OCR Text |
Show Business Men Build Homes . ROCHESTER, N. Y. In this modest city of 325,000 population, 15 business firms have organized to whip the housing shortage by building 114 more houses and renting rent-ing them to 228 families for $45 or less. It is not its first such housing hous-ing project. Two previous developments devel-opments have been begun, with one of them already completed. The newest housing plan calls for an outlay of $1,500,000 and will be the largest of the three. The non-profit corporation that is setting up the new units is composed com-posed of Rochester business firms, representing a cross section of the community's economy. In the newest development, with units renting for $45, each family will have two bedrooms, a living-room, living-room, combination kitchen and dinette, di-nette, and full basement. "There's nothing like it in the country, according to the Federal Housing administration," said Harry Ruppert, city real estate advisor ior the new corporation. The corporation got land for the developments from the city, which provided it from areas taken over for taxes and declared "blighted." Rochester has no permanent per-manent housing settlements subsidized sub-sidized by federal or state governments. govern-ments. The projects are tax-exempt, but Ruppert said they cannot be considered as subsidized because the city will be able to recover back taxes through the sale of the improved properties. |