National Housing Act of 1934: Difference between revisions
Content deleted Content added
→References: Category:Urban decay in the United States |
No edit summary |
||
| Line 1: | Line 1: | ||
The '''National Housing Act of 1934''', {{USStatute|84|345|48|847|1934|06|28}}, also called the '''Capehart Act''', was part of the [[New Deal]] passed during the [[Great Depression]] in order to make [[House|housing]] and home [[Mortgage loan|mortgages]] more affordable. It created the [[Federal Housing Administration]] (FHA) and the [[Federal Savings and Loan Insurance Corporation]].<ref name=kjhh>http://www.novelguide.com/a/discover/egd_02/egd_02_00382.html</ref> |
The '''National Housing Act of 1934''', {{USStatute|84|345|48|847|1934|06|28}}, also called the '''Capehart Act''', was part of the [[New Deal]] passed during the [[Great Depression]] in order to make [[House|housing]] and home [[Mortgage loan|mortgages]] more affordable.<ref>Buescher, John. "[http://www.teachinghistory.org/history-content/ask-a-historian/21810 Home Sales During the Depression]." [http://www.teachinghistory.org Teachinghistory.org], accessed 23 September 2011.</ref> It created the [[Federal Housing Administration]] (FHA) and the [[Federal Savings and Loan Insurance Corporation]].<ref name=kjhh>http://www.novelguide.com/a/discover/egd_02/egd_02_00382.html</ref> |
||
It was designed to stop the tide of bank foreclosures on family homes. Both the FHA and the Federal Savings and Loan Insurance Corporation worked to create the backbone of the mortgage and homebuilding industries.<ref name=kjhh /> |
It was designed to stop the tide of bank foreclosures on family homes. Both the FHA and the Federal Savings and Loan Insurance Corporation worked to create the backbone of the mortgage and homebuilding industries.<ref name=kjhh /> |
||
Revision as of 03:52, 25 September 2011
The National Housing Act of 1934, Pub. L. 84–345, 48 Stat. 847, enacted June 28, 1934, also called the Capehart Act, was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable.[1] It created the Federal Housing Administration (FHA) and the Federal Savings and Loan Insurance Corporation.[2]
It was designed to stop the tide of bank foreclosures on family homes. Both the FHA and the Federal Savings and Loan Insurance Corporation worked to create the backbone of the mortgage and homebuilding industries.[2]
The Housing Act of 1937 builds on this legislation.
References
- ^ Buescher, John. "Home Sales During the Depression." Teachinghistory.org, accessed 23 September 2011.
- ^ a b http://www.novelguide.com/a/discover/egd_02/egd_02_00382.html
 | This United States federal legislation article is a stub. You can help Wikipedia by expanding it. |