Evening star., 1934-07-28
August IS Tentatively Set
for Governments Gigantic
Campaign.
SERIES OF BOOKLETS
SOON WILL BE ISSUED
Operation of Recondition and I'm
provement Rules to Be Ex-
planned; Contest Stimulant.
by VINCENT TUTCHING.

A network Of regional Offices. eX-
tending through each OF the 48 States,
is being developed by the Federal
Housing Administration preliminary
to launching its Nationwide program
for property rehabilitation and new
construction.
When the Governments gigantic
plan is laid before the country's
financial institutions, industries and
owners Of real property. the F. H. A.
expects each section of the United
States TO be prepared TO assume
responsibility for the operation Of the
far-reaching program TO pull the
capital goods industries out of the
doldrums.
The regional offices of the admins
tration are being set up along lines
similar TO the Home Owners Loan
Corp. plan, except that they
are being established With an eye to
permanency, while most of the Fl. o.
L. G. Offices are expected TO remain
In existence only until the middle of
1896.
In one or two cases. the established
Office facilities CT the H. o. L. G. are
being utilized by the F. H. A., but
in more instances the regional Offices
of the National Emergency Council
are to be used It is understood the
housing administrations State head
quarters will be manned with per-
sonnel sufficient TO handle the ex-
animation of private lending agen-
cies for the issuance of insurance
against 20 per cent Of their loans
for modernization, check up on their
loans and handle ether business that
may develop later from the operation
of the administrators mortgage
financing activity.
M0derniEati0n Campaign.
August is has been tentatively set
as the opening date for the Nation
wide property modernization campaign
by the F. H. A.. Housing Adminis-
traitor James A, Moffett said today.
BY that time, he believes, the pre-
iminary work will be completed, his
organization viii be geared for the
big job ahead of 1t and full pro-
gram of policies and principles will
be agreed upon.
Business man that he is, Moffett
Is feeling his way" as he proceeds
with the task of assembling the ma
chinery TO administer the national
housing act His theor-r is to avoid
whatever mistakes he can at the out
set. and TO assemble as near perfect
an organization as possible. Hence
the delay in getting the program in
operation. But 1t is one of those
delays that makes for greater eff
cheney in the long run, officials of the
housing administration contend.
Despite the confusion that has
been caused during the past week at
the F. H. As quarters in the new
Post once Building, mostly by job
seekers and lack of adequate space,
Moffett's lieutenantS have been able
to make considerable progress, both
on the modernization program and
with respect to the mortgage fnanc-
ing set-up.
Within q few days, Albert L.
Deane, deputy administrator in
charge of modernization, expects to
issue the first of series of booklets
dealing with operation of the property
reconditioning and improvement pro-
visions of the act.
First in Preparation.
The first of these pamphlets is be-
ing prepared expressly for financial
institutions, giving them rules and
regulations governing the making of
loans up to $4,000 for property
modernization and instructing them
how to consolidate their activities in
this field with the housing admins
tration.
Another booklet viii be addressed
to property owners giving them in
formation on how the credit is being
made available and outlining pro-
cedure for applying for loans for
modernization.
A booklet for contractors and
building supply men also is under
stood TO be "in the hopper" outlining
for them the manner in which they
will work into the credit plan.
Confidence that banks would CO.
operate in the Governments home
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