fbpx
Wikipedia

National Housing Act of 1934

The National Housing Act of 1934, H.R. 9620, Pub. L.Tooltip Public Law (United States) 73–479, 48 Stat. 1246, enacted June 27, 1934, also called the Better Housing Program,[1] was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable.[2] It created the Federal Housing Administration (FHA)[3] and the Federal Savings and Loan Insurance Corporation (FSLIC).[4]

National Housing Act
Long titleAN ACT To encourage improvement in housing standards and conditions, to provide a system of mutual mortgage insurance, and for other purposes
Enacted bythe 73rd United States Congress
Citations
Public lawPub. L.Tooltip Public Law (United States) 73–479
Statutes at Large48 Stat. 1246
Legislative history

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.[5] (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.[6][7]

The Housing Act of 1937 built on this legislation.

References edit

  1. ^ Hyman, Louis (March 2009). "The Architecture of New Deal Capitalism". Reviews in American History. Johns Hopkins University Press. 37 (1): 93–100. doi:10.1353/rah.0.0073. S2CID 143487255.
  2. ^ Buescher, John. "Home Sales During the Depression". Teachinghistory.org. Retrieved September 23, 2011.
  3. ^ "1934: Federal Housing Administration Created". www.bostonfairhousing.org.
  4. ^ Dragonette, Laura (May 25, 2016). "Federal Savings And Loan Insurance Corporation (FSLIC)".
  5. ^ "Housing: After 50 Years, The Heydey Is Over". The New York Times. March 29, 1981.
  6. ^ "A 'Forgotten History' Of How The U.S. Government Segregated America". NPR.org. Retrieved April 1, 2021.
  7. ^ Rothstein, Richard (2017). The color of law : a forgotten history of how our government segregated America (First ed.). New York. ISBN 978-1-63149-285-3. OCLC 959808903.{{cite book}}: CS1 maint: location missing publisher (link)

External links edit

  • 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

national, housing, 1934, 9620, tooltip, public, united, states, stat, 1246, enacted, june, 1934, also, called, better, housing, program, part, deal, passed, during, great, depression, order, make, housing, home, mortgages, more, affordable, created, federal, h. The National Housing Act of 1934 H R 9620 Pub L Tooltip Public Law United States 73 479 48 Stat 1246 enacted June 27 1934 also called the Better Housing Program 1 was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable 2 It created the Federal Housing Administration FHA 3 and the Federal Savings and Loan Insurance Corporation FSLIC 4 National Housing ActLong titleAN ACT To encourage improvement in housing standards and conditions to provide a system of mutual mortgage insurance and for other purposesEnacted bythe 73rd United States CongressCitationsPublic lawPub L Tooltip Public Law United States 73 479Statutes at Large48 Stat 1246Legislative historyIntroduced in the House as H R 9620Signed into law by President Franklin D Roosevelt on June 27 1934The 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 5 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 6 7 The Housing Act of 1937 built on this legislation References edit Hyman Louis March 2009 The Architecture of New Deal Capitalism Reviews in American History Johns Hopkins University Press 37 1 93 100 doi 10 1353 rah 0 0073 S2CID 143487255 Buescher John Home Sales During the Depression Teachinghistory org Retrieved September 23 2011 1934 Federal Housing Administration Created www bostonfairhousing org Dragonette Laura May 25 2016 Federal Savings And Loan Insurance Corporation FSLIC Housing After 50 Years The Heydey Is Over The New York Times March 29 1981 A Forgotten History Of How The U S Government Segregated America NPR org Retrieved April 1 2021 Rothstein Richard 2017 The color of law a forgotten history of how our government segregated America First ed New York ISBN 978 1 63149 285 3 OCLC 959808903 a href Template Cite book html title Template Cite book cite book a CS1 maint location missing publisher link External links editNational 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 Retrieved from https en wikipedia org w index php title National Housing Act of 1934 amp oldid 1179885738, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.