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-


6Ll




~


19




$90 and over


13


306




13


Ll28


1*2


2


280


306


-


173


80


-


82




3. STAMDARD SALES
HOUSING








15


213




7


230




2


101







53




total2Il


w
u

a
o.

w

w

<


Under $5,000


£5

O

m O

0) f-






-


10




-


11




-


5




-,


3




$5,000 - $5,999


•H X$

•H ,Q






-


5




-


6




-


2




_


1




$6,000 - $5,999








-


6




-


6




-


3




-


1




$7,000 - '$7,999


CO

bl


i




-


6




-


7




-


3




_


2




$8,000 - $8,999


<D -H

3 -H






-


6




-


6




-


3




-


1




$9,000 - $9,999


H p

O O


,




-


9




-


9




-


k




"


2




$10,000 - $11,999








7


18




2


20




-


9




-


5




$12,000 and over


-






8


153




5


165




2


72




-


38





InclLides Federal Rent Supplement Units



c





Pae


9 B of B














r:














HUD-6122
( 1-66)




PROJECT NAME

Campus High School


PROJECT NUMBER

Mass .


R-






VII. ESTIMATED REHOUSING REQUIREMENTS AMD AVAILABILITY— Continued




B. NUMBER OF UNITS REQUIRED AND EXPECTED TO EE AVAILABLE DURING DISPLACEMENT PERIOD TO NONWHITE FAMILIES




TYPE OF HOUSING

267


1 BEDROOM


2 BEDROOMS


3 BEDROOMS


U BEDROOMS


5 OR MORE BEDROOMS




RE-
QUIRED


TO BE
AVAILABLE


RE-
QUIRED


TO BE
AVAILABLE


RE-
QUIRED


TO BE

AVAILABLE


RE-
QUIRED


TO BE
AVAILABLE


RE-
QUIRED


TO BE
AVAILABLE




EXIST-
ING


NEW


EXIST-
ING


NEW


EXIST-
ING


NEW


EXIST-
ING


NEW


EXIST-
ING


NEW




1. PUBLIC H0USi:!G]c£


57


61+6


906


35


9Il9


58


15


623


178


15


166


262


7


k3


306




a. Federally
aided




b. Stato or

locally aldad


9


166




8


659




3


^53




2


76







19






2. STANDARD PRIVATE
REHTAL HOUSlMG


51


1065


7U


32


Q230


126


2


636


306


il-


316


80





121






TOTAL 89




►J

<

H
U

;-

~i
s



00


«



Undor $40


-


70




-


17




-


3




-


1




-


-






$40 - $49


-


113




-


75




-


13




-


3




-


1






S50 - $59


-


116




-


123




-


39




-


11




-


3






S60 - £69


8


1Ll8




-


175




-


67




-


22




-


6






570 - $79


8


179


kk


-


200




-


101




-


kz




-


10






380 - $89


15


133


30


15


212


81l


-


133




-


61±




-


19






$90 and over


20


306




17


Ii28


lj-2


2


280


306


k


173


80


-


82






3. STAHDARD SALES
HOUSING








11


213




12


230




1


101




3


53






TOTAL 27




u

u
►-«

03
P.

to

3'
<
CO

i


Undor $5,000




W O






-


10




-


11




-


5




-


3






$5,000 - $5,999


•H T3
H <D

•h .a






-


5




-


6




-


2




-


1






SG.000 - SS.999


8 <D






-


6




-


6




-


3




-


1






$7,000 - $7,999








-


6




-


7




-


3




-


2






$8,000 - $8,999


-rH
3 -H






-


6




-


6




-


3




-


1






$9,000 - $9,999


rH P
O CJ 1






-


9




-


9




-


k




-


2






$10,000 - $11,999








6


18




3


20




-


9




-


5






$12,000 and ovor








5


153




9


165




1


72




3


38





Includes Federal Rent Supplement Units.



