The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. It insured loans made by banks and other private lenders for home building and home buying. The goals of this organization are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market. As of July, 2011, the Acting Commissioner of the FHA is Carol Galante.
Other articles related to "housing, federal housing administration, administration, federal, federal housing":
... The National Housing Act of 1934 created the Federal Housing Administration (FHA), which was established primarily to increase home construction, reduce unemployment, and operate various loan insurance ... As in the Veterans Administration's VA loan program, the applicant for the loan must make arrangements with a lending institution ... The federal government, through the Federal Housing Administration, investigates the applicant and, having decided that the risk is favorable, insures the lending ...
... renewal in the 1950s, 1960s, and 1970s federal government projects demolished 20 percent of urban housing units inhabited by African Americans at the same time they only demolished 10 percent of ... who lived in urban areas still lost housing at about 80 percent of what had been lost in the 60s ...
... In the 1930s, the Federal Housing Authority established mortgage underwriting standards that significantly discriminated against minority neighborhoods ... As the significance of subsidized mortgage insurance on the housing market grew, home values in inner-city minority neighborhoods plummeted ... practice, known as redlining, was made illegal by the Fair Housing Act of 1968 ...
Famous quotes containing the words federal and/or housing:
“The Federal Constitution has stood the test of more than a hundred years in supplying the powers that have been needed to make the Central Government as strong as it ought to be, and with this movement toward uniform legislation and agreements between the States I do not see why the Constitution may not serve our people always.”
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