Enacted June 28, 1934

Also called the Capehart Act

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

Part of the the 2nd New Deal

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.

An act created to make home mortgages easier to acquire and also to reduce the foreclosure of family home mortgages by banks and mortgage lending companies.

It brought about the creation of federal saving loan insurance corporation and the federal housing administration (FHA), which creates greater opportunities for low-income earners to become home-owners by assisting with mortgages with down payments that are as much as 70% lesser than the average national requirement.

Addressed the "relief" as well as "recovery"

Federal Housing Act