&



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA / RELOCATION DATA
BOSTON REDEVELOPMENT AUTHORITY

ELIGIBILITY FOR PUBLIC HOUSING AND ASSIGNMENT



Families
White
Non-White



Individuals
White
Non-White



Households
White

Non-White



TOTAL


ELIGIBLE


ASSIGNED


299


213


137


91

208


53
160


26
111


85
26
59


Ilk}*

(ko)*


58
18

ko


384
117
267


2 ®

200


195

kk

151



^-Individuals eligible for Public Housing for the Elderly;
included in total eligibility



ASSIGNMENT TO PUBLIC, PRIVATE AND SALES



Households
White
Non-White



PUBLIC

195

kk

151



PRIVATE

138
h9



SALES

51
2k '

27



TOTAL

38^
117
267



J



f






s.



BOSTON REDEVELOPMENT AUTHORITY/CAMPUS HIGH SCHOOL
URBAN RENEWAL AREA/RE LOCATION BACK-UP DATA

HOUSING RESOURCES AVAILABLE TO FAMILIES AND INDIVIDUALS TO BE
RELOCATED

I. Public Housing

A. Regular Public Housing will be available on a priority basis.
In 1965 there was a turnover of 1/950 units in both family
and elderly projects.

B. Rent Supplement Program

Under recent federal legislation authorizing the Boston
Housing Authority to supplement the rents of families eli-
gible for housing assistance/ the following units in new
221(d)(3) developments in Washington Park will be utilized:

Charlame II - 100% or 38 units

Twelfth Baptist - 100% qx 54 units

Warren Gardens - 20% or 46 units

St. Joseph's - 37% or 52 units

Total - 190 units

C. Leasing Program

Under the City Council's recent authorization of 1/000 units
of "instant housing"/ the BHA plans to lease apartments in
both new and existing buildings for families eligible for
housing assistance. The authorization allows for:

- 400 one- and two-bedroom units for the elderly.

- 600 three-/ four-, five-, and six-bedrcom family units.

D. Housing for the Elderly

The Boston Housing Authority plans to start construction on
seven new developments of elderly housing during 1966/ which
will provide a total of 520 units.

II. Private Rental Housing

A. 221(d)(3) Moderate-Income Private Housing

A total of 776 units of new housing in Washington Park is
expected to be completed by the end of 1968 and will be



I



"L



available to families relocated from the Campus High School
Urban Renewal Area. (Include 190 Rent Supplemented Units)

B. Existing Standard Private Rental Units

Recent analysis indicates that the annual turnover of stan-
dard rental units is estimated at over 33,000 units.

III. Private Sales Housing

A. Existing Standard Private Sales Housing

Analysis of standard housing turnover in Boston during 1965
indicates an annual turnover in excess of 3,000 units.

B. New Sales Unite.

A total of 15 new homes in Washington Park, costing be-
tween $15,000 (2 bedrooms) and $16,000 (3 bedrooms) are
expected to be completed by July, 1967 and will be available
to potential buyers from the Campus High Urban Renewal Area.

Summary (2 year relocation period 1967 - 1968)

I. Public Housing 5, 610

A. Annual Turnover (1,950/yr) 3,900

B. Rent Supplementation Program 190

C. Leasing Program 1,000

D. Housing for the Elderly (new) 520

II . Private Rental Housing 66, 776

A. New 221(d) (3)-Moderate income 776

B. Annual turnover (+33,000/yr) 66,000

III. Private Sales Housing 6, 015

A. Annual turnover (3,000/yr) 6,000

B. New sales units 15



-2-



(.









