Evening star. [volume], July 12, 1947, Image 11

About Evening star. [volume] (Washington, D.C.) 1854-1972

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REAL ESTATE WASHINGTON, B. C., SATURDAY, JULY 12, 1947 CLASSIFIED ADS B
FHA Approval to Build 5,019 Units Sought Here in Month, Breaking National Record
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Shown in these pictures are examples of housing being constructed in the District area with
FHA-insured financing. Above is part of project of semi-detached houses at Central avenue and
Fifty-fourth street S.E. being built by Southwest Construction Corp. for colored families.
- «
14,300 Dwelling Units Involved
In Applications for Year
By Robert J. Lewis
Real Estate Editor of Tho Star
In the single month of June, District area individuals and builders
applied to the Federal Housing Administration for mortgage insurance
to build 5,019 new dwelling units—breaking all monthly FHA records
for a regional office and boosting the total for the fiscal year to more
than 14,300 units.
' Mortgage insurance applied for here during the last year amounts
to more tnan 5100,000,000, James A.
Hewitt, District FHA director said.
Besides being a banner month for
the District office, June also broke
all national FHA records for volume
of mortgage insurance applications.
43,755 Units in Jane.
Raymond M. Foley, FHA commis
sioner, said applications involving
new construction during June cover
ed 48,755 new units under all sec
tions of the National Housing Act.
Thus, the District total amounted to
more than 10 per cent of the na
tional total.
The national total was the largest
volume of units in any single month,
surpassing the previous high of
43,246 new units set in March, 1942.
The amount was more than five
times the volume in June a year
ago and represented an increase of
nearly 25 per cent over April, 1947,
the previous high for the year,
Mr. Foley said.
Of the total applications received
during the year in the District area,
FHA already has committed itself
to insure mortgages on 9,234 units,
of which 5,174 were units in large
scale rental projects and 4,060 were
in one-to-four family projects for
sale or rent, or for individual owners.
$1,800 Per Room.
In FHA's so-called large scale rental
program (projects having eight or
more ifnits) mortgage loans of up to
90 per cent on current replacement
costs are granted' on the basis of
up to a maximum of $1,800 per room.
The one-to-four family program is!
in;two parts. Under one part, mort-|
gage loans of up to 90 per cent of j
(See LEWISTPage B-3.)
District Rental
Housing Picture
Applications for rental housing in
the Washington area filed at the
District Housing Center, 1400 Penn
sylvania avenue N.W., totaled 743,
during the last week, of which 696
were for dwellings and 47 for rooms.
In the same period, 66 dwellings
and 168 rooms were listed for rent.
Applicants were classified as fol
lows:
Veterans
and Non
service- service
men persons Tot al
Just, arrived_119 11 130
Separated from
families _ 93 6 99
Unreasonable dis
tance to com
mute _ 8 2 10
Evictions _ 63 27 90
Desire to move
from public
housing _ 18 1
Present housing
inadequate _ 365 48 413
Total ....... 649 94 743
Given Will Speak
Kingsley W. Given, of the General
Electric Co.’s chemical department,
Pittsfield, Mass., will address a
luncheon meeting of the Washing
ton Building Congress in the May
flower Hotel at 12:30 p.m. Monday.
His subject will be ‘‘New Chemical
Developments.”
Gadgets
New Faucet Washers
Unusually Durable,
Resist Erosion
By Hilson Munsty
Faucet washers are In constant
need of replacement. Changing them
is not difficult, but is an annoyance
Though the regulation type ol
washer is screwed into the faucet
stem, a particular form has spring
prongs of monel metal that lock
to the washer retainer shell while
being screwed into the faucet stem.
When the retainer shell is drawn
up tightly to the faucet stem end
the prongs automatically disengage.
The installed washer will swivel
freely and prevent any friction be
tween the face disk of the washer
and the seat.
When installed the washer will
not fall out or rattle. It is faced
with a tough disk material that
will retain its resiliency for a long
time in water of any temperature.
The washer is not the only part
of the faucet unit that creates trou
ble. The seating for the washer
will often corrode and when it does
it has to be ground down to a
smooth surface. To overcome this
difficulty, the same company manu
facturers a replacement mode of
monel metal to resist erosion that is
the cause of unsatisfactory seatings.
