New-York tribune., 1922-01-29
House Rentals
Are Con;ne
Down Heer, =
Samuel po""c'Iy Say. S.,
"''ba" Building lIas sse sa'
r"cd en- Prizes; Home, '%,' 1''
2h.2'o Begun This Mo- 10

Ihc largo number a.
have boon erectcd in cor,m.,'. s. VII
'''"s Of Now York in tho J., .'s '''
the ''"|y construction Of dv,'. 1s,' ~
no" under way wll rosolt = ',''F'
rents. 80 lcsx IN anti,o'.. a '''s
Sss'1'''" ~ is samuel B Don1,I1r' y '9' ~
rotary Of The Building rr.d.. .,' "
ployers' Association. S's' u
Commenting on tao ssbf.e. ~.....
M pon"eliy ssiJ that tss .ss'' Ts,''s'j)
thus 'o'ro'oDs inoseasc in hop''ss 1s !
commodstions vill mean '0ss1
Of rent for al cla--e- ~ . '1"'e''''
ne present rate Of sis II s5s sos palsl
ID inc ne~ buildings iz nov, 10 FooT
ana VII drop 70 rate oe -, ,oee'lair
= room 7hich viii csnsc 30 70 -
of people Who are nov. nl7rsto
s',n ~ ra.s for lcss dcsirs HI. hss;. e.
Nen' IN Old buildings. and eree. 's. 'so''a wa
eral reduction Of rents and -. ~ e.
'os'i' n an enormous a,.,...', a,.'"'s0
vacane'os In the older aD.s.rs..[ .@..,'[
tonomontz. sps' sF[ssta p
Home verc corrolo..a al
ana pec'mher 81, 1921. IN tho enp. ~
. ~ provide accommodated -, -.
''''0' "a foiiios. according In rso...
compiled h. tae associat'on a,a '.o'''
ou' by Mr.. boanelly as follow. s"'-
Ditrs oro rs-,'iv hai..e-
liric-. f7p--sniilv ac,ses -..'. 'i
.''@1i0 ons f7nit Hogse= ''''' I"
frame f'p fsuf- rou,e- ''.'. -,e''
= Apartment b3ii9fr4s
7h're wero under constru..io, =
January !, 1922. buildings to ,.n .-a.s, .,
accommodations for 2s.270 famil,s, S'"' -.
wnen completed they VIII make . -. q
OF $3.50 famiiies provided for W.. ~.
April !. 1921. Hero Is list Of sor,.'
now under construction: ''''''
F-,ck. family house .l
- ;, ''n. f"'o-iaN'lr hou-e- ~
= - mo one-faTniiT houses IA ..|
-, .'- IAN ii- houses ......,..
a pa Tiia'ut nuiidinas as......
An estimate based upon .hs 49,
Der Of plans filed since Janr.-
i'zz. saoR that buildings upor -s..
work VII h started betxeer J.,...
] and April /. 1922. viii nro,;d, :. s. "a
moGarions for 10000 sddit,onsl' '..'-' W
ies. said NJ Dornelly and t5s - ~,
c9npieted prlor 20 April ]. la., :,
"hlca the tax exemption iaw will ,,.-
viii prlnE tne grand total ~ .s-,..
provided FOR under the -sv ,-.-..:
'1~ 10 approximately 10000.
tightly per cent Of the buildi,.,
:structod since the tax exemption /,
has been effective are located !, :.
noroughs of the BronY, Brooslr- =.
queens: Inc average tax rate for ~,
borolghs for the wear 1921 u., ii;
Should TINS lie the average tar rs,.a.
the ten year period during which i.
tax exemption ordinance will be n :.
feet and should the average ,,,s.,,i
valuation upon the accommodated,
provided for each family be slaao ths
annual amount Of taxes on atumn..
datlons for each family. from the cnl.
lections Of which the owners win \.
exempted, win amount TO sl1s2O ~
annum, or 1882 for the ten yur
period.
The total amount Of taxes. the CO..
lection Of winch the City OF New Yeh
VIII waive viii amour. approximate
TO 500, SEQ .00o. which sum will Indirect
be contributed by the tax payer, q.
the city TO the providing Ct addition,
housing accommodations for the vsl.
to-do.
The house building boom Of Il.
in the committing srca. composed .,
Nassau and Westchester counties. yr
York. and Hudson. Essex and u,ia
counties. New Jersey. has been unpr
cedented. q : has been the migration
city dwe.iers 70 these counties"