1926 Austrian Federal Housing and Settlement Lottery Bond

In 1926, the Austrian Federal Housing and Settlement Fund issued 600,000 lottery bonds with a face value of 10 Shillings each to be redeemed by lottery within 40 year according to the annexed plan of amortization and drawing of premiums. The bonds are backed by mortgages purchaed with proceeds from the fund. After WWI, there were numerous homeless settlers in the area around Vienna. The Federal Housing Settlement Fund was established as a way to get the poor settlers around Vienna settled into letitimate housing (hence the picture of a boy on teh steps of a small house on the bond). The housing fund would purchase land on the outskirts of Vienna, and homeless settlers would assist in the construction of new houses in exchange for a place to live.

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