The Third Project

From "Housing in Camden," published March 31, 1942.

A low-rent housing and slum clearance project in North Camden, known as N.J. 10-2, was made possible when Nathan Straus, Administrator of the United States Housing Authority, announced by letter to the Camden Housing Authority on December 27, 1939 that $1,409,000 had been allocated for the proposed development. The application, began August 15, had been filed November 7. On January 2, 1940 the CHA authorized a loan contract with the USHA for $1,722,000 for the project, which will contain 300 dwelling units at a cost of not more than $4,000 each, or $1,000 per room. The CHA was to issue $173,000 in bonds to be sold to private investors, to be retired in 15 years and to bear interest at 3.25 percent. On August 8 the first requisition for advance funds in the amount of $35,000 was approved to the local Authority and forwarded to the USHA at Washington DC.

The CHA on August 22 adopted resolutions specifying that the person for whom the project was to be named must have been a native of Camden and must have served in the army, navy, or marine corps and have been killed in action. His name must be one which had not received any public recognition other than on a city memorial tablet. All veterans' organizations in Camden were invited to submit names from which a committee of five citizens, to be appointed by the Authority, would select the official designation of the new project.