Show questions on gov modernizing plan are answered 1 what la is tho the housing administration program government aid to modernize and repair homes to stimulate building trades find and heavy industries in dust rles to loosen loo soil private capital 2 how will it operate ny by modernizing homes all fluid buildings now in ili nee ngod I 1 of repair will give giro work aid st steel acl lumber hardware cement copper brick machinery ina chinery and other industries 3 who is eligible for loans any property owner individual partners partnership lill or corporation corpo atlon with a regular income from salary commissions miss missions lons business or other assured source dource loans will be made largely on oil character basis without co ti makers lakers or Indor sors 14 4 how much can be borrowed from aloo to 2000 depending on oil tile income 6 5 where asin the money babor be hori rowed 1 7 from any national state or industrial du bank trust or finance companies tipp approved royed by tile the ile housing administration 6 what kind of property la Is eligible for loans ono one and two family residences apartment balli buildings lings stores office buildings factories warehouses ind and farm buildings 7 what security la Is necessary income of the signers of note must lio be five dinas the annual payments mortgages it if any inus must t bo be in good order and no past duo due tells 8 ig 19 a mortgage necessary no only tho the promissory note insurance by tho the government provided in tho the housing makes them unnecessary 9 what ahat signatures are arc feces enry only that of tho the property owner and wife or husband it if mar married rica 10 itow long louir can bo be taken to repay 1 prom ono one to three years three to to five year notes note s may inny be anade with special arrangements ll 11 how are payments to bo be made regular monthly or seasonal payments Pre payments and morel more than required payments can be made 12 chero at any place of business with whom tho loan has haa been made NOT to any government office 13 who governs loans I 1 tho the local institution jhb loans tire primarily local with private capital the government only acts n na an agent to protect tho the lauk bank ll 11 l l what does docs this credit castl interest anti and or discount may not lie bo moro than 5 per year per 16 15 can present mortgages bo be re 1 instated yoi administration expects to be ready on tills this phase by october |