The Washington times., 1937-05-15
Building Begun
On Virginia
Project
inexpensive Rentals
Set For LoW-Cost
Apartments
CONTINUED from Page a.

Continued from Page a.
for the start Of q broad home
building program. They are the
analytical outcome Of the recon-
mendatiOns Of business and pro
fessiOnal men contained In the
12-pOint program Of the Com
1nittee for Economic and Social
Progress.
They form the basis for the
industrial approach to the crea.
ton Of a BODYBUILDING industry.
It Is on them that the first Of
the home building companies
recommended by that commit
tee was form e d. Paramount
Communities, Inc.
PLAN INSPIRED
"This company began its ex.
istence under the inspiration
and guidance Of the late Henry
Wright, who years ago developed
living patterns Of community
planning. Sponsored by bust
ness men, its organization was
developed to include personnel
capable Of handling the plan
ming technique as defined above.
Completely stated and ade-
quately capitalized, It began to
function and to plan the most
economic development possible
to achieve the desired result
better homes for more people at
lower cost.
at is not q phiIanthrOpic or.
ganizatiOn. 1t is mOtivated by
desire for the legitimate profit
which accrues to an efficient In
dustrial operation.
obviously, the success Of In
tegrated operation in the home.
building business requires avail
ability Of capital, and capital
demands its return. Not only
must this new home building
company produce q better prod
uct, but it must provide the
technique Of finance to make
possible the delivery Of the ,
product to the consumer.
SOLUTION SEEN
Recognition Of this last fact
Is perhaps the most important
step yet made in the advance
toward solution Of home build
ing problems. It opens up an
entirely new field of community
and neighbOrhOOd planning. 1t
provided new area for teChni'
cal operations in design, archi.
lecture and construction.
"That, in turn, provided .
new area for mortgage finance
on . basis which bids fair to
make possible that liquidation
of mortgages about which %
much has been heard In recent
years.
Here at Buckingham, be.
fore q shovel touched the earth,
we saw the importance Of CORE
lating the progress made in so
luton Of the problem Of any
one phase Of home building
with the other factors involved
and with the whole. The tech.
MicaI prObI e m of producing
homes in pIanne d neighbOr.
hoods required an attack upon
every phase Of shelter cost.
'"The first step toward max.
ing concrete the theories de-
velOped by teChnicians was the
acquisition of land suitable for
community development and
In areas where there was .
real demand.
NEEDS STUDIED
"FrOm that the plan was fitted
to the topography. Then the
architects harmOnized the re.
quirementS with the plan.
Materials and equipment were
studied, alone and in combine
ton. Using the known needs
as to the size of the family units,
these were grouped in the rental
sections to produce the most eco
nomicaI units. As these took
form on drawing boards, the re.
search men and engineers pOred
over cost estimates.
working on the basis Of long
term investment, the company
aimed to produce structures as
free as possible from the fac.
tors which accelerate deprecia-
ton and ObSOleScence. The latest
Developments in Identification,
refrigeration, plumbing and heat.
ing were studied, and then their
use was subjected to severe cost
analysis. Always was kept In
mind the ultimate cost to the
tenant.
Whatever could be given him
which also protected the prop
erty against depreciation and
ObsOIeScence, was made the goal.
1t Is . pleasure to note that as
manufacturers, producers, con-
tractors and dealers realized
what was being attempted, they
fastened to cooperate.
buckingham will be for Others
to see and from which others
may gain. If it proves its worth,
and If the experience gained In
this development will be ac-
cepted by others, It viii have
been worthwhile"
Claw lnefifllfn Hirne