7 Nov. 1966
CAMPUS HIGH SCHOOL URBAN RENEWAL AREA/ RELOCATION DATA



RELOCATION RESOURCES IN WASHINGTON PARK AREA EXPECTED TO BE
AVAILABLE DURING 1967 & 1968

EXPECTED TOTAL DISTRIBUTION BY BEDROOM
PROJECT STATUS COMPLETION UNITS SIZE
12 3 4 5



/)



Charlame II Under Oct. '67 38 8 14 16

constr. (38) - (8) (14) (16)



Twelfth - . In plan- Dec. '67 54 12 24 12 6
Baptist ning (54) (12) (24) (12) (6)



St. Joseph's In plan- April "68 140 16 42 48 28 6
ning (52) - - (18) (28) (6)



Warren In plan- April '68 228 36 - 180 12
Gardens ning (46) (34) (12)



Academy II Under June '67 316 22 -84 130 80
constr .



Total 776 86 158 384 142 6

(Rent Supplementation Units) ( 19 °) < 12 ) ( 32 > ( 78 ) < 62 ) < 6 )



EXPECTED TOTAL BEDROOM DISTRIBUTION

PROJECT : '■- COMPLETION COST UNITS Eff 1 2 3

Phalanx (Sales) Dec. '67 $15,000 15 11 4

16,000

BHA Elderly Towers

Flausburgh June "68 104 16 83 5

Richmond &

Goldberg Dec. '68 167 21 140 6



*



ANTICIPATED RENTALS



BROJECT



Char lame II

Twelfth Baptist

St. Joseph's

(Rent Supplemented)

Warren Gardens

Academy II



NUMBER OF BEDROOM'S
1 2 3 4



$145 $155 $165

N.A. $99 $109 $119

$86 $97 $112

(25% of income)

( not available)

$75 $85 $95 $110



Co-op housing, initial downpayment of $150,



c



7 Nov. 1966



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA/RE LOCATION DATA

RELOCATION RESOURCES IN CASTLE SQUARE AND SOUTH END EXPECTED TO
BE AVAILABLE IN 1967 AND 1968



CASTLE SQUARE

1. 221 (d)(3)? 500 Units (50 leased to BhA)

Occupancy: Nov. 1966 - Feb. 1967

Rentals :

(a) Elevator units 1 bedroom $88-98

2 bedrooms $98-108

(b) Garden apts. 2 bedrooms $97

3 bedrooms $107

4 bedrooms $117-132

2. Housing for the Elderly: 100 Units

Occupancy: c. Sept. 1967
SOUTH END

1. 221 (d)(3): 350 Units (including 100 leased to BhA and/

or rent supplementation)

Rentals: Same as or below those of Castle
Square, (c. $75 - 115

Location: Camden, Lenox and Hammond Streets
(Sites #21,22,23)

2. Public Housing: 85 family units

360 elderly units

•^■Relocation resources in the South End are for the South End pro-
jects' own relocation needs and are not to be considered as a
citywide source.



L



■"**?




7 Nov. 1966
CAMPUS HIGH SCHOOL URBAN RENEWAL A REA/RE LOCATION DATA

gUMMARY OF CONCURRENT RELOCATION REQUIREMENTS AND ANTICIPATED
RESOURCES 1967 - 1968



ESTIMATED REQUIREMENTS



ESTIMATED RESOURCES



PUBLIC HOUSING

Total Urban Renewal
DPW Displacement
Total Gov't Actions



788
350



1,138



PUBLIC HOUSING

Annual Turnover 1,950/yr
New Elderly 520

Leased Private 1,000
Rent Supplementation 190

Total (2 years) 5.610



PRIVATE RENTAL

Total Urban Renewal 1,570

DPW Displacement 500

Total Gov't Actions 2,070



PRIVATE RENTAL

. ^Annual Turnover
New 221 (d) (3)
Total (2years)



33,684/yr

2,826
69,194



PRIVATE SALES

Total Urban Renewal
DPW Displacement
Total Gov't Actions



PRIVATE SALES

306 Annual Turnover 3, 000-3, 700/yr

200

506 Total (2 years) 6,000-7,400



<?






