FEDERAL GRANTS FOR BUILDING

The difficult problem of providing school facilities for a fast growing community faced the Teaneck Board of Education over a period of ten years.  The cost of modern schools coupled with the acute financial stringency of the depression prevented the erection of any new buildings between 1928 and 1934, years marked by severe overcrowding in several elementary schools and in the high school.

When the Public Works Administration was launched in 1933, Teaneck School officials finally began to see some possibility of relief and steps were taken to file an application for P. W. A. funds.  Teaneck eventually succeeded in securing the approval of two building projects -- Lowell School and the Junior High School addition to the High School building.

The total cost of these buildings was $850,000.  The Federal Government gave Teaneck an outright grant of approximately $225,000.00, and bonds for the balance were purchased by the P. W. A.  These bonds carried the lowest rate of interest Teaneck had ever obtained up to that time -- 4%.

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