National Housing Act of 1934

The National Housing Act of 1934, Pub.L. 84–345, 48 Stat. 847, enacted June 28, 1934, also called the Capehart Act, was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable.^[1] It created the Federal Housing Administration (FHA) and the Federal Savings and Loan Insurance Corporation. It also created the United States Housing Authority to make low-interest, long term loans to local public agencies for slum clearance and construction of low-income dwellings.^[2]

It was designed to stop the tide of bank foreclosures on family homes. Both the FHA and the Federal Savings and Loan Insurance Corporation worked to create the backbone of the mortgage and home building industries.

The Housing Act of 1937 builds on this legislation.

References

HUD Historical Background

↑ Buescher, John. "Home Sales During the Depression." Teachinghistory.org, accessed 23 September 2011.
↑ America, Past and Present.

External links

Public Law 73-479, 73d Congress, H.R. 9620, National Housing Act of 1934

New Deal

Causes and legacy	Great Depression New Deal Coalition Brain Trust American Liberty League Criticism

New Deal	Emergency Banking Act Economy Act Agricultural Adjustment Act Civilian Conservation Corps (CCC) Civil Works Administration Communications Act Executive Order 6102 Homeowners Refinancing Act Farm Credit Administration Federal Deposit Insurance Corporation (FDIC) Federal Emergency Relief Administration Frazier–Lemke Farm Bankruptcy Act Glass–Steagall Act National Industrial Recovery Act National Housing Act National Recovery Administration National Youth Administration Public Works Administration (PWA) Public Works of Art Project Reciprocal Tariff Act Railroad Retirement Act Securities Act Tennessee Valley Authority (TVA)

Second New Deal	Works Progress Administration (WPA) Federal Project Number One Federal Energy Regulatory Commission Farm Security Administration Judicial Procedures Reform Act National Bituminous Coal Conservation Act National Labor Relations Board (Act) Rural Electrification Act Rural Electrification Administration Social Security United States Housing Authority

Individuals	Franklin D. Roosevelt Harold L. Ickes Frances Perkins Harry Hopkins Henry Morgenthau, Jr. Huey Long Herbert Hoover Robert F. Wagner

Category Commons

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