| Show Rural housing loan program Explained by officials Families living in small rural area of 2500 or whether engaged or not engaged in farming may be eligible for the housing loans made by the Farmers Home according to Lee County Supervisor for Duchesne HOUSING program Is an important new tool in promoting the development of rural Chamberlain housing loans will not only help families obtain better homes but will put more and to and will increase the sales in lumber yards and building supply Housing loans are made fori the and remodeling of dwellings and essential farm buildings and to provide water for farmstead and household In addition to major funds are available to modernize homes add central modern and other home as well as to enlarge and remodel farm service buildings and put in related facilities such as paved yard and RURAL HOUSING loans may also be used for the construction of fall-out and storm The interest rate is 4 percent per year on the unpaid balance of the Loans may be scheduled for repayment over periods up to 33 The proposed housing must be adequate to meet the fam ily s needs yet modest in size and To be eligible an applicant must own a farm cr a housing site in a rural be without safe and sanitary be unable to obtain the needed credit from other and be without sufficient resources to provide the necessary housing on his own He must also have or be able to obtain sufficient Income to meet payments on existing take care of his other and made the payments on the proposed THE LOCAL County supervisor of the Farmers Home Administration will renew building plans and Inspect the housing construction as It progresses In order to make certain that the borrower obtains sound and acceptable The local county or area committee of the Farmers Home Administration determines the eligibility of FARMERS WHO NEED to enlarge or develop their farming operations in order to obtain enough income to pay for housing loans may obtain farm enlargement and development loans and farm management help from the Farmers Home Rural families who need emergency housing repairs may be able to obtain small loans for such purposes as repairing a screening and providing a sanitary supply of All loans arc secured to the extent necessary to protect the Government's Small improvement loans made in amounts of less than with repayments scheduled over periods up to 10 years may be secured by a promissory Other loans are secured by The Housing program also authorizes the Farmers Home Administration to insure loans for housing and related facilities for domestic farm These loans may be made to farm associations of state and local government units and non-profit FUNDS FOR these insured loans are provided by private The Farmers Home Administration will make and service the and insure their The total volume of insured loans may not exceed million in any one Further information on rural housing loans may be obtained at the county office of the Farmers Home Administration located at the Post Office OPENING SET FOR BYU STADIUM The new all-steel stadium at Brigham Young will be opened 2 at 8 p.m. with a football game against New Mexico The which will seat was completed in one AH of the steel was produced and fabricated in Utah Programs will be presented before the at half time and after the |
