National Housing Act of 1934
Pub. L. 73–479 | |
| Statutes at Large | 48 Stat. 1246 |
|---|---|
| Legislative history | |
| |
The National Housing Act of 1934, H.R. 9620,
mortgages more affordable.[2] It created the Federal Housing Administration (FHA)[3] and the Federal Savings and Loan Insurance Corporation (FSLIC).[4]
The Act was designed to stop the tide of bank foreclosures on family homes during the
FDIC
.)
These policies had disparate impacts on Americans along segregated lines :
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
- 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.
- )