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Home Owners' Loan Corporation
The Home Owners' Loan Corporation (HOLC) was a government-sponsored corporation created as part of the New Deal. The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt. Its purpose was to refinance home mortgages currently in default to prevent foreclosure, as well as to expand home buying opportunities. The HOLC created a housing appraisal system of color-coded maps that categorized the riskiness of lending to households in different neighborhoods. While the maps relied on various housing and economic measures, they also used demographic information (such as the racial, ethnic, and immigrant composition of neighborhoods) to categorize creditworthiness. Since Kenneth T. Jackson's work in the 1980s, a number of studies have found that HOLC was a key promoter of redlining and a driver of racial residential segregation and racial wealth inequality in the United States. Organizational history HO ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Home Loan Bank Board Building
The Federal Home Loan Bank Board Building is a historic structure located in Downtown Washington, D.C. It was listed on the National Register of Historic Places in 2007. History The structure was built to house the Acacia Mutual Insurance Company, which was the only federally chartered life insurance company. It was incorporated in 1869 as the Masonic Mutual Relief Association of the District of Columbia. The Federal government took possession of the building in 1934 to house the Federal Home Loan Bank Board, which is how the building acquired its name in 1937. It was a New Deal program that supported home ownership. Architecture George E. Mathews of the architectural firm of Hoggson Brothers was the original architect for the building. Louis A. Simon of the Public Works Branch in the United States Department of the Treasury, Department of the Treasury was the architect for an addition that was built from 1935 to 1937. The building exemplifies early-20th-century Classical R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reorganization Act Of 1939
The Reorganization Act of 1939, , is an American Act of Congress which gave the President of the United States the authority to hire additional confidential staff and reorganize the executive branch (within certain limits) for two years subject to legislative veto.Dickinson, Matthew J. ''Bitter Harvest: FDR, Presidential Power and the Growth of the Presidential Branch.'' New York: Cambridge University Press, 1999. It was the first major, planned reorganization of the executive branch of the government of the United States since 1787.Mosher, Frederick C. ''American Public Administration: Past, Present, Future.'' 2d ed. Birmingham, Ala.: University of Alabama Press, 1975. The Act led to Reorganization Plan No. 1, which created the Executive Office of the President. 1937 bill As Governor of New York, Franklin D. Roosevelt had a reputation for reorganizing government in order to achieve efficiency.Olson, James Stuart. ''Historical Dictionary of the Great Depression, 1929–1940 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal Agencies
The alphabet agencies, or New Deal agencies, were the U.S. federal government agencies created as part of the New Deal of President Franklin D. Roosevelt. The earliest agencies were created to combat the Great Depression in the United States and were established during Roosevelt's first 100 days in office in 1933. In total, at least 69 offices were created during Roosevelt's terms of office as part of the New Deal. Some alphabet agencies were established by Congress, such as the Tennessee Valley Authority. Others were established through Roosevelt executive orders, such as the Works Progress Administration and the Office of Censorship, or were part of larger programs such as the many that belonged to the Works Progress Administration. Some of the agencies still exist today, while others have merged with other departments and agencies or were abolished. The agencies were sometimes referred to as alphabet soup. Libertarian author William Safire notes that the phrase "gave col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1933 Establishments In The United States
Events January * January 11 – Australian aviator Sir Charles Kingsford Smith makes the first commercial flight between Australia and New Zealand. * January 17 – The United States Congress votes in favour of Philippines independence, against the wishes of U.S. President Herbert Hoover. * January 28 – "Pakistan Declaration": Choudhry Rahmat Ali publishes (in Cambridge, UK) a pamphlet entitled ''Now or Never; Are We to Live or Perish Forever?'', in which he calls for the creation of a Muslim state in northwest India that he calls "Pakistan, Pakstan"; this influences the Pakistan Movement. * January 30 ** Nazi Party leader Adolf Hitler is appointed Chancellor of Germany (German Reich), Chancellor of Germany by President of Germany Paul von Hindenburg. ** Édouard Daladier forms a government in France in succession to Joseph Paul-Boncour. He is succeeded on October 26 by Albert Sarraut and on November 26 by Camille Chautemps. February * February 1 – Adolf Hitle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Archives And Records Administration