It is equipped with a sealing gasket
made from a composition that
will fill any cuts or crevices in the
old faucet seat surfaces. The seat
ing is made with a screw thread
that will cut into the faucet seat base
when it is driven into the old seat
ing. This thread has compressible
lugs cut into the faucet seat base so
that it will be tight and secure.
It can be removed easily with a
special tool supplied by the manu
facturer.
^Released by
Consolidated News Features. Inc.)
*
Small-scale rental project with FHA-insured mortgage financing which is being built by
Gino Pellosi in 1600 block of Twenty-ninth street S.E. is shown aborc.___
D. C. Building Permits
Show Increase of
$461,000 in Week
Building permits issued during the
last week by Robert H. Davis. Dis
trict building inspections director,
totaled $759,046, an increase of
$461,836 over the previous week.
Permits for 80 dwellings were in
cluded among this week’s total.
Permits of $10,000 or more were
as follows:
Steuart Brothers, Inc., 1012 Fifth street
N.W., owners; Clarence W. Gosnell, Inc.,
1414 Monroe street N.W.. builder; John
D. Cobb, 1727 K street N.W., architect; to
erect 32 two-story brick and cinder block
dwellings; 601 to 45 and 701 to 45 Fara
day place N.E.: to cost $224,000.
Ethel M. DeLimur. 3224 R street N.W.,
owner; William D. Lipscomb At Co.. Inc.,
Woodward Building, builders; F. Burrall
Hoffman and T. W. Dominick, 1122 Nine
teenth street N.W.. architects: to erect
one three-story stucco, brick and concrete
dwelling, addition; 3224 R street N.W.;
to cost $160,000.
Claire Apartments Co.. 1019 Fifteenth
street N.W., owner; builder not selected:
Edmund W. Dreyfuss, 1010 Fifteenth street
N.W., architect; to erect three 3-story
brick and cinder block apartments. 13
(See PERMITS, Page B-3.)
Home Depreciation Urged
As Tax Deduction Item
I
Two representatives of the Nation s property owners this week
urged Congress to permit Individuals to deduct depreciation on their
residences for income tax pui poses.
Appearing before the House, Ways and Means Committee, Herbert
U. Nelson, executive vice president of the National Association of Real
Estate Boards, and Artnur w. umns,'
president of the National Home and
Property Owners’ Foundation, urged
passage of the Knutson bill to
amend the income tax laws for this
purpose.
The bill would allow Individuals
to claim the same tax deduction for
maintenance and depreciation as is
now allowed owners of rental prop
erty, it was explained.
Mr. Binns contended the present
tax structure “discriminates against
the home owner,” citing the follow
ing examples:
“Example 1—A owns two houses.
They are next door to each other.
He lives in one house and rents the
other to B. He may take deprecia
tion allowance on his income tax
for the house he rents to B but
may not take this allowance on
his own home.
“Example 2—A and B live next
door to each other in row houses
which are identical in structure.
Each owns his own home and there
fore may not deduct for deprecia
tion. However, A moves into B’s
house and pays B rent and B moves
into A’s house and pays A rent
In this way each may take the
deduction.”
Mr. Nelson said the average home
owning family could save an aver
age of $24 a year if the bill were
enacted.
He pointed out that although a
home occupied by its owner is
regarded as a capital asset and not
as consumption goods, deduction for
depreciation is not allowed on it.
Another FHA-insured project is development of single
homes near Landover, Md., part of which Is shown above, being
built by Radiant Valley Development Corp.
—Star Staff Photos by Sidney West.
Questions and Answers Clarify
National Rent Act Provisions
The National Rent Control Office, I
which will have charge of enforcing
the new rent act permitting 15 per
cent voluntary increases in exchange
for leases extending until December
31, 1948, has issued a set of ques
tions and answers clarifying pro
cedure under the law.
The new act, which extends rent
control through February, 1948, is
now applicable throughout the coun
try, except in the District, where
rent control remains under the Dis
trict Rent Control Administration.
