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The Great Society was a set of domestic programs in the United States launched by President Lyndon B. Johnson in 1964 and 1965. The term was first referenced during a 1964 speech by Johnson at Ohio University, then later formally presented at the University of Michigan, and came to represent his domestic agenda. The main goal was the total elimination of poverty and racial injustice.
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, established in part by the National Housing Act of 1934. Its primary function is to provide 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 defaults on their mortgage, FHA steps in to compensate the lender for the outstanding principal balance.
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the secretary of housing and urban development, who reports directly to the president of the United States and is a member of the president's Cabinet.
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs such as interest rates for those loans. It does that through guaranteeing to investors the on-time payment of mortgage-backed securities (MBS) even if homeowners default on the underlying mortgages and the homes are foreclosed upon.
The Fair Deal was a set of proposals put forward by U.S. President Harry S. Truman to Congress in 1945 and in his January 1949 State of the Union Address. More generally, the term characterizes the entire domestic agenda of the Truman administration, from 1945 to 1953. It offered new proposals to continue New Deal liberalism, but with a conservative coalition controlling Congress, only a few of its major initiatives became law and then only if they had considerable Republican Party support. As Richard Neustadt concludes, the most important proposals were aid to education, national health insurance, the Fair Employment Practices Commission, and repeal of the Taft–Hartley Act. They were all debated at length, then voted down. Nevertheless, enough smaller and less controversial items passed that liberals could claim some success.
The United States Maritime Administration (MARAD) is an agency of the United States Department of Transportation. MARAD administers financial programs to develop, promote, and operate the U.S. Maritime Service and the U.S. Merchant Marine. In addition, it conducts research and development activities in the maritime field; regulates the transfer of U.S. documented vessels to foreign registries; maintains equipment, shipyard facilities, and reserve fleets of Government-owned ships essential for national defense.
Its programs promote the use of waterborne transportation and its seamless integration with other segments of the transportation system, and the viability of the U.S. merchant marine. The Maritime Administration works in many areas involving ships and shipping, shipbuilding, port operations, vessel operations, national security, environment, and safety. The Maritime Administration is also charged with maintaining the health of the merchant marine, since commercial mariners, vessels, and intermodal facilities are vital for supporting national security, and so the agency provides support and information for current mariners, extensive support for educating future mariners, and programs to educate America's young people about the vital role the maritime industry plays in the lives of all Americans.
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.
Robert Clifton Weaver was an American economist, academic, and political administrator who served as the first United States secretary of housing and urban development (HUD) from 1966 to 1968, when the department was newly established by President Lyndon B. Johnson. Weaver was the first African American to be appointed to a US cabinet-level position.
The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks, also created by the act; the Federal Savings and Loan Insurance Corporation (FSLIC); and nationally-chartered thrifts. It was abolished and superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in 1989 due to the savings and loan crisis of the 1980s, as Federal Home Loan Banks gave favorable lending to the thrifts it regulated, leading to regulatory capture.
In his twelve years in office, United States President Franklin D. Roosevelt did not appoint or nominate a single African American to be either a secretary or undersecretary in his presidential cabinet. Denied such an outlet, African American federal employees in the executive branch began to meet informally in an unofficial Federal Council of Negro Affairs to try to influence federal policy on race issues. By mid-1935, there were 45 African Americans working in federal executive departments and New Deal agencies. Referred to as the Black Cabinet, Roosevelt did not officially recognize it as such, nor make appointments to it. First Lady Eleanor Roosevelt encouraged the group. Although many have ascribed the term to Mary McLeod Bethune, African American newspapers had earlier used it to describe key black advisors of Theodore Roosevelt, Taft, Harding, Coolidge, and Hoover.
The United States Housing Authority, or USHA, was a federal agency created during 1937 within the United States Department of the Interior by the Housing Act of 1937 as part of the New Deal.
Executive Schedule is the system of salaries given to the highest-ranked appointed officials in the executive branch of the U.S. government. The president of the United States appoints individuals to these positions, most with the advice and consent of the United States Senate. They include members of the president's Cabinet, several top-ranking officials of each executive department, the directors of some of the more prominent departmental and independent agencies, and several members of the Executive Office of the President.
The National Housing Conference (NHC) is an American non-profit organization based in Washington, D.C. established in 1931.
On August 26, 1954, President Dwight D. Eisenhower appointed an Interdepartmental Committee on Migratory Labor consisting of the Secretaries of Labor; Agriculture; Health, Education, and Welfare; Interior; and the Administrator of the Housing and Home Finance Administration. This Committee succeeded the Commission on Migratory Labor appointed by President Harry S. Truman in 1951. The name of the committee was changed in 1955 to the U.S. President's Committee on Migratory Labor. In November 1960 the President signed an executive order formally establishing the committee.
The Mutual Ownership Defense Housing Division of the Federal Works Agency, an agency of the United States government, operating from about 1940 to 1942 under the leadership of Colonel Lawrence Westbrook, was an attempt by the United States Government, late in the New Deal, to respond to the housing needs facing defense workers and develop housing projects for middle-income families utilizing the cooperative/mutual housing ownership concept. Under pressure by entrenched real estate interests and intense and competing resource needs caused by World War II, the Division lasted for only two years. As stated in the Second Annual Report of the Federal Works Agency:
"As a group, defense workers were also poor candidates for individual home ownership because the duration of their employment was uncertain, and because few of them had savings adequate to finance the downpayment on new homes. Recognizing these characteristics, attention was given early to some special form of housing to meet squarely the economic problem of the defense worker and one which, at the same time, might lead to an ultimate solution of the housing problems of millions of other American families of similar economic status."
The Federal Works Agency (FWA) was an independent agency of the federal government of the United States which administered a number of public construction, building maintenance, and public works relief functions and laws from 1939 to 1949. Along with the Federal Security Agency and Federal Loan Agency, it was one of three catch-all agencies of the federal government pursuant to reorganization plans authorized by the Reorganization Act of 1939, the first major, planned reorganization of the executive branch of the government of the United States since 1787.
President Lyndon B. Johnson created the Commission on April 2, 1964, with Executive Order 11150. He later abolished the Commission on October 2, 1964, with Executive Order 11182, and replaced it with the President's Review Committee for Developmental Planning in Alaska.
Robert Pitts (1909-1982) was the first African-American to serve as a Regional Administrator of the US Department of Housing and Urban Development (HUD).
Frank Smith Horne was an American lyricist, poet, and government official who was an influential figure in the Harlem Renaissance. He was a member of President Franklin Delano Roosevelt's Black Cabinet where he served as Assistant Director of the Division of Negro Affairs, National Youth Administration. Later, Horne worked for the Housing and Home Finance Agency and helped to found the National Committee Against Discrimination in Housing (NCDH).
References
- ↑ https://www.trumanlibrary.gov/library/personal-papers/raymond-m-foley-papers
- ↑ https://www.eisenhowerlibrary.gov/sites/default/files/research/online-documents/presidential-appointment-books/1954/august-1954.pdf
- ↑ "Records of the Housing and Home Finance Agency". National Archives. 2016-08-15. Retrieved 2017-10-24.
- "General Records of the Department of Housing and Urban Development". National Archives and Records Administration.
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