National Housing Act of 1934

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The National Housing Act of 1934 is a U.S. federal law enacted during the New Deal to stimulate the housing market by improving mortgage lending practices and expanding homeownership through government-backed insurance programs.

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Statements (48)

Predicate Object
instanceOf New Deal legislation
United States federal statute
administeredBy Federal Housing Administration
aimedToAddress high foreclosure rates in the early 1930s
housing shortages during the Great Depression
instability in mortgage lending markets
appliesTo private financial institutions participating in FHA programs
residential mortgage loans meeting FHA standards
authorized federal insurance of private mortgage loans
branchOfGovernment legislative
codifiedIn Title 12 of the United States Code
country United States
createdAgency FHA
Federal Housing Administration
dateEnacted 1934-06-27
effect extension of mortgage repayment periods
reduction of down payment requirements for home purchases
standardization of long-term, amortized mortgages in the United States
enactedDuring New Deal
focus improvement and modernization loans
mortgage insurance for single-family homes
historicalContext Great Depression
jurisdiction United States federal government
legislativeBody United States Congress
longTermImpact expansion of homeownership in the United States
growth of the 30-year fixed-rate mortgage
increased federal role in housing finance
partOf New Deal housing programs
linked to: New Deal
policyArea banking and finance
housing policy
mortgage insurance
urban development
presidentAtEnactment Franklin D. Roosevelt
provides federal insurance for approved home mortgages
insurance for lenders against mortgage default
purpose to expand homeownership
to improve mortgage lending practices
to provide federal insurance for home mortgages
to stimulate the housing market
relatedLegislation Housing Act of 1937
Housing Act of 1949
shortTitle National Housing Act
signedBy Franklin D. Roosevelt
sponsorType Democratic administration initiative
targetGroup homebuyers
mortgage lenders
targetSector residential housing market
yearEnacted 1934

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Referenced by (14)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Housing Administration legalBasis National Housing Act of 1934
United States housing policy regulatedBy National Housing Act of 1934
Home Owners' Loan Act of 1933 relatedTo National Housing Act of 1934
Home Equity Conversion Mortgage program legalAuthority Section 255 of the National Housing Act
linked to: National Housing Act of 1934
National Housing Act of 1934 shortTitle National Housing Act
linked to: National Housing Act of 1934
Housing and Economic Recovery Act of 2008 amends National Housing Act
linked to: National Housing Act of 1934
Housing and Community Development Act of 1977 amends National Housing Act
linked to: National Housing Act of 1934
Federal Savings and Loan Insurance Corporation createdBy National Housing Act of 1934
Catherine Bauer Wurster movement New Deal housing reform
linked to: National Housing Act of 1934
Public Law 93-383 amendedAct National Housing Act
linked to: National Housing Act of 1934
Federal Home Loan Bank Act relatedTo National Housing Act of 1934
Housing and Urban Development Act of 1968 amended National Housing Act
linked to: National Housing Act of 1934
Public Law 101-73 amends National Housing Act
linked to: National Housing Act of 1934
Emergency Home Finance Act of 1970 relatedTo National Housing Act
linked to: National Housing Act of 1934