City Housing Corporation (jan 2, 1924 – jul 27, 1930)
Description:
Limited Dividend Corporation (non-profit) with the goal to help solve the housing problem in cities and develop housing that is less dense.Philanthropists led by Bing, Adler and Eleanor Roosevelt
Instead of just rental housing like previous non-profit housing development companies, CHC developed housing for purchase and make it financially viable to middle and working class when bank financing was very conservative.
Faded in the Great Depression
Added to timeline:
Date:
jan 2, 1924
jul 27, 1930
~ 6 years and 6 months