A bill to extend the District rent
law without a 15 per cent increase
has passed the House and has been
reported favorably by the Senate
District Committee. It would ex
tend District rent control through
March 31, 1948. After that time,
Washington owners would be free to
raise rents by whatever amount they'
wish, unless a new extension of the
law Is enacted.
Questions and answers on the
national rent law, applicable to
housing in nearby Virginia and
Maryland, follow:
Q. Must a tenant sign a lease
providing for a 15 per cent increase
in rent?
A. No. The Housing and Rent
Act provides that such agreement
must be voluntary. The tenant who
does not sign such lease is still pro
tected by the rent regulations.
Q. May a tenant be evicted if he
refuses to sign a lease under the
provisions of the new act?
A. No. The signing of such lease
must be voluntary, and a tenant
Civil Engineer
JOHN G. AHLERS
Solution ot Construction
Problems—within a budget
Wanted engineer to ltart from scratch hut
with qualifications which could eventually
lead to partnership. Send letter in own
wrltlnr
9701 N St. N.W. Mich. *344
may be evicted only for one of the
five specified causes set forth in
the Housing and Rent Act of 1947.
Q. If a tenant does not sign a
lease providing for an increased rent
up to 15 per cent, what is the maxi
mum rent he must pay after July
1, 1947, and as long as the present
act continues in effect?
A. The maximum rent in effect on
June 30, 1947, as modified by any
subsequent order of the rent di
rector.
Q. If a tenant does not choose to
sign a lease providing for an in
creased rent, and he is threatened
or coerced by the landlord, what
action should the tenant take?
A. The tenant should immediately
report such matter to the area rent
office.
Q. How may a landlord Increase
his rent by not more than 15 per
cent as provided in the act?
A. A landlord may increase his
rent by no more than 15 per cent
over the maximum rent if his ten
ant, on or before December 31, 1947,
voluntarily enters into a written
lease expiring on or after December
31, 1948, provided that he complies
with the filing requirements.
Q. If a landlord and tenant make
an oral agreement for a rent in
crease of not more than 15 per
cent without signing a written lease,
does this increase the maximum
rent?
A. No. No increase in the maxl
mun rent of the unit is permissible
based or an oral' agreement; there
(Continued on Page B-2.)
| "Spedolixinginthesale|
of investment property" W
A. S. Gardiner & Co.
1631 L St. N.W. NA. 0334 M
1 J. NOBLE BOAZ 1
*' _ Realtor
Specializing In Hornet £
Since %
1926 |
7424 Wisconsin Ave. Betfcesdo 5
Wisconsin 7500 &
1st Mortgage Loans |
Salat—Xante—Insurant*
Consult us without obligation
PHILLIPS, CANBY A
FULLER, INC.
NA. 4600 1010 15th StrMt N.W.
Wc specialize m seffiif I
residential property. |
I Over 25 years service in §
I D. C., Maryland and Virginia
| List Ytttr Properties
S With Us for Sale
1 MARSHALL J.WAPLE Co.
r Kealtor
I 1004 14th It. N.W. DI. 5340
jglglBIBaiBIBIB5glBMaiBlgaSfaBIBrBIBI5
■ <1
i
»■
O' 3
We will bey deferred
purchase money sec
ond trust notes se
cured oa improved
property.
COLUMBIA MORTGAGE
COMPANY
111 Wsedwarl Hi*.
NA. TOM
E group of 20 brick homes, 1
$11,250 end $11,750. 1
led for full Gl loons. 3
§j Located at 40th and Blaine I
j§I Streets, N.E. S
| Oar representatiro will Im on prom
1 inn from 8 till dark Sunday. For j
j|j further Information call Mr. Latona, |
I NA. 1787. , |
§} Directions: Out Benning Rd. to (
pj Minnesota Ave. right on Minnesota l
Are. f blocks to Blaine. St., left on !
HOME
LOANS
! For Refinancing
Purchasing
Remodeling
\'A ;
• Lowest Interest.
Cost computed
| each month on
unpaid balance.
• Easy monthly
payments that in
elude interest,
taxes and insur
ance costs.
] Now Selling in Hitlmeod, Md.
