Faculty Housing Company, Inc. (Brookings, S.D.)

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Authorized form of name

Faculty Housing Company, Inc. (Brookings, S.D.)

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Description area

Dates of existence

1952-1963

History

In the fall of 1952, a group of interested faculty members with the active support of the administration, decided – in view of the growth of the South Dakota State College – to make more housing facilities available. A private stock corporation was organized for the purpose of acquiring a site and erecting one or more apartment buildings for rental, primarily to faculty members. The corporation was developed with the aid of the Federal Housing Administration. The corporation owned two six-unit apartments located north of Sixth Street between 16th and 17th avenue, across from Hillcrest Park. The company lasted until a special meeting was held on January 21, 1963 where the stockholders voted for dissolution of the Corporation.

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