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.
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.
Nehemiah Corporation of America is a non-profit organization based in Sacramento, California specializing in homeownership, affordable housing and community development. It started in 1994 as a small organization, but grew to prominence later in the 1990s after it developed a program that allowed home buyers to make down payments on their purchases using funds that were derived from the home sellers. This program, the Nehemiah Program, became popular and was widely emulated, giving birth to what came to be known as the seller-funded down-payment assistance industry. The industry attracted criticism from U.S. federal agencies and was ultimately shut down in 2008 by a change in federal law.
The Atlanta Housing Authority (AHA) is an agency that provides affordable housing for low-income families in Atlanta. Today, the AHA is the largest housing agency in Georgia and one of the largest in the United States, serving approximately 50,000 people.
The Philadelphia Housing Authority (PHA) is a municipal authority providing Public housing services in Philadelphia, Pennsylvania.
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 Housing Act of 1937, formally the "United States Housing Act of 1937" and sometimes called the Wagner–Steagall Act, provided for subsidies to be paid from the United States federal government to local public housing agencies (LHAs) to improve living conditions for low-income families.
The Housing Commission of Victoria was a Government of Victoria body responsible for public housing in Victoria, Australia. It was established in 1938, and was abolished in 1984.
In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents. In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings. These complexes are operated by state and local housing authorities which are authorized and funded by the United States Department of Housing and Urban Development (HUD). In 2020, there were one million public housing units. In 2022, about 5.2 million American households that received some form of federal rental assistance.
The Palmer Woods Historic District is a neighborhood located in Detroit, Michigan, bounded by Seven Mile Road, Woodward Avenue, and Strathcona Drive. There are approximately 295 homes in the 188-acre (0.76 km2) district, which is between the City of Highland Park in Wayne County and the City of Ferndale in Oakland County. It was listed on the National Register of Historic Places in 1983. The Detroit Golf Club is nearby.
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."
Lakewood Heights is a primarily Black neighborhood in southeast Atlanta. It is bounded by:
Beaver Slide or Beavers' Slide was an African American slum area near Atlanta University documented as early as 1882. It was replaced by the University Homes public housing project in 1937, which was razed in 2008–9.
In 1994 the Atlanta Housing Authority, encouraged by the federal HOPE VI program, embarked on a policy created for the purpose of comprehensive revitalization of severely distressed public housing developments. These distressed public housing properties were replaced by mixed-income communities.
Charles Forrest Palmer was an Atlanta real estate developer who became an expert on public housing and organized the building of Techwood Homes, the first public housing project in the United States. He would later head up both the newly created Atlanta Housing Authority and the Chamber of Commerce.
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.
Slum clearance in the United States has been used as an urban renewal strategy to regenerate derelict or run-down districts, often to be replaced with alternative developments or new housing. Early calls were made during the 19th century, although mass slum clearance did not occur until after World War II with the introduction of the Housing Act of 1949 which offered federal subsidies towards redevelopments. The scheme ended in 1974 having driven over 2,000 projects with costs in excess of $50 billion.
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.
