Arkansas State press. [volume] (Little Rock, Ark.) 1941-1959, 1955-06-03
Housing Money. Yes :. But %.
BY S. S. Taylor

The local Urban league is reported planning survey
of the need of Negroes in this area for new privately financed
middle priced housing Some of the of the survey
said be find out how many Negro families can
handle the down payment and to demonstrate that home
building and lending institutions have been overlooking a
lucrative market
The survey will undoubtedly accomplish both pur-
As matter of fact we believe that most financial
of any importance fully of the large
group of Negroes with sufficient earning and aeeumu
lated savings be able and willing TO buy ten thousand
dollar home The central factor in the present egre
CATION how cultured well heeled Negro
be- he desired certain housing projects That Is
well known that it proof illustration
There eight housing projects more In
this vicinity where Negro not wanted even he could
and would the cash price of the house The objective OF
the money holders Negroes from buying new
homes but to make sure that they do not buy or pad e
outside the limits of the predetermined Negro gheoes.
1t is often much easier for Negro to buy an oumoded
a white section than buy current type in
project limited white His incentive the improved neigh
borhood which the old house stands paved streets and
sidewalks all the utilities respectful garbage man VINO mas
been pick the garbage the back gate instead
asking bring the front The Negro
builds (where he will be permitted to build
it, quite frequently will have reconstruct the street as he
his home.
Where the whites moving into finely built
project house there less opposition Negroes acquiring
the old property In fact the owner may already have con-
suited his neighbors and found that all willing and
themselves only anxiousy waiting the day when some OF
that good Negro money will along and relieve them of
their old house that they into new higher
class WHITE project number of local examples of this
could be pointed but in such personalities might
be "odious"
The logical outcome of such survey would be a
housing project FOR NEGROES Some converted lend
normally would then lay project for
high class Negro homes OF in all such segregated
projects the promoter always point the ncontestbe
fact that the city has been improved has buildings
and better neghbohood The question that puzzles most of
is do purchase at the price of segre-
cation? that what Winthrop Rockefeller meant by deseg
Tegated housing? We don't believe it
The upshot of the matter is that think the time has
for the Negro to begin pioneering in his future.
that enough Negro money
finance any particular building which Negroes might to
finance IF 1T CAN ONLY BE ORGANIZED AND PUT
TO WORK We have in the city both Urban league branch
NAACP branch. Either could organize credit
capable of solving the problem There number of Negro
families in the metropolitan whose incomes total $4,000
month Seventeen cent of such income of Just
such family would total 100000 in 10 What
these Negroes need is another segregated housing project
but systematic saving and investing of their income The
who organizes this group credit union would
form for it and for the community invaluable service