Show r Civil Defense Notes f. f s The Federal Housing Administration Administration Administration Ad- Ad ministration issued the following following follow- follow August 1 1961 1981 i ing release on for fallout F I I concerning loans shelters Commissioner Neal J. J Hardy has ruled that fallout shelters will be an eligible i. i Item for insured loans under new the agency's L t I r tion program in included included in- in rehabilitation loans The Thc eluded in the 1961 Housing Act provide for insurance on with maximum maximum maxi- maxi f loans up to andr and mum terms of 20 years 3 of 6 r maximum interest rate t per cent for rehabilitation ofF of homes F individual Inside urban renewal areas the minimum amount of the loans has been set at 1000 and in other areas the minimum minimum mini minimum mini mini- mum is 2500 The loans areto areto are areto to be used to improve the basic livability of dwelling units The shelters could coWd be part of the overall rehabilitation of ofa a home or could qualify as a They bas basic i c improvement could serve in a dual role as laundry rooms dark rooms studies etc but will have to conform to standards of the theOffice theOffice Office of Civil Defense Mob Mob- and the who would make the inspections of fec construction Fallout shelters have been for some time authorized under under under un- un der the Title I property improvement im improvement improvement im- im provement program of for That program provides maximum insurance of with a maximum term of five years ears Under that program r there were shelters re reported reported reported re- re ported built in the United States the majority of them located in the midwest and plains states where they have doubled as tornado shelters also makes possible insured mortgage financing for homes built with fallout shelters This assistance is based baked on the belief that popular popular popular lar demand for home shelters will make it appropriate to re reflect re- re fleet all or a reasonable part of their cost in valuation tion This will make financing fi financing financing fi- fi generally available for shelter construction in new homes The Federal Housing Administration in keeping with a standing long-standing policy polley does not endorse approve approve approve ap- ap j prove or recommend any particular particular particular par par- type of shelter |