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Several ventures were structured to
produce profits on a sound business basis
which provided assistance to builders
of proven past success who required
immediate relief in order to survive
adverse financial conditions. From this
program came the foundation for a Small
Business Investment Corporation
(Housing Capital Corporation) that will
expand NHP's capability enormously in
this area.
To replenish its capital, NHP increased
its Limited Partnership equity sales,
raising an additional $8,000,000 through
the sale of interests in 26 projects this
past year. NHP always retains its general
partnership interest.
The management staff was greatly
expanded to supervise the local managing
firms. The 96 completed projects in 28
states contain 14,879 units. The task of
monitoring these projects, both at the
home office and in the field, grew at an
accelerated rate.
As of
December 31:
Projects
Occupied
Rental Units
1973
71
8,402
1974
96
12,951
Rent up and vacancy in subsidized
housing are generally not the issues as they
are in conventionally-financed housing.
Subsidized housing demands strong
management with a keen sense for tenant
relations. The unprecedented increase
in utility costs forced drastic increases
in rent —some as high as 30%. The rent
increases were accompanied by the
expected increase in turnover, maintenance costs and some vacancies. Since
the economic viability of projects must
be maintained at all times, even with
subsidized rents the increases caused
tremendous hardships for tenants whose
incomes had not risen to meet these new
rent levels.
Where feasible, NHP accelerated its
program to convert housing units,
both complete and under construction,
to individual metering and strengthened
its determination to insist as a matter of
NHP policy that it be provided for in
all new construction.
An NHP regional property manager discuss?
with the on-site manager of the apartments.
1974 was a year of crisis and challenge
for the industry. Although it was a difficult year for NHP, the organization
emerged strengthened by its experience
and more ably staffed to meet the
demands of the future.
Duquesne Place Apartments, Duquesne, Pa., in a close-in
suburb of Pittsburgh, offers a commanding view to the
residents of its 180 units. HUD Section 236.
5
Object Description
| Title | Housing Crisis and Landlord Tenant Act |
| Series | Series 2, NAACP, Charlotte |
| Subseries | Subseries 5, Programs |
| Sub-subseries | Sub-subseries 1, Housing and Urban Development |
| Digital Collection | Kelly Alexander, Sr. papers concerning the NAACP, 1948-1998 |
| Creator | Alexander, Kelly M. |
| Date Created | 1973, 1975, 1977 |
| Series Description | This series contains material related to the work of the NAACP in Charlotte, North Carolina and the Alexander family's involvement in the organization over the course of several decades. There is a wide variety of topics covered in the documents, including voting discrimination; the Freedom Fund; Youth Council activities; and correspondence with notable figures throughout the Charlotte area, including Alfred Alexander and Julius Chambers. |
| Collection Description | This collection documents the activities of the National Association for the Advancement of Colored People (NAACP), with an emphasis on the work and correspondence of Kelly Alexander, Sr. and his sons Kelly Alexander, Jr. and Alfred Alexander in Charlotte, North Carolina. The collection contains minutes, correspondence, reports, speeches, press releases, membership records, and a few photographs. Topics covered include school segregation, housing and employment discrimination, police misconduct, and the Charlotte Area Fund. |
| Subjects--Names |
Alexander, Kelly M. Alexander, Kelly M., Jr., 1948- Alexander, Alfred L., 1952- |
| Subjects--Organizations |
National Association for the Advancement of Colored People National Association for the Advancement of Colored People. Charlotte Branch. |
| Subjects--Topics |
African Americans--North Carolina--Charlotte African Americans--Civil rights--North Carolina African Americans--Political activity--North Carolina--Charlotte Civil rights movements--North Carolina--Charlotte Civil rights workers--North Carolina--Charlotte African Americans--Housing--North Carolina--Charlotte Racism--Political aspects--North Carolina--Charlotte Race discrimination--North Carolina--Charlotte Police brutality--North Carolina--Charlotte Police misconduct--North Carolina--Charlotte |
| Subjects--Locations |
Charlotte (N.C.)--Race relations--History--20th century Charlotte (N.C.)--Politics and government--20th century |
| Coverage--Place |
Charlotte (N.C.) Mecklenburg County (N.C.) |
| Box Number | 10 |
| Folder Number | 25 |
| Language | eng |
| Object Type | Text |
| Digital Format | Displayed as .jp2, uploaded as .tif |
| Genre | manuscripts (document genre) |
| Finding Aid | https://findingaids.uncc.edu/repositories/4/resources/701 |
| Original Collection | Kelly Alexander, Sr. papers concerning the NAACP |
| Digital Collection Home Page | http://digitalcollections.uncc.edu/cdm/landingpage/collection/p16033coll20 |
| Repository | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
| Digital Publisher | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
| Rights | These materials are made available for use in research, teaching and private study. The digital reproductions have been made available through an evaluation of public domain status, permissions from the rights' holders, and authorization under the law including fair use as codified in 17 U.S.C. section 107. Although these materials are publicly accessible for these limited purposes, they may not all be in the public domain. Users are responsible for determining if permission for re-use is necessary and for obtaining such permission. Individuals who have concerns about online access to specific content should contact J. Murrey Atkins Library. |
| Location of Original | J. Murrey Atkins Library Special Collections (University of North Carolina at Charlotte) |
| Grant Information | Digitization made possible by funding from the federal Institute of Museum and Library Services (IMLS) under the provisions of the Library Services and Technology Act as administered by the State Library of North Carolina, a division of the Department of Cultural Resources. |
| Identifier | naacp-ms508-0210025 |
| Date Digitized | 2016-03-04 |
| Rating |
Description
| Title | naacp-ms508-0210025-007 |
| OCR Transcript | Several ventures were structured to produce profits on a sound business basis which provided assistance to builders of proven past success who required immediate relief in order to survive adverse financial conditions. From this program came the foundation for a Small Business Investment Corporation (Housing Capital Corporation) that will expand NHP's capability enormously in this area. To replenish its capital, NHP increased its Limited Partnership equity sales, raising an additional $8,000,000 through the sale of interests in 26 projects this past year. NHP always retains its general partnership interest. The management staff was greatly expanded to supervise the local managing firms. The 96 completed projects in 28 states contain 14,879 units. The task of monitoring these projects, both at the home office and in the field, grew at an accelerated rate. As of December 31: Projects Occupied Rental Units 1973 71 8,402 1974 96 12,951 Rent up and vacancy in subsidized housing are generally not the issues as they are in conventionally-financed housing. Subsidized housing demands strong management with a keen sense for tenant relations. The unprecedented increase in utility costs forced drastic increases in rent —some as high as 30%. The rent increases were accompanied by the expected increase in turnover, maintenance costs and some vacancies. Since the economic viability of projects must be maintained at all times, even with subsidized rents the increases caused tremendous hardships for tenants whose incomes had not risen to meet these new rent levels. Where feasible, NHP accelerated its program to convert housing units, both complete and under construction, to individual metering and strengthened its determination to insist as a matter of NHP policy that it be provided for in all new construction. An NHP regional property manager discuss? with the on-site manager of the apartments. 1974 was a year of crisis and challenge for the industry. Although it was a difficult year for NHP, the organization emerged strengthened by its experience and more ably staffed to meet the demands of the future. Duquesne Place Apartments, Duquesne, Pa., in a close-in suburb of Pittsburgh, offers a commanding view to the residents of its 180 units. HUD Section 236. 5 |
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