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Manchester Jewish Merchant Finances Housing Plan

February 29, 1924
See Original Daily Bulletin From This Date
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Edward M. Chase, one of Manchester’s leading merchants on the 50th anniversary of his birthday has turned over to Arthur M. Heard, president of Amoskeag National Bank of the city, his check for $50,000 to set in motion a home building program in this city by which 30, houses would be built immediately and occupied by families having at least two children and to be paid for by weekly payments of $7.50.

This is a plan adopted by the Chase Family Home Association, recently incorporated for the purpose of aiding working people who desire to own their homes. The homes will not cost over $333.33. Applicants must be citizens or must have taken out their first papers; must be church members and recommended by their minister, priest or rabbi.

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