7 Nov. 1966



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA/RELOCATION DATA

CONCURRENT RELOCATION AND ANTICIPATED NEW HOUSING RESOURCES
1967 - 1968 BY PROJECT



PROJECT


.1967 -


Washington Park




South Cove


430


South End


950


Charles town


250


Fenway


250


Campus High


384


Castle Square


-



1967-1968
ESTIMATED NEW CONSTRUCTION
ESTIMATED RELOCATION 221 (d) (3) PUBLIC HOUSING
58 FAMILY ELDERLY



776
200
350 2
600

400
500 3



85



100

360
100



100



Inner Belt &
S.W. Expressway

Totals



1,050



3,314



2,826



85*
(3,571)



660



Includes 190 units rent supplementation.

Includes 100 units rent supplementation and/or leased to BHA.

3 Includes 50 units leased to BHA.

4 Estimated by Project Staffs; Relocation estimates 520 units for
elderly only, under Annual Contributions Contract.



9 Nov. 1966



* I



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA/ RELOCATION DATA



CONCURRENT REQUIREMENTS FOR PUBLIC HOUSING AND ANTICIPATED RESOURCES -



1967 - 196«






















BEDROOM REQUIREMENTS






PROJECT




1


2





k


5


TOTAL


South Cove




90


11





2




112


South End




119


36


35


10


13


213


Char lest own




20


26


12


5


2


65


Fenway




152


36


13


2


-


203


Campus High




93


55


23


17


7


195


Total Units


Required














Urban Renewal


klk


16U


92


36


22


788


DPW Displacement












350







Total Units Required
All Governmental
Actions



ANTICIPATED RESOURCES:



1,138



Annual Turnover (@ 1,950/year)

New Elderly Units

Leased Private Housing

Rent Supplementation Program

Total Public Housing Resources



3,900

520

1,000

190

5, 610



<



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA/RELOCATION DATA
SPECIFIC DATA ON EXISTING 221 (d) (3) PROJECTS IN WASHINGTON PARK



PROJECT


TOTAL
UNITS


1


NUMBER OF
2


UNITS BY BEDROOM
RENTALS
3 4


SIZE
5


Marksdale I


82




42
$85


28
$95




12
$105




Marksdale II


84




44
$88


28

$98




12
$108




Marksdale III


12




8
$88


2

$98




2

$108




Char lame I


92




24
$88


44
$98




24
$109




Academy I


202


22

$75


38
$90


84
$105
$109




42
$120
$136


16
$147



Totals 472

Maximum Income Tenets



2 persons

3 or 4 persons
5 or 6 persons

7 or mare persons



22



156



Marksdale



186



Char lame



92



16



Academy



$7,700

$8,850

$10,000



$6,100
$7,200
$8,300
$9,350



$6,655

$7,700

$8,850

$10,000



-A



< <



§



BOSTON REDEVELOPMENT AUTHOR I TY/CAMPUS HIGH SCHOOL
URBAN RENEWAL AREA/INFORMATION CENTER BACK-UP DATA/
RELOCATION PAYMENT SCHEDULE FOR DPW TAKINGS/



The Commonwealth, through the Department'- of Public Works, will
pay the moving costs of persons r^looated as a result of Inner
Belt and Southwest Expressway land takings at the following rate: (



Residential Units '♦-,



Full Kitchen


s^»o


• Stove


IS


Refrigerator




Outside T.V. Antenna


10


Each Additional Room


20


Maximum Payment


200


Businesses





Maximum Payment $3,000
For any details contact William o'Ma-Tjley of the Authority staff.



£



(.






scpi jdsq. • L8Z;-C2
scpj^ pajo/o3— 082-eS

7 V l\l CJ I -LV l\l




85S

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W W

S H g
>

2 W i-i

gig

w.Z »

a E2 >



a ft

3 SJ m

w 2 2

k< 2 n

o o x

C W M







s

W

o a



w

2
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2



c



1966 POPULATION CHARACTERISTICS SUMMARY



I.



II.





