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. 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. The Housing Act of 1937 builds on this legislation.

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. 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. The Housing Act of 1937 builds on this legislation.