Social Aspects of Housing and Home Loan Program
Nearly $50,000,000 has so far been made available by the Public Works Administration for residence construction, through loans to limited dividend corporations, out of the $3,300,000,000 public works fund established by the National Recovery Act. In addition to future alloeatians of the same sort, a substantial sum is to be set aside to finance the operations of the recently created Public Works Emergency Housing Corporation. While these expenditures, by affording a certain amount of employment, will make their proportionate contribution to the general program for economic recovery, their primary purpose is social rather than economic. The only residence projects eligible for federal aid are those involving clearance of slum areas, with substitution of decent living quarters for ...