Law
National Housing Act of 1934 (FHA Creation)
Established the Federal Housing Administration to insure mortgages and expand homeownership.
Year
1934
Impact
Negative
Status
Active
Party
Democratic Party
Era
Jim Crow and Disenfranchisement
Impact Context
Expanded homeownership but excluded Black Americans through discriminatory underwriting practices.
What This Policy Did
Expanded homeownership but excluded Black Americans through discriminatory underwriting practices.
Evidence and Linked Records
Federal Reparations Direct Compensation Act
Critical • Idea • 1 linked bills
Redlining Reparations and Homeownership Equity Act
Critical • Idea • 3 linked bills
Black Business Equity and Capital Access Act
High • Idea • 1 linked bills
Black Homeownership and Appraisal Fairness Act
High • Idea • 2 linked bills
Black Wealth Restoration and Baby Bonds Act
High • Idea • 1 linked bills
HBCU Capital and Research Equity Act
High • Idea • 6 linked bills
HBCU Endowment and Tuition Reparations Act
High • Idea • 1 linked bills
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Sources
Government
U.S. Department of Housing and Urban Development • Government
HUD history page stating that Congress created the FHA in 1934 as the housing market struggled during the Great Depression.
U.S. Department of Housing and Urban Development • Government • Jan 1, 2024
HUD legislative chronology describing the National Housing Act of 1934 as creating the FHA to insure long-term mortgage loans made by private lenders.
U.S. Department of Housing and Urban Development • Government • Jan 1, 2007
HUD report noting that Congress created FHA in the National Housing Act to expand opportunities for homeownership.