edward Crump. head Of the
organization. a construction en-
gineer, explains the purpose OF the
corporation to lend financial assist
ance to men and women who
would seize opportunity to acquire
their own home for less than they
now pay for rent. The home buyer
is insured against loss by fire, sick
ness, accident and death.
Idea to Be NatiOnalized.
While the initial effort is tt
relieve shortage OF homes in and
around Washington, it is the pur
pose of the founders of the cor
poration to make this concern q
national institution.
The business Of the corporation
is to supply capital to wage earn
ers to enable them to build their
own homes. The organization is
prepared to finance home building
for it's own cooperative patrons
and to help any wage Garner to own
a home. The corporation carries
it's cooperation to the extent OF
aiding anyone who desires to own
home to earn the initial payment
required.
Under the Federal Housing
Plan" by which the corporation
will build homes for it's clients, 1t
is only necessary to make small
cash payment. Arrangements are
then made by which specified sum
of money is paid each month and
is applied against the total pur-
chase price Of the home. BY this
plan, in less than twelve years,
the home is owned by the pur-
chaser. free and clear If all mort.
cages and encumbrances.
Easy Ways Opened.
To the man or woman who owns
a plot Of ground outright the plan
offers the prospective builder an
opportunity to put up his own
home on the basis Of small cash
payment.
For the wage Garner who has
neither a plot of ground nor the
money required as initial payment
on a home, the corporations plan
Is to assist him to save for that
initial payment The corporation
offers the wage Garner substantial
returns in interest on savings and
additional earning possibilities
through participation in profits.
The home buyer is also saved
commission on mortgages and other
expenses incidental to purchasing
home of his own.
Insurance Features.
At any time within the first year,
after signing the necessary papers
for building y a home, should the
owner die, his widow will receive
In cash the money paid in on the
property, and in addition will re-
celVe the property free and clear
OF all mortgages and encumbrances.
Under stated conditions, in case
or death by accident, the widow
or children will receive not only
the money paid in, but also the
property free and clear Of all mort
cages and encumbrances, and, fur
tnermore, a sum in cash equal to
the purchase price.
should the owner be incapacitated
by illness during the first wear he
VIII receive sum each week equal
TO 9 OF l per cent of the cost of
the property for fifty-two weeks.
1nese insurance features are free
10 the home buyer and cost him
nothing for the first year, pro.
Vlded' he is physically able to pass
the medical examination of the in.
surance company.