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Housing And Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the "Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing And Home Finance Agency
The Housing and Home Finance Agency (HHFA) was responsible for the principal housing programs of the United States from 1947 to 1965. It was superseded by the U.S. Department of Housing and Urban Development and preceded by the National Housing Agency. Organizational history HHFA was established as a permanent agency by Reorganization Plan No. 3 of 1947, effective July 24, 1947, replacing the National Housing Agency. Initially consisted of Federal Housing Administration, Public Housing Administration, and Federal Home Loan Bank Board, the last of which separated from HHFA in 1955. It acquired the Federal National Mortgage Association from the Federal Loan Agency as a constituent unit in 1950. The HHFA Division of Community Facilities and Operations and HHFA Division of Slum Clearance and Urban Redevelopment were redesignated the Community Facilities Administration and Urban Renewal Administration Urban means "related to a city". In that sense, the term may refer to: * Urban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lyndon B
Lyndon may refer to: Places * Lyndon, Alberta, Canada * Lyndon, Rutland, East Midlands, England * Lyndon, Solihull, West Midlands, England United States * Lyndon, Illinois * Lyndon, Kansas * Lyndon, Kentucky * Lyndon, New York * Lyndon, Ohio * Lyndon, Pennsylvania * Lyndon, Vermont * Lyndon, Sheboygan County, Wisconsin, a town * Lyndon, Juneau County, Wisconsin, a town Other uses * Lyndon State College, a public college located in Lyndonville, Vermont People * Lyndon (name), given name and surname See also * Lyndon School (other) * Lyndon Township (other) * * Lydon (other) * Lynden (other) * Lindon (other) * Linden (other) {{disambig, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Act Of 1954
The ''Housing Act of 1954'', , passed during the Dwight D. Eisenhower Administration, comprised a series of amendments to the National Housing Act of 1934. Referred to within the legislation simply as the "National Housing Act", the program was managed by the Federal Housing Administration (FHA), an agency created by the 1934 Act. Previous amendments to the 1934 Act were made in 1937 and 1949. The 1954 Act provided funding for 140,000 units of public housing, giving preferential treatment to families that would be relocated for slum eradication or revitalization. In 1965, federal housing programs came under the purview of the new United States Department of Housing and Urban Development The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Ur ... (HUD). See also * Mill Creek Valley § ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Act Of 1949
The American Housing Act of 1949 () was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing. It was part of President Harry Truman's program of domestic legislation, the Fair Deal. Background During the Roosevelt administration the National Housing Act of 1934 which established the Federal Housing Administration (FHA) and the Housing Act of 1937 were signed into law, the latter of which directed the federal government to subsidize local public housing agencies. On April 12, 1945 the passing of President Franklin D. Roosevelt propelled Harry S. Truman Vice President into the seat of Presidency. Truman secured the Democratic nomination in 1948 presidential election, with a platform promising to provide for slum clearance and low-rent housing projects. Truman was elected to a full term in 1948 with the Democrats also reclaiming the House of Representatives and the Senate. In his 1949 State of the Union addres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reorganization Plan Number 3
A corporate action is an event initiated by a public company that brings or could bring an actual change to the securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders. For some events, shareholders or bondholders are permitted to vote on the event. Examples of corporate actions include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs. Some corporate actions such as a dividend (for equity securities) or coupon payment (for debt securities) may have a direct financial impact on the shareholders or bondholders; another example is a call (early redemption) of a debt security. Other corporate actions such as stock split may have an indirect financial impact, as the increased liquidity of shares may cause the price of the stock to decrease. Some corporate actions, such as name changes or ticker symbol changes to better reflect a company's busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Housing Agency
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the "Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative prioritie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fannie Mae
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. In 2022, Fannie Mae was ranked number 33 on the ''Fortune'' 500 rankings of the largest United States corporations by total revenue. __TOC__ History Background and early decades Historically, most housing loans in the early 1900s in the United States were s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slum-clearance
Slum clearance, slum eviction or slum removal is an urban renewal strategy used to transform low income settlements with poor reputation into another type of development or housing. This has long been a strategy for redeveloping urban communities; for example slum clearance plans were required in the United Kingdom in the Housing Act 1930, while the Housing Act of 1937 encouraged similar clearance strategies in the United States. Frequently, but not always, these programs were paired with public housing or other assistance programs for the displaced communities. Reasons Slum clearance is still practiced today in a number of different situations. During major international events like conferences and sporting competitions, governments have been known to forcefully clear low income housing areas, as a strategy to impress the international attention in an attempt to reduce the visibility of the host city's apparent poverty. Other attempts at slum clearance have been subject to other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Housing Authority
The United States Housing Authority, or USHA, was a federal agency created during 1937 within the United States Department of the Interior by the Housing Act of 1937 as part of the New Deal. It was designed to lend money to the states or communities for low-cost construction. History Units for about 650,000 low-income people, but mostly for the homeless, were started. Progressives early in the 20th century had argued that improving the physical environment of poorer citizens would improve their quality of life and chances for success (and cause better social behavior). As governor of New York, Al Smith began public housing programs for low-income employed workers. US Senator Robert F. Wagner (D-New York) carried those beliefs into the 1930s, when he was a power in the United States Congress. From 1933-37, the Public Works Administration (PWA) under Harold Ickes razed 10,000 slum units and built 22,000 new units, with the primary goal of providing construction jobs. Ickes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Act Of 1937
The Housing Act of 1937 (), formally the "United States Housing Act of 1937" and sometimes called the Wagner–Steagall Act, provided for subsidies to be paid from the U.S. government to local public housing agencies (LHAs) to improve living conditions for low-income families. The act created the United States Housing Authority within the US Department of the Interior. The act builds on the National Housing Act of 1934, which created the Federal Housing Administration. Both the 1934 Act and the 1937 Act were influenced by American housing reformers of the period, with Catherine Bauer Wurster chief among them. Bauer drafted much of this legislation and served as a Director in the United States Housing Authority, the agency created by the 1937 Act to control the payment of subsidies, for two years. The sponsoring legislators were Representative Henry B. Steagall, Democrat of Alabama, and Senator Robert F. Wagner, Democrat of New York. Although initially controversial, it gained a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Insurance
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG), particularly in the UK. Australia In Australia, borrowers must pay Lenders Mortgage Insurance (LMI) for home loans over 80% of the purchase price. Singapore In Singapore, it is mandatory for owners of HDB flats to have a mortgage insurance if they are using the balance in their Central Provident Fund (CPF) accounts to pay for the monthly installment on their mortgage. However, they have the choice of selecting a mortgage insurance administered by the CPF Board or stipulated private insurers. On the other hand, it is not mandatory for owners of private homes in Singapore to take a mortgage insurance. United States P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Housing Administration
The Federal Housing Administration (FHA), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, created in part by the National Housing Act of 1934. The FHA insures mortgages made by private lenders for single-family properties, multifamily rental properties, hospitals, and residential care facilities. FHA mortgage insurance protects lenders against losses. If a property owner defaults on their mortgage, FHA pays a claim to the lender for the unpaid principal balance. Because lenders take on less risk, they are able to offer more mortgages. The goal of the organization is to facilitate access to affordable mortgage credit for low- and moderate-income and first-time homebuyers, for the construction of affordable and market rate rental properties, and for hospitals and residential care facilities in communities across the United States and its terri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
