National Housing Act of 1934 06/27/1934 AD

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National Housing Act of 1934

National Housing Act of 1934
06/27/1934 AD enacted

Also called the Capehart Act and 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.

Washington, D.C.
Lattitude: 38.9072° N
Longitude: 77.0369° W
Region: North America
North America
Modern Day United States
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