HIST 221 Chapter reading: Reading Insuring Inequality
19 Oct 2018
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Fha policies discourages mortgage lenders to provide home loans to african americans or anyone living in racially integrated neighbourhoods in the 30s and 40s. Fha put a seal of approval on ethnic and racial discrimination and developed policies which had the result of practical abandonment of large sections of older, industrial cities. The 1934 national housing act emerged as a collaborative effort between the federal government and private financial and housing industry leaders. The nha had an interventionist approach to the crisis after the stock market crash that could conduct private market activity without acting as a mortgage lender and this created the. The fha could dictate the terms and conditions of home lending. The fha constructed blackness into a unique financial class and this prevented integration. The fha concluded that aa could never assimilate into white areas of the metropolis in the way that second and third generation white immigrants did.
