The FHA and Government Sponsored Racial Discrimination
Before the creation of the Federal Housing Authority (FHA) in 1934, relatively few Americans owned their homes. The FHA made home ownership possible for many Americans by introducing low down-payment, long-term fixed-interest, self-amortizing loans. In 1938, the creation of the Federal National Mortgage Association (“Fannie Mae”) provided a market for Federal Housing Authority (FHA) loans, […]