The Building Subsidy
- 'Die Unemployment Board has very i wisely extended the scope of its - new building .subsidy to cover J municipal housing schemes. As we - pointed out when the new subsidy s was announced, a substantia! sec- . tion of the Dominion's population , is inadequately housed. .It is hardly t likely, however, that a subsidy to • private builders will remedy this i state of affairs, since inactivity in : the building industry is due not so • much to lack of capital as to lack : of suitable tenants. The rent that l relief workers can pay is not, suffii cient to encourage the ordinary ; builder to attempt to meet their • needs. Municipalities, on the other hand, might be induced by a sub- ■ I sidy to survey housing needs in their areas, to proceed with the demolition of slum quarters, and to, build workers' dwellings without l any expectation of immediate! profit. Whether a subsidy of 12 peri cent, on the capital cost, exclusive | of land, will be sufficient to stimulate such activity is perhaps doubtful. Nevertheless, it must be hoped that the larger municipalities will give careful consideration, not merely to the subsidy proposal, but to the general question of housing. S :
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Bibliographic details
Press, Volume LXX, Issue 21247, 20 August 1934, Page 10
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200The Building Subsidy Press, Volume LXX, Issue 21247, 20 August 1934, Page 10
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