The Improvement of the Dwellings And Surroundings of the People. the Example of Germany

Cover The Improvement of the Dwellings And Surroundings of the People. the Example of Germany
The Improvement of the Dwellings And Surroundings of the People. the Example of Germany
Horsfall, T. C. (Thomas Coglan), 1841-1932
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But for it they could not have obtained houses of their own. The Jointstock Company for Small Dwellings had pre- viously been helped by the town, not only by having the usual building regulations somewhat relaxed in its favour, but also by the Town's taking shares in the company for £10,000. When the last-named buildings of the Company in Stolzestrasse are completed, this company will have provided dwellings for 5,000 persons. The buildings in question are the first property, built on land held... on chief rent, on which the National Insurance Institution has lent money.
Two other building societies, which are now working with help from the town for the lessening of the house famine, are purely commercial companies. In the case of the undertaking known as the Heelerhof Scheme, the Company has a capital of £45,000, and has issued obligations for £170,000. It has built on land of its own 75 houses, containing 762 small dwellings.
The town has taken shares for £5,000, and guar?intees the capital of the obligations and interest at 4 per cent.


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