The Bridgeport evening farmer., 1916-08-09


 Housing Company be formed at once with a capitalization sufficient to in- sure the erection of 1000 new dwell- ings in Bridgeport which will par tlally meet the demand for at least 5000 homes; that the company build houses and apartments for rent main ly in the partly built up sections of the city, providing four rooms and bath for rentals ranging from $500 to $25.00 month and that in addi- tion to houses of this kind the com- pany should provide especially single family dwellings for sale on easy terms, located preferably in the su- burban districts where land can be obtained at a reasonable cost. He also recommends that the company cooperate with families that have &C., quired titles to building lots but have not yet built upon them by providing suitable house plans and definite in- formation obtained from local con- tractors as to the cost of building, making readily available more money for home building through co-opera- tion with building and loan associa- tions and banks and that the company should facilitate, so far as it can, broad city planning Improvements recommended for Bridgeport, especi- ally those relating to main thorough fares, parks and the redistricting of the city.
 "The Bridgeport Housing Company is being organized, not as philan- thropy or a charity. It is simply a business-like effort to help solve the housing problem in Bridgeport on sound econornic princinleS The people who will buy or rent from this company will pay for every- thing they get-but for nothing else. The rents or sale price will be fixed to pay interest, sinking fund, taxes upkeep and management. "The company is being formed for the purpose of engaging on a large scale in the business of buying and developing land and providing desir- able attractive and sanitary homes at a moderate cost or rental for per- sons desiring to purchase or lease the same.
 'sIt proposes to assist in permanently solving the increasingly difficult hous- ing problem on the lands under its control, by the following methods:
 "1. Scientific planning along ad- yanced lines, determining the charac- ter and arrangement of roads and houses, thereby securing the best and cheapest results.
 "2 Wholesale operations and em. cient management, thereby effecting economies in construction: "3. The use of durable materials, thereby saving the serious deprecia- ton of cheap frame dwellings. A. Limiting the number of houses per acres. thereby avoiding the evils of overcrowding.
 "5, Providing for community build ings and playgrounds, thereby pro- noting the social life of the neighbor- hood.
 "6. Eliminating excessive profits. the earnings over per cent. being used for the benefit and development of the property.
 ''7. Distributing the payments for the home over a period of years, thereby bringing it within the reach of all who desire to improve their home conditions.
 ''8. Assisting the workingman to own his home by providing a financial | scheme of small regular payments, within the limits of his wages. "Recognizing that the housing situ- ation in Bridgeport is growing more acute daily the members of the hous- ing committee believe that the con- tinued success and efficiency of the present manufacturing establishments of Bridgeport as well as the future industrial development of the city will be seriously Imenaced unless adequate housing acc6mmodations are provid- ed The success of the industrial in-' terests are recognized as involving the welfare of, every other business in- terest and of every property owner in the city.
 "In the opinion of the committee. the only solution of the problem is by the combined effort of every interest in the city to finance and carry out tho erection of homes. Such a develop ment cannot be carried out by an or gaAization such as the housing conn., mittee of the Chamber of Commerce. It is necessary to organise a perma- nent corporation whose purpose shall be to look after the housing needs of the city for all time. To be success full the company will require the financial and personal support of ev- cry business and public interest in Bridgeport.
 Ut is proposed before offering the stock to the public to organize with board of directors which will be thoroughly representative of the diff ferent interests of the city, industrial, commercial, financial and civic and which will insure the efhcient and careful management of the company. When the organization is completed, the committee will issue a report and statement showing it's investigation and with it's detailed recommendations for the carrying out of the housing development"