PATRICK LUMBER co.

Terminal Scles Bldg- Portlqnd 5, Oregon

Teletylr No. PD 54

Douglcrs FirSpruceHemlockCedcrr Ponderoscr crnd Sugcrr PineDouglcrs Fir Piling

35 Yeors Continuously Serving Retoil Yards ond Roilroods

Eostmon Lumber Soles Petroleum Bldg. Los Angeles l5 PRospect 5039

How To Apply For Slum Clearance Projects

Forms and instructions for filing of applications for temporary loans and capital grants for local slum clearance and redevelopment projects have been made available to localities participating in the Federally-aided slum clearance and urban redevelopment program, Administrator Raymond M. Foley of the Housing and Home Finance Agency, announced today. Contracts entered into will be subject to controls through which key steps in development of programs can be deferred if national defense considerations make that necessary in any locality.

The material now available covers the last step preparatory to the signing of contracts under which communities may proceed with land acquisition and other operations incident to the actual execution of slum clearance projects. Application forms and pertinent information concerning the four other operational steps in the program have been available to localities for several months. The four include reservations of capital grant funds, preliminary planning advances, final planning advances, and prior approvals of community expenditures.

The latest forms and instructions have been mailed to more than 150 participating communities which have established public agencies to operate the local programs. Also included was information covering the planning data which local public agencies must submit in support of applications for temporary loans and capital grants.

I 12 frlorkel 51. Son Froncisco I I YUkon 6-1460

Property Owners Warned

Property owners financing essential home repairs and property improvements with FHA-Insured Title I loans were \!'arned today by FHA District Director John E. McGovern to make a careful check of the prices charged and of the claims made by salesmen before signing contracts.

Several instances have been reported recently in which the dollar amounts of loans insured under Title I for repairs and improvements have been seriously out of proportion to the work done, Mr. McGovern said. In other cases reported, the abuses involved high pressure selling methods, such as unfounded claims about the virtues of the product, as well as inferences that because the FHA insured the loan, the Federal Governlnent guaranteed the product, materials and rvorkmanship. This is contrary to the circumstances as the Federal Housing Administration specifically points out that neither the lending institution nor the FHA guarantee the materials or rvorkmanship or inspect the rvork performed. This is the sole resoonsibilitv of the home orvner.

Lecses Kcriser Remanulcrcturing Plqnt

W. E. Upton Lumber Co. and Independent Building Nlaterials Co., Inc., Los Angeles, recently,leased the mill and distributing yard of Kaiser Community Homes at Manchester Boulevard and Florence Avenue, Inglewood. The new owners have modernized the moulder, installed a Turner resaw and a green sorting chain, and will add other new equipment. The plant will be used for remanufacturing redrvood, fir, and pine. W. E. Upton is president of both companies.