A 380-page book, "How to Be an Operative Home Builder," has been published recently by the Housing Capital Corp., a subsidiary of the National Housing Partnership, based here.

This how-to volume ranges from a discussion on how to avoid wet basements to the intricacies of financing home building projects. A dozen area builders and industry professionals contributed information to the book that resulted from the first New Ventures School held here last spring by the HCC.

George M. Brady Jr., president of the parent NHP, said that the book is believed to be the first comprehensive volume on the development of a subdivision from beginning to end. He said that when the first one-week shcool was held last spring, no published textbook could be found to use in the intensive course.

Area builders and developers who participated as guest teachers in the school included Stephen G. Yeonas, Alvin D. Hall, Jack Alfandre Jr., Walter H. Magruder Jr., James P. Ryan, James I. Humphrey Milton E. Kettler and Marvin S. Gilman.

The presentations by industry experts were tape recorded and then edited for inclusion into the soft-cover book. Charts, checklists, tables and sample forms are included. Copies of the book are available for $35 postpaid from the Department of Corporate Affairs, National Housing Partnership, 1133 15th St. NW, D.C. 20005.

A second ssession of the New Ventures School was held here in March. CAPTION: Picture, NEW YMCA - Located on the formerly undeveloped northwest corner of 17th Street and Rhode Island Avenue NW., this new National Capital YMCA is expected to be ready for partial use later this month. Nottingham & Associates designed the seven-story brick structure. The George A. Fuller Co. was the general contractor. The new structure and its furnishing are tentively valued at $8 million., Photo by Jack Hayes