Salt Lake Telegram | 1934-04-20 | Page 16 | Million Jobs New U. S. Aim

MILLION JOBS NEW U. U 1 S1 S. AIM White House Approves Program Pro Pro- gram rani to Provide for Home Repairs WASHINGTON April 20 Ad JP-Ad- ministration orders were out Friday for a new anew vehicle to use on the road to recovery The projected machine would make available as much as in lumps of from to 2000 for the renovation or of small homes through out the nation he program was approved at a White House conference Thursday marking abandonment or of a previous proposal for heavy government spending spend spend- ing in mass home building and slum clearance The program calls calle for wide nationwIde publicity to persuade home owners to repair their homes The informational activities al also o would direct those interested to the proper offices Motion pictures speakers and md the printed page would be called into use Under the plan pan President Roose welt soon on will ask c congress to authorize author author- r. r ize he a mortgage guarantee corporation to casc case private borrowing by b home owners Without lending the m money ney ib- ib itself the ii-the the government would guarantee guaran guaran- tee the loans The proposed d corporation corpora corpora- tion linked closely with the Home HomeOwners HomeOwners' Owners Owners' Loan corporation would de t termine whether loans were justified then guarantee the mortgages of lend lend- ers The theory theor of the new plan is that thousands of t homes need remodel remodel- ing With money available officials believe a big boost could be given to employment a and f t to i industries d sup plying materials Unofficial quarters said the drive would reach into eri c every ty in the nation and if successful could provide up to jobs