Ogden Standard-Examiner | 1920-04-21 | Page 3 | Aid Employes Secure Houses

1 EMPLOYES I SECUREHQUSES PITTSBURG. April 21. Important' industrial corporations in the Pitts-1 burg district are financing home build-.ing build-.ing operations by their employes to relieve re-lieve the house shortage i mill and mining communities. For the general public, trust companies have adopted similar plans, and are now accepting what they term "instalment mortgages" mort-gages" to encourage house erection. The most ambitious program of the lot Is that of the United States Steel corporation. Under this plan an employe, em-ploye, who is willing to make an initial in-itial investment of ten per cent of the total cost, is permitted to select from a large number of plans the kind of houses that will suit his family. He, then picks out a lot, usually near nls place of employment, and the corpora-lion's corpora-lion's architects and builders do the rest. When the house Is complete, it is turned over to the employe who pledges himself to pay for it in monthly month-ly Instalments covering a period of ten years, the total cost being just what the cost hns been to the corporation. Although the plan is scarcely a month old, the bureau in charge of building is already swamped with applications. i ' ' l' " " '" " " The Westinghouse Electric & Manu-' Manu-' Picturing company also has a building plan, and has just completed and sold to employes 50 houses at cost. They, too, are to be paid for on the instalment instal-ment plan. Another and much larger j program is in preparation. , The merit of these plans, builders 'say. is that materials can be purchased I in large quantities, and the saving Ipassed on to the "workman buyer, who " ' thus gets a much better home for less ' fjB money than i he had bought the ma- j ' I terial and erected the house as an in- diVWUal- oo 1 I