New Openings in Boston: a Demonstration of Major Change in Three Urban Neighborhoods. (Preliminary Draft)

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It is also a program to abet small shopkeepers who maintain reasonable retail prices, and to assure a fair return to all commercial enterprise in the area, specifically by: 1. Helping 5,500 low-income families annually in purchasing useable goods by guaranteeing their installment contracts, so that they can obtain honest merchandise at volume prices in large outlets which do not now extend credit to them.
Per Year $300 in purchases a year by 5,500 clients x 5% = $85,000 2. Fighting civil action
...s brought by and against low-income people and providing routine education in legal matters to them.
Per Year Estimated 2,500 cases a year at $25 per session plus staff of 5 lawyers and 5 internes at $70,000 per year = $135,000 - 55 - 3. Providing second mortgages and/or matching grants as needed, to local retailers who are prepared to improve their quarters, their goods inventory, and their services, and are unable to obtain working capital or rehabilitation financing.
Per Year $1,000,000 a year in business volume estimated, of which 1/3 will be grants and 2/3 repayable low-interest rate second mortgages.


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