The National Archives and Records Administration (NARA) is an independent agency of the United States government within the executive branch, charged with the preservation and documentation of government and historical records. It is also tasked with increasing public access to those documents that make up the National Archives. NARA is officially responsible for maintaining and publishing the legally authentic and authoritative copies of acts of Congress, presidential directives, and federal regulations. NARA also transmits votes of the Electoral College to Congress. It also examines Electoral College and constitutional amendment ratification documents for prima facie legal sufficiency and an authenticating signature. The National Archives, and its publicly exhibited Charters of Freedom, which include the original United States Declaration of Independence, Constitution of the United States, United States Bill of Rights, Emancipation Proclamation (starting in 2026), and m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Home Loan Banks
The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment. Overview The FHLBank System was chartered by Congress in 1932, during the Great Depression. It has a primary mission of providing member financial institutions with financial products/services which assist and enhance the financing of housing and community lending. FHLBanks operate exclusively in the secondary market providing loans (advances) to financial institutions, not individuals. The 11 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan associations (thrifts), commercial banks, credit unions, and insurance companies. While FHLBanks are private, the FHLBank System is directly regulated by the Federal Housing Finance Agency (FHFA) and FHLBanks enjoy certain benefits from their government s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenneth T
Kenneth is a given name of Gaelic origin. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a byname meaning "handsome", "comely". Etymology The second part of the name ''Cinaed'' is derived either from the Celtic ''*aidhu'', meaning "fire", or else Brittonic ''jʉ:ð'' meaning "lord". People Fictional characters * Kenneth Widmerpool, character in Anthony Powell's novel sequence ''A Dance to the Music of Time'' * Kenneth Parcell from 30 Rock Places In the United States: * Kenneth, Minnesota * Kenneth City, Florida In Scotland: * Inch Kenneth Inch Kenneth () is a small grassy island off the west coast of the Isle of Mull, in Scotland. It is at the entrance of Loch na Keal, to the south of Ulva. It is part of the Loch na Keal National Scenic Area, one of 40 in Scotland. It is within ..., an island off the west coast of the ... [...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 Independent agencies of the United States government, United States government agency founded by President Franklin D. Roosevelt, Franklin Delano Roosevelt, established in part by the National Housing Act of 1934. Its primary function is to provide Mortgage insurance, insurance for mortgages originated by private lenders for various types of properties, including single-family homes, multifamily rental properties, hospitals, and residential care facilities. FHA mortgage insurance serves to safeguard these private lenders from financial losses. In the event that a property owner Default (finance), defaults on their mortgage, FHA steps in to compensate the lender for the outstanding principal balance. Under this insurance arrangement, lenders assume a diminished level of risk, thereby allowing them to offer a larger number of mortgages. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price V
A price is the (usually not negative) quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, especially when the product is a service rather than a physical good, the price for the service may be called something else such as "rent" or "tuition". Prices are influenced by production costs, supply of the desired product, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions. Price can be quoted in currency, quantities of goods or vouchers. * In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.) * Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers ... [...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. The HHFA was led by former Federal Housing Administration Commissioner, Raymond M. Foley, from its inception in 1947 to 1953 and by former Kansas Congressman Albert M. Cole from 1953 to 1959 where he oversaw the Housing Act of 1954.https://www.eisenhowerlibrary.gov/sites/default/files/research/online-documents/presidential-appointment-books/1954/august-1954.pdf In 1960 Jack T. Conway became the Deputy Administrator and acting Administrator until Robert C. Weaver's appointment in February 1961 through to its dissolution in 1965 when Robert C. Weaver took over as the Secretary of the superseding Department of Housing and Urban Development. Organizational history HHFA was established as a permanent agency by Reorganization Plan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
