The Federal Housing Administration has announced that synagogues may borrow money under the National Housing Act’s “Modernization Credit Plan” for the repair, improvement and modernization of their properties.
The Federal Housing Administration is encouraging the renovation and modernization of churches and schools as well as homes, farms and business properties. Under its credit plan church organizations may borrow a sum up to $2,000 for modernization purposes and repay the loan in installments.
Any synagogue requiring a new roof, redecorating, additional plumbing, heating, lighting equipment or other permanent improvements may obtain a loan through a bond or other landing agencies approved by the Federal Housing Administration. The Administration insures loans of banks and similar landing agencies.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
