People were forced to live in them for houses during the Depression, and people called the neighborhoods of "broken houses" Hoovervilles because they thought President Hoover did not care about the economic situation, The House and the Senate met for 100 days between March-June 1933. One version proposed confiscating large personal fortunes, guaranteeing every family a cash grant of $5,000 and every worker an annual income of $2,5000, providing pensions to the aged, reducing work hours, paying veterans' bonuses and ensuring college education for every qualified student. The … This is the nickname for the day the stock market crashed (October 29, 1929). -was enacted on June 29, 1956, when President Dwight D. Eisenhower signed the bill into law. The Federal Housing Administration (FHA) is a U.S. government agency that provides mortgage insurance to qualified, FHA-approved lenders. United States government agency created as part of the National Housing Act of 1934. Insured loans made by banks and other private lenders for home building and home buying. gov. Federal Housing Administration. In fact, we're one of the largest mortgage insurers in the world. Federal Housing Administration. It created the Federal Housing Administration (FHA) and the Federal Savings and Loan Insurance Corporation. Included skilled and unskilled workers; open to women and minorities. The PHAs receive federal funds from the U.S. Department of Housing and Urban Development (HUD) to administer the voucher program. Laws and others that followed that expanded the federal governemnts role in the nations economy. She founded a school for black students that eventually became Bethune-Cookman University. 81-171) was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing. -the act of small-scaled manufactures locating themselves in area of de-skilled, ethnic racial labor pools. Federal Emergency Relief Corporation: Federal Emergency Relief Administration (1933)- Relief, Recovery- Combined cash relief to needy families with work relief; superseded in early 1935 by the extensive work relief projects of the WPA and unemployment insurance established by Social Security. in 1851 and was privatized from 1880, -efficiency in producing a product caused the work force to no longer be skilled in labor. Release Date: February 1938 (439 pages) Posted Date: June 22, 2018 This historical manual contains instructions, policies, and regulations governing the work of FHA underwriting staff tasked with determining the eligibility of non-farm mortgages for insurance under Title II of the National Housing Act. RFC was an independant agency of the United States government. The practice where a government spends more money that it receives as revenue. Explaining the policy, Baltimore’s mayor proclaimed, “Blacks should be quarantined in isolated slums in order to reduce the incidence of… Congress passed more then 15 pieces of legislation. a program advocated by Louisiana Senator Huey P. Long that appealed to desperate lower middle class Americans during the Great Depression. In Thousand Oaks, loan amounts may not exceed the limits above. The Federal Housing Administration (FHA) provides mortgage insurance, but does not make ... true. Headed by the Secretary of Interior Harold L. Ickes, it aimed at long-range recovery and spent $4 billion on thousands of projects that included public buildings, highways, and parkways. -large prison populations forcing the construction of more prisons. 253-276; Kevin Gotham, “Racialization and the state: the housing act of 1934 and the creation of the Federal Housing Administration,” Sociological Perspectives, 2000, volume 43(2): pp. 1935; established National Labor Relations Board; protected the rights of most workers in the private sector to organize labor unions, to engage in collective bargaining, and to take part in strikes and other forms of concerted activity in support of their demands. The Federal Housing Administration (FHA) provides mortgage insurance on single-family, multifamily, manufactured home, and hospital loans made by FHA-approved lenders throughout the United States and its territories. A New Deal agency created to generate electric power and control floods in a seven-U.S.-state region around the Tennessee River Valley . The FHA’s primary function was to insure home mortgage loans … All units in the building must be cleared of all tenants- no one can be singled out. Income were mandatorily sent back to their parents. She also served as an advisor to President Franklin D. Roosevelt, Many of the advisers who helped Roosevelt during his presidential candidacy continued to aid him after he entered the White House. Federal Housing Administration. Named Hoover Dam after its completion to honor President Hoover. It created many dams that provided electricity as well as jobs. FHA loans are only allowed on 1 to 4 living-unit properties. gov. California Agricultural Labor Relations Act,1975, -guaranteed farm workers to organize and bargain with farmers for basic rights. Townshend was a retired physician who developed a plan in which the government would give monetary resources to senior citizens ages sixty and over He and other demagogues pushed FDR to move the New Deal to help people directly and laid the foundations of the creation of Social Security. In Pleasanton, loan amounts may not exceed the limits above. A reassessment of the property tax can only be made a) when the property ownership changes or b) there is construction done. It provided the Indians direct ownership of their land, credit, a constitution, and a charter in which Indians could manage their own affairs. -a law that provided a range of benefits for returning World War II veterans (commonly referred to as G.I.s). industrial clustering, -property taxes lowered causes low allocation of funds to public schools, -A prison that was est. August 14, 1935- The Social Security Act was drafted by President Roosevelt's committee on economic security, under Edwin Witte. In the wake of Supreme Court decisions that declared key pieces of New Deal legislation unconstitutional, Roosevelt proposed increasing the number of justices. Since 1934, we've helped millions of families become homeowners. -The Ellis Act is a state law which says that landlords have the right to evict tenants in order to "go out of business". 110–289 (text), 122 Stat. FHA loans are only allowed on 1 to 4 living-unit properties. The decision of the California Supreme Court was affirmed by the U.S. Supreme Court in 1967 in Reitman v. Mulkey, -Reparations that were paid under the hoover administration through the mexican reparation act because of the mass deportation of 1 million mexcian americans and mexican immigrants in 1930s. It insures up to $100,000 for bank deposits, thus helping put faith back into the banks. The federal government was not involved in housing until 1934 when the Federal Housing Administration (FHA) was created as part of the New Deal. If a justice did not retire at age 70, the president could appoint an additional justice up to a maximum of 6. The 1990s were a tumultuous time for Federal housing policy. An act of Congress in 1934 created the Federal Housing Administration, which made home ownership affordable for a broader segment of the public with the establishment of mortgage insurance programs. Gave part time jobs to drop outs. -the social and political construction of "natural" disasters, -the act redefining areas by local redevelopment agencies as "blighted", -is an arterial road in Menlo Park, California, notable for its concentration of venture capital companies/ tech firms, -a collection of firms in an industry in a particular geographical region, i.e. Today, we insure mortgages for single family, multifamily, and residential care facilities nationwide. U.S. Department of Housing and Urban Development 26 Federal Plaza, Room 3532 New York, NY 10278-0068 Telephone (212) 542-7519 or 1-800-496-4294 Fax (212) 264-9829 * TTY (212) 264-0927 For Delaware, District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia: Learn vocabulary, terms, and more with flashcards, games, and other study tools. Determining the APR for federal truth-in-lending purposes is more complicated for an adjustable rate mortgage loan that it is for a fixed rate mortgage loan. Its purpose was to reduce crop surplus so as to effectively raise the value of crops, thereby giving farmers relative stability again. -called for an end to racial discrimination in all public and private housing in the state and immediately met opposition in the California legislature. NEW! -deeds that prevented whites from selling their houses to non-whites. More than 50 million students study for free with the Quizlet app each month. 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