Campus Hi


gh Project .


irea






TOTAL POPULATION






3,03U






White
Non-White




8JU3

2,191


(27.8$)
(72.2$)






FAMILY COMPOSITION














TOTAL


WHITE




NON-WHITE






NO.


i


NO.


t


Families
ersons in Families
Individuals


7U7

2,866
168


233

787

56


(31.2:)

(27.5)
(33.U)


5H+

2,079
112


(68.8)
(72.5)
(66.6)



Population Characteristics



I.



II.



Total Population


Campus High


Project Area

No.

7,4ll

7,709

4,248
3,034


Change

298
-3,461
-l,2l4


% Change


1940
1950
I960
1966 (est)


( 4.0)
(-44.9)
(-28.6)



Change 1940-1966 -4,377 (-59.1$)

Racial Composition

White Non -White

No. ($>) Change Change flo. {%) Change Change

1940 4,381 (59-1) 3,030 (40.8)

1950 3,823 (49.6) -558 (-12.7) 3,886 (50.4) 856 ( 28.2)

i960 1,531 (36.0) -2,292 (-59-9) 2,717 (64.0) -313 (-10.3)

1966(est) 843 (27.8) -688 (-44.9) 2,191 (72.2) -526 (-19.4)

Change 1940-1966 Whits : -3,538 (-80.8$)
Jfcr-i -White: - 859 (-27.7$)

III. Family Composition (7.966)





Total


White


Non -White


Total Population


:\-.034


843


2,191


Families


747


233


514


Persons in Families


2,866


787


2,079


Individuals


168


56


112



Population Characteristics



I.





Early Land Acquisition Area


Total Population








Year


No.


Change


% Change


19h0
1950
I960
1966 (est.)


U,6U2

5>130
2,213
1,162


U88
-2,917
-1,051


( 10.5)
(-56.8)

(-4*7.5)



Change 19U0-1966 -3,1*80 (-75.0$)

II. Racial Composition

Year White Non-White



No. {%) Change % Change No. (%) Change % Chang.

19h0 2,376 (51.1) 2,266 (U8.8)

1950 2,136 (hi. 6) -2U0 (-10.1) 2,99U (58. h) 728 ( 32.1)

I960 686 (31.0) -l,U50 (-67.8) 1,527 (69.0) -1,1*67 (-1*8.9)

1966 (est.) 30h (26.2) -382 (-55.7) 858 (73.8) -669 (-1*3.8)

Change 191*0-1966 White : -2,072 (-87.2$)
Non-White: -1,1*08 (-62.1$)



III.


Family Composition


(1966)










Total


White


Non-White




Total Population


1,162


30U


858




Families


299


91


208




Persons in Families


1,077


278


799




Individuals


85


26


$9



ID



I.



II.



1966 POPULATION CHARACTERISTICS SUMMARY
Earlv Land Acquisition Area
TOTAL POPULATION



I



White
Non-White

FAMILY COMPOSITION



Families

Persons in Families

Individuals



304
858



TOTAL



1,162

(26.2%)
(73.8%)



WHITE
NO %



NON WHITE
NO %



299 91 (30.4) 208 (69.6)

1,077 278 (25.8) 799 (74.2)

85 26 (30.6) 59 (69.4)



III. CHILDREN IN FAMILIES



Children

1 child

2 children

3 children

4 children

5 children

6 children

7 children

8 or more children



ALL FAMILIES

%
37
19
20

9

2

3

4

3

3



IV. HOUSING DATA

Average Size of

Households - Persons

Average Size of

Rental Unit - Rooms

Average Contract Rent



All Households
3.1



4.7
$45.



White Non-White
2.5 3.3



4.6
$41.



4.8
$46.



