Economic-Strategy

Housing Act of 1949 Creates Urban Renewal Program, Becomes "Negro Removal"

1949-07-15 00:00:00 +0000 UTC | Importance: 8/10

President Truman signs the Housing Act of 1949, establishing the Title I Urban Renewal Program that provides federal grants to local governments for slum clearance and redevelopment. While the act sets a goal of ensuring “a suitable home and decent living environment for all Americans,” …

U.S. Congress President Harry Truman Local Redevelopment Agencies institutional-capture racial-oppression housing-policy economic-strategy

Home Owners' Loan Corporation Created, Establishes Racial Appraisal Framework

1933-06-13 00:00:00 +0000 UTC | Importance: 8/10

President Roosevelt signs the Home Owners’ Loan Act, creating the Home Owners’ Loan Corporation (HOLC) as an emergency response to the mortgage crisis of the Great Depression. Between 1933 and 1936, HOLC refinances approximately one million mortgages (one-tenth of all urban homes with …

Home Owners' Loan Corporation Franklin D. Roosevelt Federal Home Loan Bank Board Real estate appraisers institutional-capture racial-oppression housing-policy economic-strategy housing