California Building Permits for June

Tide I Loans in Southern California $3,500,000 for First Quarrer

Essential repair and maintenance programs continue to hold first place in construction importance in the Los Angeles Federal Housing Administration office according to Wilson G. Bingham, Southern California district director. "ft is an interesting observation," he said, ,,that during the first quarter of 1942 there were nearly 10,000 Title I cases insured, which involved loans of about $3,500,000. Primarily these loans were either Class I or Class 2 which requires that the expenditures of loan proceeds be only for alterations, repairs, improvements or conversions upon or in connection with existing structures-and that the resulting housing be primarily for war workers.,'

The urgent need for conserving critical war material results in a sharply curtailed new house construction program. Nevertheless, dwelling units are needed for war workers and many units can be developed through the activities of conversions of single families into doubles or triplexs, or making additional habitable quarters by adding rooms-enclosing patios, porches or the like.

"Obviously purely luxury repairs or luxury remodeling should be postponed," said Mr. Bingham, ..but essential repairs for the purpose of preventing deterioration or decay or a wasting diminution of physical value are considered appropriate purposes for Title I loans. Such essential work undertaken promptly usually involves only small sums which are richlv warranted many times over through maintenance of values and by avoidance of major ,"p"i* that might otherwise accumulate later on.,,

Loans to finance essential repairs may be secured under the Title f program in amounts up to $2,50O from qualified lendirrg institutions in all parts of Southern California. Such Ioans are repaid in equal monthly payments, with maximum terms being subject to the provisions of the Federal Reserve Board's Regulation W.

The Title f program also permits loans for remodeling or converting existing structures in the designated war in-dustry areas to provide additional living accommodations for war workers. Loans for such purposes may involve amounts up to $5,000 with terms of as long as Z years.

Las Vegas Having Big Building Year

Las Vegas, Nevada, had its largest building activity during the first six months of 1942, according to the report of R. S. Norton, city building inspector. A total of 67g per_ mits with an estimated valuation of $2,L24,210 were issued during that period due to a large extent by the construction of the country's largest magnesium plant.

Building permits were for 452 single dwellings with a valuation of 91,502,504; 19 duplexes with a valuation of $1O7,196; 83 multiple family'dwellings to cost g47,675; 46 commercial buildings valued at $203,650, and alterations to ,t4 e'xisting commercial buildings to cost $58,235. Construction was also started on three hotels with 103 guest rooms, estimated to cost $105,000, a $21,375 addition to the city hall, and a $10,000 annex to the Clark county hospital.

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