Good Housing That Pays a Study of the Aims And the Accomplishment of Octavia Hi

Cover Good Housing That Pays a Study of the Aims And the Accomplishment of Octavia Hi
Good Housing That Pays a Study of the Aims And the Accomplishment of Octavia Hi
Fullerton Leonard Waldo
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50..
Repairs & allowances. . . 675. 00. .
Depreciation 450. 00. .
Unlets 302. 00. ..
Losses Fire Insurance 30. 88. . .
Liability Insurance 26. 66. . .
Cost of Collection 441. 75. ..
Interest on Mortgages. . 1, 870. 00. . .
Actual $ 779. 97 382. 50 327. 75 (11 mos. ) 450. 00 138. 10 (11 mos. ) 9. 00 (11 mos. ) 30. 88 26. 68 413. 60 (11 mos. ) 1, 575. 36 (11 mos. ) Here is another example of the profitable handling of houses that had seen better days.
In 1903 the Association bought as agent two f
...our-story brick houses about half occupied by a low class of negroes. Every- thing within and without was as bad as it could be. The houses had been converted from private residences into tenements with- out the knowledge of the city authorities. Behind the larger houses were six of the little "one, two, three" houses, all served bv one hvdrant. The owners had relied entirely on an agent THE OCTAVIA HILL ASSOCIATION 105 who cared for nothing but the rents. When at last they saw what they had on their hands they were horrified, and parted with it for a lower price than they had named at first $4, 870.

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