Provide More Room. .
. A Long-Felt Want About to Be Met. . . 200 Renting Houses to Be Erected
High Point will organize a housing corporation to erect some
200 dwelling houses in High Point which will be let to citizens on a rent basis
with privilege of buying, following out the plan adopted by the Reynolds of
Winston, the company in Greensboro recently formed and other cities who have
made a success of the venture.
The corporation will have a capital of a quarter million
dollars. The project will relieve almost unbearable conditions here in the way
of renting houses.
R.B. Terry has been named chairman of a committee which will
secure data on the proposition, and another meeting of business men will be
held soon, at which time the proposition will be taken up, data available submitted,
and active steps for organization of the corporation taken.
Two prominent business men have already signified their
willingness to invest $25,000 each.
Business men declare they will have no trouble
in forming a $250,000 corporation, or an even larger one should it be
necessary.
Several sites for the proposed development have already been
inspected, but no definite selection has yet been made, nor will it until the
merits and demerits have been thoroughly discussed.
It is not believed there will be any difficulty in securing
a street car extension to whatever site is selected. A tract of 50 acres, as
close in as possible, will probably be purchased. This will give room for four house
to the acre of land, and will provide the home with a good sized lot for a
garden and lawn.
The type of houses to be built has not been discussed yet,
but will possibly be of five or six and seven rooms. The purchaser will pay for
them just like renting a house, or much on the same order as the operation of a
building and loan association.
Practically the same scheme is being followed I other
cities, where housing conditions have become congested owing to the let up on
building operations during the period of war.
In High Point housing conditions are admittedly critical.
Many more people would come to High Point, but they find the problem of
securing a place to live almost an insurmountable one. Business men have not
been slow to realize the fact that the future development of the city depends,
in a large measure, on its ability to house new citizens. They are determined
to make every effort to relieve this condition, and to start operations as soon
as possible.
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