Show 50 million now available for loans an additional 50 million has been made available to the farmers home administration for farm housing loans mr jay S fitzgerald the agen cys county supervisor announced this week ile he said that the new loan funds assure an adequate supply of this type of credit for eligible farm families during the balance of the fiscal year loans made so far this year plus those being processed had practically exhausted the funds previously available farm housing loans are made throughout the rural areas of the united states the loans provide farm faint lies iles with an opportunity to acquire an adequate house and efficient service buildings I 1 applications for farm housing loans may be made at the local office of the farmers home administration mr fitzgerald said the loans bear 4 percent interest and are repayable over a period up to 33 years the major demand in du besne c uintah counties is for loans eto construct and mod bernize farm houses and most of the funds are used for new construction t improvements financed with the loans include the installation stal lation of central heating and pressure water supply systems the addition of bathrooms and the modernization of 0 f kitchens t many local farmers also use the loans to adjust their service buildings to the changing requirements of agriculture A frequent example in this area mr fitzgerald said is the conversion of obsolete dairy facilities by the thereon con st ruction of a modem parlor and loafing barn 4 to be eligible a farmer famer must own a farm that will an dually produce for sale or home use at least worth of commodities based on an 1944 prices and be of sufficient value to adequately secure the loan in addition he must lack the resources obtain credit elsewhere and have sufficient income to pay farm operating and family living expenses and meet payments when due on his debts 1 |