The Housing Projects in Queens and Parkchester
Tuesday, May 26th, 2009
When the buildings were completed early in 1924 in Queens, all the 2,125 apartments were rented to families of limited income, selected from a waiting list of 25,000. Between 1924 and 1930 the apartments maintained an almost unbroken record of complete occupancy and yielded a net return of about 6 percent. The net income decreased, however, when the tax exemption period expired, but rentals were not increased.
By ...The Housing Projects in Queens and Parkchester