Starting at $10,750
leautifui, 2-bedroom homes built j
and for sale to veterans. Extra
large lots, masonry construction, |
insulated, caulked and weather i
stripped. Fully screened. Sewer, j
water, gas and electricity. Street i
will be paved at no cost to pur- I
chaser. Gas a.-c heat. We now {
j have in this location for sale to i
veterans 10 3-bedroom houses
about ready for occupancy. A rep
resentative will be at houses Sun
day, 3 to 6 P.M.
To inspect: Go out Old Georgetown
Road 2 blocks past Suburban Hos
pital,' turn left on Green Tree Road
(at Baptist Home sign) and to %
of a mile to bouses.
Built and for sola by
Owners
821 Investment Bids. DI. 1481
Since 1874
Efficient Property
Management
RIAU0j TION
1737 K REALTORS BE. 1133
Accredited by \
"Institute of
Real Estate Management’’
• No commissions
*V
and no renewal
| fees—liberal pre
payment privi
leges.
• Payments by mail
made easy.
,f k
Wa alto u/ateoma
(applications for
Votorant' Homo Loans
.
District 2370
HRST KDflML
<flVinOS HDD LOUD
jssocmtiod
Conveniently Located:
(10 13th St. N.W. (Bet. FAG)
(No Branch Offices)
F. H. A. LOANS
Construction Funds Available
For Titles 603 or 608 Financing
Prompt Courteous Service
W. Ernest Olfntt
15*4 K Strut N.W.
Republic 81S1
MONEY TO LOAN
1st Deed of Trust Only
Minimum Intar mat Kata* |
G. CALVERT BOWIE
Suite 404-8. Waabinttah Bids..
15th end N. T. Afk.. RB. 7121
Corrttuondtnt—Tht Mutual Lit*
tuiurauea Comaant at tt*w York
LOANS
OH
REAL ESTATE
Vsriena plus, Inetadlns leu-1 cm
■Mithly Nrmste. st fererskle rets
FIRST DEED OP TRUST ONLY
RENT A IS 8 AIRS —INSURANCE
OEORGE I. BORGER
648 Indians An. N.W.
NA. 0850
I PAY FOR YOUR I
I
j WITH A I
MODERN DIRECT W
REDUCTION LOAN f
A i i a i 1 • payment each
month pay* principal,
iatereat, taxes and insurance
★ NO RENEWALS
ir NO COMMISSIONS
* NO APPRAISAL FEE
LOW INTEREST RATE
Consult Mortgage Loan Dept.
EQUITABLE LIFE
INSURANCE CO.
816 14th St. N.W.—RE 6161 .
FENCES
CONTINENTAL CHAIN LINK
WOOD -i- IRON
Easy terms arranged
Soli and Sreetei by
LANE t MmBRYDE, Ine.
9th fr Everts St. N.E_HO. 6600
|| • SALES •
j • RENTALS •
• FINANCING •
•INSURANCE•
JOHN H. d® SIBOUR 4 CO.
j REALTORS
| 17 Dupont Circle—MI. 6300
Apartment House Loans
"The Travelers” offers favorable
terms and Interest rates. Let us
help you In the financing of
new or already constructed proj
ects. Conventional or r. H. A.
H. G. Smithy Company
811 15th St. N.W. NA. 5803
Mortgage Representative—Travelers Insurance Co.
noniR MANAGEMENT—sales—loans—insurance
!
Real Estate
Sales—Rentals
Insurance
Mortgage Loans
Property Management
Randall H. Hagner & Company
INCORPORATED
realtors
1321 Connecticut Ave. N.W. Telephone DEcatur 3S00
^^^NEVE^GAINSUCH VALUE! JS&
Ag ,. they are the Merest <X,
H value in Mt. Pleasant, QC
S only one block west VS
■ 16th & Columbia Rd. <xj
S Overlooking Rock VS
Creek Park and only 6 VS
H minutes by auto to the ^
■ 1711 Harvard St. g
H Open Snndnr. 1 to dork Xr
■ Price, $12,950 8
■ $5450 Cash « .
H Balance $56-25 Month <V
I Shapiro |
13 -Buv Word lor the Vest tn Hornet and Homeittei” >OJ
^^011 15th St. N.W._
I