A federal grant is monetary funding awarded by the United States Federal Government to a recipient for humanitarian purposes or for the good of the general population. Federal Grants have specific guidelines and failure to follow these mandated guidelines can lead to severe legal impact for the recipient. These grants are awarded to state and county governments or to not for profit organizations. Individuals and businesses do not qualify for federal grants directly.…
The Federal Housing Administration (FHA) was created by National Housing Act of 1934. The FHA set standards for mortgages, properties, and buyers and insured loans originated by qualified lenders. While the FHA provided reassurance to mortgage lenders and created liquidity for the housing market, HOLC helped to avert default in the U.S. by refinancing defaulted loans. The Home Owner’s Loan Corporation (HOLC) raised capital by issuing bonds and buying FHA-insured mortgages. Subsequently, the HOLC purchased these toxic financial instruments; they reconstructed mortgages.…
Latifa Boujia U.S History and Government How was Lyndon B Johnson’s Great Society Successful? The great society was successful because of the goals that were set and how Lyndon B Johnson took initiative to reach these said goals. For instance, two main social reforms and goals that The Great Society tackled were racial injustice and poverty. Johnson also tackled education, medical care, urban problems, transportation and the arts.…
government program was created, also under President Roosevelt’s New Deal, was the Federal Housing Administration. The FHA devoted most of its attention to new loans by subsidizing the terms, making them a lot more affordable. What made the FHA so effective in providing loans to even those who would have never qualified was the guarantee of repayment to commercial lenders; the banks couldn’t lose. The FHA also introduced longer terms, which went from the typical 5-10 year loans into 15-20 year loans. The FHA also included low down or even no down payments, and level-payment mortgages as opposed to the old balloon notes from the previous years.…
On September 1st, 2012 it had it’s 75th anniversary; today it has been standing for a little over seventy-nine years. The WSA was a piece of New Deal Legislation that reflected the government 's recognition of sufficient housing as a critical societal demand. Landlords and the real estate industry started to believe that the WSA would be more beneficial to cities than smaller commonality. Senator Robert Wagner of New York believed the exact opposite, he was the driving force behind the WSA. Wagner introduced public housing bills in three consecutive congresses; 1934, 1935, and 1936.…
In the textbook Inequality in US Social Policy, Bryan Warde introduces the chapter by defining social welfare. Social welfare is defined as “a subset of social policy, a system of governmental laws, programs and benefits, and services that are designed to protect against the broadly distributed risk to income” (Hacker, 2002) (Warde, 2017 p. 184). Warde expands on the notion of social welfare in the field of social work.…
In March 1933, millions of people faced the loss of their homes due to large-scale unemployment and by wage reductions in the Great Depression. Many borrowers were unable to meet mortgage payments resulting in a wave of foreclosures and homelessness. The Home Owners Loan Act of 1933 and the Home Owners' Loan Corporation Act was passed by Congress on June 13, 1933 and created the Federal Home Loan Bank Board (FHLBB). The FHLBB was directed to establish a new federal agency, the Home Owners Loan Corporation (HOLC) to provide emergency relief to lower mortgages, to help stabilize real estate that had depreciated, to stop foreclosures and provide relief for troubled mortgage lenders. Home Owners Loan Corporation Franklin D Roosevelt (FDR) was…
In certain states in the United States, there has recently been an influx in the population in some cities. Since there has been an increase in population, low income families are being forced to move out of the city and into more affordable housing. Affordable housing is usually located outside the city limits. In order to solve this problem there has been various solutions implemented to keep affordable housing within city limits. One solution has been federal project-based rental assistance (PBRA).…
Jacklin Jones Urban Society Book Report Fall ‘15 Black on the Block: The Politics of Race and Class in the City History is always changing and repeating itself. According to the Housing Act of 1954, it changed urban “redevelopment” into urban “renewal” and “conservation”. Therefore, this had shifted the focus to areas that is threatened by diseases and enlarged the constructions of the federal government to support beyond residential (Pattillo, 310).…
The greenwood neighborhood in Tulsa,Oklahoma housed one of the most successful black economies in American history. The area is now commonly referred to as’’ The Black Wall Street’’. Most of the business and homes were burned down in the Tulsa Race Riot of 1921. The team’’Nero Wall Street’’was coined by none other than famed African-American author and educator, Booker T Washington.…
Women during the Progressive Era of the late 19th century on into the early 20th functioned in separate spheres, which meant that the men went out and worked and the women stayed home. During the 19th century women became more active outside of the home and wanted to be more involved. In 1890 the National Consumers’ League was founded in New York and went on to become national in 1899. This organization was put into place to provide protective legislation for women and children. Consequently, occurring during this year was the opening of the Settlement House Movement in Chicago, which was created by Jane Addams.…
The ending of World War Two ignited a fresh start for the United States, the post war era ushered in changes in American culture, education, and economy. Although the post war era is known as a successful period in American history, the return of soldiers and soaring birth rates brought an intensive demand for affordable housing. In the year of 1945, the federal government implemented several reforms that would change the idea of what it meant to be a homeownership and the idea of what it meant to be an American. “Homeownership as the American dream shifted into an idea that it was the right to be a homeowner.” Housing programs such as the serviceman readjustment act of 1944 (G.I. Bill) and increase funding for the federal housing administration (FHA) ensured veterans, along with blue and white…
Plumbing and other amenities would be installed, and someone would be put in charge of making sure the house remained clean and orderly. However, while doing this, rents would remain as low as possible. In the same manner, new buildings would be built to at least these standards. The buildings built by the Improved Dwellings Association gave each family two to four rooms.…
The Civil Rights Act of 1964 Racial segregation was an unfortunate part of the U.S history. Before the mid 1960’s, people were not only discriminated against by their skin color, but also segregated from the rest in public facilities, education and employment. In 1964 however, The Civil Rights Act of 1964 was enacted. This legislation outlawed any discrimination based in skin color, gender, religion, and sex in the workplace as well as in public places.…
(History.com Fair Housing Act of 1968) This meant to alleviate the discrimination of blacks but only as far as housing went. Sadly, there is a long way to go. If we have learned anything from the past, it should be that everyone in this country must be treated…