Worked on project today;
Housing:
Top 5 New Deal Programs:
1)CCC - Civilian Conservation Corps
2)CWA - Civil Works Administration
3)FHA - Federal Housing Administration
4)FSA - Federal Security Agency
5)HOLC - Home Owner's Loan Corporation
Home Owners’s Loan Corporation(HOLC)
*Diminished wages, widespread unemployment, and few, if any, refinancing options made it difficult for home owners to meet monthly mortgage payments during the Great Depression
-President Roosevelt asked congress in April of 1933 for "legislation to protect small home owners from foreclosure."
-Was created on June 13, 1933 by lawmakers.
-Federal Home Loan Bank Board supervised the HOLC.
-Mortgage: a loan to finance the purchase of a home.
-The peak: Spring of 1934 processed over 35,000 loan applications per week & employed almost 21,000 people.
Federal Housing Administration(FHA)
-The FHA was designed to regulate mortgages and housing conditions
http://americanhistory.about.com/od/greatdepression/tp/new_deal_pro...
http://www.novelguide.com/a/discover/egd_01/egd_01_00264.html
Comments