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The Big Short is a 2015 American biographical crime comedy-drama film directed by Adam McKay and co-written by McKay and Charles Randolph.The film is based on the 2010 book The Big Short: Inside the Doomsday Machine by Michael Lewis, and shows how the 2007–2008 financial crisis was triggered by the United States housing bubble. [4]
August 10, 1965 – The Housing and Urban Development Act of 1965 instituted several major expansions in federal housing programs. September 1965 – HUD is created as a cabinet-level agency by the Department of Housing and Urban Development Act. April 1968 – The Fair Housing Act is passed to ban discrimination in housing.
The Housing and Community Development Act of 1992 established, for the first time, a mandate to Fannie Mae and Freddie Mac for loans to enable home ownership of less expensive housing, a mandate to be regulated by the Department of Housing and Urban Development (HUD). Initially, the 1992 legislation required that 30% or more of Fannie's and ...
Cabrini–Green was composed of 10 sections built over a 20-year period: the Frances Cabrini Rowhouses (586 units in 1942), Cabrini Extension North and Cabrini Extension South (1,925 units in 1957), and the William Green Homes (1,096 units in 1962) (see Chronology below). As of May 3, 2011, all the high-rise buildings had been demolished.
The Model Cities Program was an element of U.S. President Lyndon Johnson 's Great Society and War on Poverty. The concept was presented by labor leader Walter Reuther to President Johnson in an off-the-record White House meeting on May 20, 1965. [1] In 1966, new legislation led to the more than 150 five-year-long, Model Cities experiments to ...
Since housing discrimination based on sexual orientation was not explicitly cited in the Fair Housing Act, as of 2007, it was banned in only 17 states. In all states, same-sex couples are frequently unable to apply to public housing as a family unit, thus decreasing their chances at being accepted into the program. [ 53 ]
Desire Projects was a housing project located in the Ninth Ward of New Orleans, Louisiana. These projects were the largest in the nation and consisted of about 262 two-story brick buildings, containing about 1,860 units across 98.5 acres of land. [1] The overall conditions of the projects were deplorable from the moment they were put into place ...
The Robert C. Weaver Federal Building is a 10- story office building in Washington, D.C., owned by the federal government of the United States. Completed in 1968, it serves as the headquarters of the United States Department of Housing and Urban Development (HUD). [4] Built by the General Services Administration, it is a prime example of ...
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