1



"



i r






AGE DATA

A. AVERAGE AGE, HEAD OF HOUSEHOLD

All Households



Families
Individuals
Families and
Individuals

B. AGE DISTRIBUTION

Age Group



0-4 Years

5-17
18 - 24 "
25 - 64 "
65 and over



48.9
64.3

52.6



Total
%

12.4
27.0
11.9
35.6
13.0



White Non -White



56.3
68.8

60.7



Total % 99.9

COMPARISON WITH CITY OF BOSTON



99.9



43.9
62.4

48.0



White Non -White



%

4.0


%
15.3


14.5


31.4


15.3


10.8


42.7


33.1


23.4


9.3



99.9



All Households



Age Group



0-4 Years

5-17 "

18 - 24 "

25 - 64 "

65 and over

Total %



Campus High
%

12.4
27.0
11.9
35.6
13.0

99.9



City of Boston
%

9.5
19.2
11.1
47.9
12.3



100.0



-2-



'



( £



VI. INCOME AND EMPLOYMENT DATA
A. ANNUAL INCOME



Income



Under

$ 1,000 -

2,000 -

3,000 -

4,000 -

5*000 -

6,000 -

7,000 -

8,000 -

9,000 -

10,000 -

I5,000and

Total



$1,000
1,999
2,999
3,999
4,999
5,999
6,999
7,999
8,999
9,999

14,999
over



All
Households

%

1.3
22.9
20.9
20.3

9.2
11.7

6.5



1.3
.7

3.9

1.3

100.0



Average Income $3,992*88
Median $3,209.40

B. SOURCES OF INCOME





Households
%


Salary or Wages


48.1


Welfare or Pension




Payments


41.1


Wages and Partial




Welfare or Pension




Support


9.5


Unemployed and no




Welfare Assistance


1.3



White


Non -White


Households


Households


/o




1.9


22.4


23.1


20.4


21.2


16.3


22.1


8.2


9.6


10.2


12.4


8.2


5.8








2.0


1.0


2.0





8.2


1.9


2.0


1.0



99.9 100.0
$4,779.12 $3,620.28
$3,307.20 $3,180.00



Total



100.0



White


Non-White


Households
%


Households

°/o


36.0


53.7


48.0


38.0


14.0


7.4


2.0


0.9


100.0


100.0



-3-



c.



SOURCES. OF WELFARE AND PENSION INCOME



All

Households



White
Households



Non -White
Households



Aid to Families of

Dependent Children
Old Age Assistance
Disability Assistance
General Relief
Veteran's Administration
Social Security
Pension
Rent

D. TYPE OF EMPLOYMENT



16.5


8.0




20.0


10.1


12.0




9.3


8.2


10.0




7.4


1.9


0.0




2.8


3.8


10.0




0.9


18.4


32.0




12.0


5.0


10.0




2.8


5.7


8.0


All


4.6




Households
%


Service Workers




25




Operatives




24




Craftsmen




22




Laborers




9




Pvt. Household


workers


9




Managers/Proprietors


5




Professional/Technical


3




Clerical




3




Sales




1





Households may fall into more than one of these categories,



-4-



CAMPUS HIGH SCHOOL URBAN RENEWAL AREA / PROJECT DATA / TOTAL POPULATION
AND DISPLACEMENT



I. TOTAL SURVEY AND PUNNING AREA



Number of Persons
Persons in Families
Individuals

Number of Households
Families
Individuals

Number of Businesses



White


Non-White

2,191

2,079

112


Total


8ii3

787

56


3,03k

2,866

168


289

233

56


626

51U

112


915
?U7
168



281;



