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REAL ESTATE General News fljc J&erang Jiftaf REAL ESTATE General News WASHINGTON, D. C., SATURDAY, NOVEMBER 4, 1950 Sale of Housing Firm to Remove 850 Units From D. C. Rental Market On this page are views of projects undertaken in the last half century by the Washing ton Sanitary Improvement Co. to house low-income families. Above are flats on Bates street N.W. near North Capitol street. Transaction Brings End to Experiment In Low-Rent Housing By Robert J. Lewis i loal Estate Editor of The Star More than 850 low-rent dwell ings, acquired in one of the larg est single transactions here in re cent years soon will be removed from the Washington rental mar ket through sale to individuals, it was learned today. The dwellings are scattered in Northwest, Northeast and South west Washington areas, with al most half located in the area south of Florida avenue between (Continued on Page B-4, Col. 2.) FIRST TRUST LOANS On improved properties ond for construction Minimum interest rates. H. Clifford Bangs 200-2 Continental Bldg. 15th * K Sts. ME. 0240 | Correspondent—Home Lite Insurant* Company of N Y MONEY TO LOAN 1st Dood of Trust Only Minimum Intermat Rate* G. CALVERT BOWIE IS# it* 404-1 Washington Bldg. 15th and N. Y. Are RE. 7121 Correspondent—The mutual Lite Insurance Company of New York. The Western and Southern Life Ineuranee Co. of Cincinnati. SOLD by ; 1520 K St. N.W. NA. 5005 | You will find this sign on your home when you list it for sale with this office. Com# In or Call Ut For I fflST ACTION LOANS ON REAL ESTATE FAVORABLE RATES VARIOUS PLANS FIRST DEED OF TRUST ONLY RENTALS-SALES—INSURANCE GEORGE I. BORGER 641 Indiana Ave. N.W. NA. 0350 On the left are apartments built in the ’30s by the Washington Sanitary Impr ovement Co., while on the right are flats built earlier by the same low-rent hous Log Arm. The apartment and flats are on opposite sides of Half street, between O and P streets S.W. Homes shown above are in the vicinity of Raum street and Trinidad avenue N.E. —Star Staff Photos by Elwood Baker. Area Realtors Ready To Attend Parley in Florida Next Week More than 30 District area realtors are ready to attend the 43d annual convention of the National Association of Real Estate Boards to be held in Miami Beach November 12 to 17, Spokes men for real estate boards in this area said today. The sessions will draw several thousand realtors from all over the country to discuss problems facing the industry under new conditions posed by defense prep arations. Recent construction and credit controls will be discussed by Government officials and industry leaders at the convention. Among speakers will be Chair (See REALTORS. Page B-3.) [ TRUST I NOTES Reasonable Rates Prompt Service UJelUill buy Second Trust Notes Secured on Improved Property nationalmortgage INVESTMENT CORR UK N Y. AVE.,N.W.-NA5«33l Evirytfclng in Rial Estati Soli* tents Loom Insurance Sole Listings Invited. 1st Mortgage Leans. 4. 4Vi, 5% Interest. First Mortgage Notes For Sale. "Never e Loti to on Invertor" • jl ij ; I Save by Mail Your savings—$5 to $10,000— are welcome. Our Save-By Mail Plan makes opening on Account easy. Just mail check, giving correct name. Your Savings Book will be promptly forwarded. Savings Insured Up To tlOflOO District 2370 FIRST FCD6ML Sfl Vines MASS'D Conveniently Located: 610 13th St. N.W. (bet. F k G) (Nv Branch Of licet) J I I RESIDENTIAL I f HOMES WANTED | I i WASHINGTON MARYLAND ( VIRGINIA ( = For competent oppraisols and satis- j£ S factory soles, consult this estab- = |j lished firm of property specialists. = Call 1 BOSS & PHELPS, INC. | REALTOR. § 1417 1C ST. N.W. NA. 9300jf S TRUST LOANS '% JCTION LOANS J A LOANS M mult our • loan Division ^|| ONS ABIE LIFE J LANCE CO. 1 IHINOTON, 0. C Ap ML W. • RLtHllf MORTGAGE LOANS MONTHLY PAYMENT LOANS—FHA—CONSTRUCTION A INSURANCE FIRE—CASUALTY—BONDS PROPERTY MANAGEMENT BUSINESS LEASES H. L. RUST COMPANY 1ST. 1889 1001 15th Street N.W. NAtienel 8100 ili — Loans On Homes Long Term Loans With Moderate Interest Rates l H. G. Smithy Company ail IMh St. N.W. ST. 3300 Mortgage Representative—Travelers Insurance Co. PROPERTY MANAGEMENT—SALES—LOANS—INSURANCE Specializing In the I S A L E~| Of Commercial & RESIDENTIAL I Property —a- ' jf-f-—4— mmmm--v< ■ 111 Realtors since 1906 1505 H Street N.W. NAtional 2345 — ...... _ ^ F For the Soundest...Low Cut mORTGRGE r> lords 1 , My on Our Halt Century of Experience Our speciolists are familiar with ony and all mortgage loans ond can surely advise you of the type v. i best suited to your requirements. FHA ond Conventional Loans Established 1 • tm* ^BHKKKKBtKtam HHHHHSBBHi THE WASHINGTON LOAN AND TRUST COMPANY S Alfred H. Lawson, President F Street ot 9th N.W. e 17th Street of G N.W. ''MEMBERS i F«d<»l Deposit Insurance Corporation e Federal Reserve System . r