U.S. HOUSING PROJECTS
Finance For Racially Integrated Plans WASHINGTON. Financing of Negro homes and racially integrated housing projects is becoming easier, a leading New York banker said recently. Speaking before a meeting of the National Association of Housing and Redevelopment Officials, Mr Earl B. Schwulst said that his bank has been financing a large amount of “open occupancy” and Negro housing. “We are experiencing no difference in risk,” he said. Mr Schwulst is president of New York’s Bowery Savings Bank. , He emphasised that while his bank imposed no racial discrimination, it discriminated among prospective tenants and purchasers—Negro and white—on their ability to pay for and maintain property. Mr Schwulst said there were more and more places in America where Negro housing alongside white housing’ was being accepted by communities and housing agencies.—(U.S. Information Service.)
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Press, Volume XCIII, Issue 27961, 7 May 1956, Page 19
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134U.S. HOUSING PROJECTS Press, Volume XCIII, Issue 27961, 7 May 1956, Page 19
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