II. EARLY LAND ACQUISITION AREA (BRA Displacement)



Number of Persons
Persons in Families
Individuals

Number of Households
Families
Individuals



ite


Non-White


Total


30U

278
26


858

799

S9


1,162
1,077

85


117
91
26


267

208

$9


38U

299

85



Number of Businesses



III. HIGHWAY AREA (DPW Displacement)



Number of Persons
Persons in Families
Individuals

Number of Households
Families
Individuals



White


Non-White
390


Total


88


1*78


83


378


l*6l


5


12


17


33


112


11*5


28


100


128


5


12


17



Number of Businesses



137



page 1 of 2



*1 CAMPUS HIGH SCHOOL URBAN RENEWAL AREA / PROJECT DATA / TOTAL POPULATION

AND DISPLACEMENT



IV. STUDY AND PUNNING AREA



Number of Persons
Persons in Families
Individuals

Number of Households
Families
Individuals



White


Non -White


Total


126
25


9h3
902

la


1,391*

1,328
66


139

11U

25


21+7

206
ill


386
320

66



Number of Businesses — - 61



page 2 of 2



^



V



G



C



C



Lodging Houses





Campus


Hi


gh School Project Area


License
Number


Number
Rooms




LICENSED
Address






Operator
/Owner


Number
Residents


3 Dudley Street






Jessie Zwicker
Eva Spinney


01OU


11


11


5 Dudley Street






Eva Spinney


5105


11


11


38 Dudley Street






John J. Mar and
Mary Mar an do


U976


8





55 Dudley Street






Eustace A. Patterson


5870


7


10


69 Bar tie tt Street






John J. Walsh


5011


5


5


71 Bartlett Street






John J. Walsh
John J. Walsh


5012


9


9


25 Putnam Street






Edward Love
Albert Trust


5078


13


18


VACANT (License not
Address


renewed)


Operator
/Owner


License

Number


Number
Rooms


Number
Residents



2399-2U01 Washington Street Saul Weinstein



66



N.B.: None to be acquired under Early Land,



o



S.B.A. LOANS SUMMARY



Question: Who is eligible for a loan ?

Answer: Any small business which suffers displacement due to federally-
aided urban renewal , hirhway, or' other construction program
and suffers substantial economic injury because of such die-
placement. tt

S.B.A. funds are intended to help re-establish a business in
a new location. They supplement funds received from the pub-
lic agency involved as conpensation for the taking of property
and other losses.



^X



Question: Who is ineligible ?

Answer: S.B.A. will not make a loan if the funds received from con-
demnation are used for purposes other than to re-establish the
business, A business is ineligible for a loan also if it was
established or acquired, or if there was a substantial change
in its ownership after approval of the federally-aided pro-
gram.



Owners. of apartment houses or other real estate held pri-
marily for rental income are not eligible for S.B.A. loans.
Similarly, home owners and charitable, religious and other
non-profit organizations do not qualify.



Types of Loans



Wherever possible, S.B.A. will make loans in participation—
that is, jointly— with local banks or other private lending
institutions. S.B.A. may guarantee of provide up to SO
percent of a participation loan. If private lenders will
not join in a loan, S.B.A. will consider lending the entire
amount as a "direct "government loan. •. '



Use of Funds



An S.B.A. displaced business loan may he used for the follow-
ing purposes:



~M



1. To purchase and, if necessary, remodel a building
at a new location, or acquire land and construct
a building.

2. In the case of a new, rented location, to provide
working capital for any increased rental and other
operating costs for a reasonable period of time.



y



-2-

3. To make leasehold improvements on rental property.
k. To replace machinery ipment-

5. To purchase a larger or different type of inven-
tory required at a new location.

6. To meet moving expenses which exceed the amount
given by the public agency involved in the con-
struction project.



Amount of Loan



Collateral



The amount S.B.A. will lend depends on the estimated cost of
re-establishing the business, less funds the firm has re-
ceived as damages or moving expenses and net condemnation
funds paid it "by the public agency or awarded it "by a court.



A "business must pledge whatever collateral or give such
guarantees as it can. When an S.B.A. loan is used to acquire
realty or fixed assets., these must "be pledged as security for
the loan.



Loan Terms

A loan must "be repaid by the earliest possible date, "but '
maturity is "based on the needs of the firm and its ability
to repay. The maximum maturity is twenty years. The rate
on the S.B.A. share of a loan made jointly with a "bank, or
as a direct loan, is 3 3 A percent . ■ A hank which partici-


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