National Housing Act

(redirected from National Housing Act of 1934)
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National Housing Act

Legislation in the United States, passed in 1934, that established the Federal Housing Administration and the Federal Savings and Loan Insurance Corporation. The FHA provides mortgages to those who otherwise may not be able to afford them. The FSLIC gave insurance to savings and loan corporations, which reduced the likelihood that savings and loans would go bankrupt and therefore made it less risky for them to make mortgage loans. Both aspects of the Act were intended to increase American homeownership. It was part of the New Deal.
References in periodicals archive ?
The Federal Housing Administration (FHA) is a government agency partially created by the National Housing Act of 1934. One of the purposes of the FHA is to provide a financing system through the federal government that insures home mortgages, in an attempt to stabilize the housing market.
The Federal Savings and Loan Insurance Corporation (FSLIC) was established by the National Housing Act of 1934 and placed under the supervision of the Federal Home Loan Bank Board.
FHA, Federal Housing Administration, (a wholly owned government corporation), was established under the National Housing Act of 1934 to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgages; and to stabilize the mortgage market.
Imagine, before FDR's National Housing Act of 1934 (when the government began guaranteeing home-mortgage loans), only the wealthiest Americans could afford to own a home.
For example, the legislation creating the Federal Savings and Loan Insurance Corporation, the National Housing Act of 1934, is incorrectly referred to as the Federal Savings and Loan Insurance Corporation Act (p.
The Federal Housing Administration (F.H.A.) mortgage-loan guarantees, established by the National Housing Act of 1934, and the Veterans Administration (V.A.) loan guarantees of the Servicemen's Readjustment Act of 1944 (the G.I.
When Congress passed the National Housing Act of 1934, a key component of the New Deal, the Federal Housing Administration (FHA) was created to help resuscitate the U.S.
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