• Source: National Housing Act of 1934

      • The National Housing Act of 1934, H.R. 9620, Pub. L. 73–479, 48 Stat. 1246, enacted June 27, 1934, also called the Better Housing Program, was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable. It created the Federal Housing Administration (FHA) and the Federal Savings and Loan Insurance Corporation (FSLIC).
      The Act was designed to stop the tide of bank foreclosures on family homes during the Great Depression. Both the FHA and the FSLIC worked to create the backbone of the mortgage and home building industries, until the 1980s. (See Savings and loan crisis and Financial Institutions Reform, Recovery, and Enforcement Act of 1989 that ended the FSLIC, whose activities were moved to the FDIC.)

      These policies had disparate impacts on Americans along segregated lines (see Redlining):Author Richard Rothstein says the housing programs begun under the New Deal were tantamount to a "state-sponsored system of segregation."
      The government's efforts were "primarily designed to provide housing to white, middle-class, lower-middle-class families," he says. African-Americans and other people of color were left out of the new suburban communities — and pushed instead into urban housing projects.
      The Housing Act of 1937 built on this legislation.


      References




      Further reading


      Larsen, Kristin. "Planning and Public–Private Partnerships: Essential Links in Early Federal Housing Policy." Journal of Planning History 15.1 (2016): 68-81.
      Pommer, Richard. "The architecture of urban housing in the United States during the early 1930s." Journal of the Society of Architectural Historians 37.4 (1978): 235-264.
      Radford, Gail. Modern housing for America: Policy struggles in the New Deal era (University of Chicago Press, 1996). online
      Straus, Michael W., and Talbot Wegg, Housing comes of age (1938) online
      Von Hoffman, Alexander. "High ambitions: The past and future of American low‐income housing policy." Housing policy debate 7.3 (1996): 423-446. online


      External links


      National Housing Act as amended (PDF/details) in the GPO Statute Compilations collection
      Public Law 73-479, 73d Congress, H.R. 9620, National Housing Act of 1934

    Kata Kunci Pencarian: