$34,942,000 to Lend

Public Works Administrator Ickes last week ran his total allotment of Federal loans for low-cost housing up from $22,165,000 to $34,942,000 when he tentatively approved four more building projects. They were: $5,184,000 to Hillside Housing Corp. for some 115 apartment houses in The Bronx, N. Y.; $2,965,000 to Hallets Cove Garden Homes, Inc. for 31 apartment houses on the Queens bank of New York's East River; $4,460,000 to the Community Plan Committee of the Indianapolis Chamber of Commerce to replace 750 slum buildings with 200 new houses; $168,000 to a Raleigh corporation to build apartments convenient to the faculty and students of North Carolina State College. In all cases the new apartments were to rent for $11 per room per month or less.

None of this Federal money will go into steel and brick and wages until the borrowers have matched it with some private capital, perfected building plans, made final contracts with P. W. A.

Other housing loans already approved by P. W. A.: $3.500.000 to Neptune Gardens, Inc., Boston; $2,025,000 to Spence Estate Housing Corp., Brooklyn; $3,210,000 to Dick-Meyer Corp., Queens, N. Y.; $12,000,000 to the Mayor's Business Recovery Commission of Cleveland; $1,000,000 to Euclid (Ohio) Housing Corp.; $500,000 to the Neighborhood Association, St. Louis.

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