250 units built in 1941 for a cost of $4,400,000, roughly $17,000 per unit

From a Public Housing pamphlet written around the time of completion of the project.

The Baxter Terrace Project was opened for occupancy in August, 1941 and was fully occupied by October of that year.  The building of Baxter Terrace required the demolition of five blocks.  In the course of tearing down the frame hovels and firetraps which infested this site, the contractor caught and killed somewhere in the neighborhood of 60,000 rats.  Since Baxter Terrace was a slum clearance project, a number of the tenants originally came from the site, and many others came from the surrounding area, within Ward Fifteen.  The project contains 612 families and approximately 2,344 people.  Sixty Nine percent are African Americans.  The project accounts for about 19% of the population of Ward Fifteen.  Forty one percent of the population is under the age of 15 years.  Thirty One percent of the families are white and mostly of Italian descent.