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For Belfer Service on the Pocific Coosf lNc. Phone Yovr Neorest H&M Office

Regionqf Soles Offices

FHA "Gertified Agency Progrom" Exlended to New Arecrs

The Federal Housing Administration announces the extension of the "Certified Agency Program" to include Oregon (except Portland), all towns regardless of size; Montana-all towns regardless of size, and Colorado-all towns regardless of size.

The original purpose of this program was to make FHAinsured loans available in smaller towns which have not, generally speaking, heretofore had the benefits of the FHAinsured loan program. IJnder this program, FHA will appoint lenders as approved mortgagees, and as agents of FHA in the communities affected and the entire processing orocedure will be done at the local level with the assistance bi nHe-approved and appointed appraisers and inspectors. The final papers will be sent to FFIA for mortgage insurance.

TWX: VN2299

This program has far-reaching implications for the home building industry and for retail lur4ber dealers. ft reduces red tape, and processing time, and brings to the smaller communities the benefits of lower down payments and longer terms, and stimulates local lender participation in the FHA program.

The success of the program in the areas included will depend to a great extent on the interest and support of retail lumber dealers, lending institutions, realtors and other groups. The retail lumber dealer in these areas stands to benefit from this program and FHA is depending on our support to help make the program a success, said the National Retail Lumber Dealers Association.

Moss Building Corp. has started Balboa tial subdivision in the San Fernando Valley, boulevard and north of Mavall street.

Park, new residenjust east of Balboa

STonley 3-t050; STote 5-8873 (Coll Toll Free from Son Diego ond Notionol Ciry-ZEnirh 8873)

Gorlood

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