The Chronicle-star combined with the Moss Point advertiser., 1942-06-09
NewFundsSe Sci
For Building
Critical Areas

kzf4H&H*Faflufs f1a#H Been autf4HH
2ed ~ begin operations under
TT fn0enl aznenansenta ~ u
Nalinnal Housing Art making
a*aIIahln eaahslaniAal nNw fnud
Co. e0ntinued private building
e waF housing ii designated eris
feal alea8 Federal HoasiaE Com
missioner Atner II FefRusan IN
nonHeed tndaS
IRE new Ieglslatssm increases b
600 the EIIAa authorize
ton 20 Insure loarx ~ private
lending Institutions Tor TIE cun
Afrulinn Of needed housing %
ciIitIe1 Tor waf workers nnde
Title ~ of M Act Other change
are $40 designed - facilitate war
AuaanK construction bv private
builders especially fN rent
II intErurtlng FILA offices e.
pTunheh unaxf tire new arsend
nseEsss COMMISSIONS Ferguson
stressed that only housing which
: uFRently needed Tor the var
effort and which Is - designed
e - effect maximum economies
n - 81 scarce materials would
b financed under the program
EVERY pfeeaufinn must ne tax
IN i avoid the possibility of the
nRagKinanntA h@lge considered Is
anY0nr Is encouragement 10 b
sin construction 81 housing whirh
Is uHa clearly essential for war
woFae1a or e begin construction
If essential war housing without
reasonable assurance that mate
Tkai arc available lor rs cofnplN
ton The commissioners declared.
Itere are no circumstances
which would uafrant parslcsps
ton h the program maae posi-
be ~ this legislation unless i
ean y determined that postpone
ment n The proposed housing
woula b. determined to the war
effort
In nEuer 10 qualify far FnA wn
housing Insurance commitments.
rund pfo5een must meet The
#I8ing tests 81. Ferguson *
Inc builder must hays pref
rating orders to secure crit
Kal materials o. msa1at present
esidHslcr that he necessary ma
teriak arr on hard ard thai the
War Production Boafd has amthuf
lied the starting of construction
Plans must ne nechecked ~
FHh offices To assure minimum
ttst IT critical materials
J There must ~ satisfactory.
assurance that lumber needed IL
coFnplcte the construction Is Oh
fafnAhle.
1 Materials required TO- utli
ity c~onnecti0ns must nos exceed
tng minimum standards e4tah
ltshed for war housing o. the War
Production Beard
5 Commitments wiil tot ~
issued If readBustmeals in present
q proposed wax industry oper
atlans have eliminated the essen
til reed for such war housing.
Tlse FHA field offices have also
ben authorized b The War Pro
duelion Board 70 extend exeep
liens from tine B0afas LAmitasiufa
Order L-l2l - permit completion
e J 1850 privately financed var
housing units located il 81 wa
industry areas n u states and the
District Of Columbia. Mr. rergu
son pointed out
Exceptions vii - limited 10
pro5ects already covered ty war
housing preference ratings on
which site Improvement - build
ing operations have already be
gun. and 70 lumber which cannot
BE ebizined from local retail n
venEWles Builders must ais
agree to hold the houses sor 81
dafS after completion Tor octupan
e. ~ war workers whose families
have moved into the locality vita
IN TIE preceding four months Tlas
houses must b offered for rem
q fef ssie 81 3 purchase Optioa
BASIS equivalent = rent
Exhaustion Of tie previous IN
suraEsce authorization OF $500.
oeQao had caused he FElA tenn
poTaFiiy - cease issuing insur-
aIsee commitments Oh loan appIi
caElozs under Title VI MANY
thousands o appfIea5Sons have
been proceSsed however.
TIE most important amend
merits contained Il the legislation
ere ~ follows
! Authorization IS . he e
eFegale aunsuaE q MORTGAGES Il
saFable under TIE = Is irereas
81 from $500 oao.h a4 70 $500 0o0
90 40 expiration azle q ire II
xnzzaee authority i extended
FROM July Z. 1872 - Jals l. 1913
Tne maximum an0snt 81
nages eligible fof insurance
an1u Section 6u1 IS inlreased
from $4,000 70 $50 FOR singh
ka9aIEf duellinas I.am s. e08 =.
- for tN0lam.lx dwellings.