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The American Housing Act of 1949 (Pub. L. 81–171) was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing. It was part of President Harry Truman 's program of domestic legislation, the Fair Deal .
The Housing Act of 1949 offered federal subsidies to local redevelopment projects, allowing local agencies to clear and sell blighted land for redevelopment, [2] up to a limit of $808 million per year. Federal subsidies helped alleviate potential hurdles in acquiring land with high purchase costs.
Housing Act of 1937 (aka Wagner-Steagall Act) 1937: Public Housing Federal: Provided for subsidies to be paid from the U.S. government to local public housing agencies (LHAs) to improve living conditions for low-income families. Housing Act of 1949: 1949 [definition needed] Federal [definition needed] Housing Act of 1954: 1954: Public housing ...
The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, established in part by the National Housing Act of 1934.
The Housing and Rent Act (1949) extended federal rent control authority. [ 82 ] The Farmers Home Administration was established (1946) to assist self-help rural housing groups as well as to make grants and loans for the repair and construction of rural homes.
Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a USDA guarantee (7 CFR ...
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Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...