The rents were fixed upon a scale varying with the amount of accommodation afforded by the separate tenements, and with their convenience of access. They run from $2 to $2.87 per week. By those familiar with the rents paid by the poor these sums will be seen to be not higher than are frequently paid for the most unhealthy and inconvenient lodgings. The total annual amount of rent received from each house is $2,353, which, after paying taxes, water-rates, gas-bills, and all other expenses, including all repairs necessary to keep the building in good order, leaves a full six per cent. interest upon the sum invested.
A portion of the land purchased by the Association not having been occupied by the two houses already described, it was determined to erect a third house upon it, of a somewhat superior character, for a class just above the line of actual poverty, but often forced by circumstances into unhealthy and uncomfortable homes. This was accordingly done, at a cost, including the land, of about $26,000. The house, of which the plan is well worthy of imitation, contains a shop and nine tenements. These tenements, which form not only comfortable, but agreeable homes, are rented at from two to three hundred dollars a year, and the gross income derived from the building is about $2,500.
During the five years since the first occupation of the houses no loss of rents has occurred. For the most part, the rent has been paid not only punctually, but with satisfaction, and the expressions which have been received of the content of the occupants of the tenements have been of the most gratifying sort. The houses, as we know from personal inspection, are now in a state of excellent repair, and show no signs of carelessness or neglect on the part of their occupants. Few private houses would have a fresher and neater aspect after so long occupancy. The tenants have been, with few exceptions, Americans by birth, and they have taken pains to keep up the character of their dwellings.
One of the Trustees of the Association, a gentleman to whose good judgment and constant oversight, as well as to his sympathetic kindness tor the occupants of the houses and interest in their affairs, much of the success of this experiment is due, says, in a letter from which we are permitted to quote,--"From my experience in the management of this kind of property, I believe that it may in all cases with proper care be made _safe and permanent for investment_. But what I think better of is the good such houses do in elevating and making happier their tenants, and I much rejoice in having had an opportunity to test their usefulness."