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 territories.
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local.
Lustron houses are prefabricated enameled steel houses developed in the post-World War II era United States in response to the shortage of homes for returning G.I.s by Chicago industrialist and inventor Carl Strandlund. Considered low-maintenance and extremely durable, they were expected to attract modern families who might not have the time or interest in repairing and painting conventional wood and plaster houses. Lustron production ceased in 1950 due to the company's inability to pay back the startup loans it had received from the Reconstruction Finance Corporation. Over 2,000 homes were constructed during the Lustron's brief production period, and many remain in use today. Several have been added to the National Register of Historic Places.
A mobile home is a prefabricated structure, built in a factory on a permanently attached chassis before being transported to site. Used as permanent homes, or for holiday or temporary accommodation, they are often left permanently or semi-permanently in one place, but can be moved, and may be required to move from time to time for legal reasons.
A company town is a place where practically all stores and housing are owned by the one company that is also the main employer. Company towns are often planned with a suite of amenities such as stores, houses of worship, schools, markets and recreation facilities. They are usually bigger than a model village.
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because this type of loan is more geared towards new house owners than real estate investors, FHA loans are different from conventional loans in the sense that the house must be owner-occupant for at least a year. Since loans with lower down-payments usually involve more risk to the lender, the home-buyer must pay a two-part mortgage insurance that involves a one-time bulk payment and a monthly payment to compensate for the increased risk. Frequently, individuals "refinance" or replace their FHA loan to remove their monthly mortgage insurance premium. Removing mortgage insurance premium by paying down the loan has become more difficult with FHA loans as of 2013.
Rosie the Riveter World War II Home Front National Historical Park is a United States national historical park located in Richmond, California, near San Francisco. The park preserves and interprets the legacy of the United States home front during World War II, including the Kaiser Richmond Shipyards, the Victory ship SS Red Oak Victory, a tank factory, housing developments and other facilities built to support America's entry into World War II. In particular, the role of women and African-Americans in war industries is explored and honored.
Detroit, the largest city in the state of Michigan, was settled in 1701 by French colonists. It is the first European settlement above tidewater in North America. Founded as a New France fur trading post, it began to expand during the 19th century with American settlement around the Great Lakes. By 1920, based on the booming auto industry and immigration, it became a world-class industrial powerhouse and the fourth-largest city in the United States. It held that standing through the mid-20th century.
State housing is a system of public housing in New Zealand, offering low-cost rental housing to residents on low to moderate incomes. Some 69,000 state houses are managed by Kāinga Ora – Homes and Communities, most of which are owned by the Crown. In excess of 31,000 former state houses exist, which are now privately owned after large-scale sell-offs during recent decades. Since 2014, state housing has been part of a wider social housing system, which also includes privately owned low-cost housing.
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.
The United States Housing and Economic Recovery Act of 2008 was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value. It was intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the two large U.S. suppliers of mortgage funding. States are authorized to refinance subprime loans using mortgage revenue bonds. Enactment of the Act led to the government conservatorship of Fannie Mae and Freddie Mac.
The Harriman Historic District is located in the northern section of Bristol, Pennsylvania, United States. It is a 17-acre (6.9 ha) residential area with 109 buildings, mostly houses, and the local secondary school.
Levitt & Sons was a real estate development company founded by Abraham Levitt and later managed by his son William Levitt. The company is most famous for having built the town of Levittown, New York. The company's designs and building practices revolutionized the home building industry and altered the north eastern landscape of the United States with massive suburban communities.
Prefabs were a major part of the delivery plan to address the United Kingdom's post–Second World War housing shortage. They were envisaged by war-time prime minister Winston Churchill in March 1944, and legally outlined in the Housing Act 1944.
The Lustron Houses of Jermain Street Historic District is located along that street in Albany, New York, United States. It consists of five prefabricated homes built by the Lustron Corporation after World War II. It was recognized as a historic district and listed on the National Register of Historic Places in 2009.
The Detroit Eight Mile Wall, also referred to as Detroit's Wailing Wall, Berlin Wall or The Birwood Wall, is a one-foot-thick (0.30 m), six-foot-high (1.8 m) separation wall that stretches about 1⁄2 mile (0.80 km) in length. 1 foot is buried in the ground and the remaining 5 feet is visible to the community. It was constructed in 1941 to physically separate black and white homeowners on the sole basis of race. The wall no longer serves to racially segregate homeowners and, as of 1971, both sides of the barrier have been predominantly black.
A council house is a form of British public housing built by local authorities. A council estate is a building complex containing a number of council houses and other amenities like schools and shops. Construction took place mainly from 1919 after the Housing Act 1919 to the 1980s, with much less council housing built since then. There were local design variations, but they all adhered to local authority building standards. The Housing Acts of 1985 and 1988 facilitated the transfer of council housing to not-for-profit housing associations with access to private finance, and these new housing associations became the providers of most new public-sector housing. By 2003, 36.5% of the social rented housing stock was held by housing associations.
Historic Seaside Village Co-operative encompasses a primarily residential area in the South End of Bridgeport, Connecticut. It is bounded on the east by Iranistan Avenue, the north by South Avenue, the south by Forest Court and by the west by Alsace Street. The property consists of a densely built collection of brick rowhouses, arranged in irregular combinations. The village was developed during World War I to alleviate a housing shortage caused by an influx of workers hired to work in the city's munitions factories. It is a good example of an early government-funded project of this type, and was a collaborative design effort by R. Clipston Sturgis, Skinner & Walker, and Arthur Shurtleff. The district was listed on the National Register of Historic Places in 1990.
The Ernest Eggiman House is a prefabricated house assembled in 1936 in Madison, Wisconsin. It was a product called the Motohome - an attempt to provide fast, inexpensive housing during the Great Depression. In 1994 it was added to the National Register of Historic Places as the only Motohome in Wisconsin.
Eight Mile-Wyoming area is located nearly 10 miles (16 km) from Paradise Valley on the northern boundary of Detroit and minimally resembled inner-city neighborhoods. Originally settled in the 1920s by thousands of optimistic migrant farmers, the area became a settlement opportunity for Blacks to construct and own their own homes. The area was fought over for development and housing projects for decades and represented an isolated concentration of Blacks in a vast population of whites.
