DFPA-NHIC Conference Revives 2O3(k) Hopes

New life has been pumped into Section 2O:J(k) of the National Housing Act of 196l by a task force of experts who gathered in Washington, D. C., for a careful examination of the FHA's newest home modernizing tool. The slow-starting program had been given up dead because of its lack of appeal to lenders and because of the complexity of the processing required, expecially in comparison to the simpler and more familiar Title I.

Douelas Fir Plvwood Association and the National Home Improvement Council co-sponsored the conference, which drew about 60 participants representing leading home improvements contractors, lending institutions and FHA.

The all-day session produced agreement that 203(k) is worth saving and has potential, but that some changes may be needed.

The first requirement for winning acceptance of 203(k) is an education program aimed at lenders, contractors, local FHA oflices and the public.