1930s
Major event that is regarded as having begun in 1929 with the Stock Market crash and ending in 1941 with America's entry into World War II
The Great Depression
What major war influenced housing policy in the 1940s?
What is World War II
Which program was introduced in 1959 to provide loans for elderly housing?
Section 202 Direct Loan Program
In what year was the Department of Housing and Urban Development (HUD) created?
1965
What year was the Community Development Block Grant (CDBG) program established?
1974
What 1987 law provided federal aid for the homeless?
McKinney-Vento Homeless Assistance Act?
In what year was the HOPE VI program introduced to improve public housing?
1992
What major housing crisis began in 2007?
Subprime mortgage crisis
In what year was the Federal Housing Administration (FHA) created?
1934
How did World War II affect housing in the U.S.?
Housing shortage due to halted residential construction
What year saw the passage of the Housing Act that emphasized slum clearance and urban renewal?
1954
Initiated in 1966, this program aimed to revitalize urban areas through comprehensive planning and coordinated federal assistance.
What is the Model Cities Program
What 1977 law encouraged banks to lend in low-income neighborhoods?
Community Reinvestment Act
When was the Fair Housing Act amended to prohibit discrimination against persons with disabilities or based on family status.
1989
Which 1998 law reformed public housing?
Quality Housing and Work Responsibility Act
Which act, passed in 2008, aimed to stabilize the housing market?
Housing and Economic Recovery Act
Which agency was created in 1938 to provide a secondary market for mortgage loans?
What is Fannie Mae
This 1944 act, commonly known as the GI Bill, provided various benefits for returning World War II veterans, including home loan guarantees.
Servicemen’s Readjustment Act
Which type of planning grants were introduced in 1954 to assist cities?
Urban Planning Grants
Created in 1968, this association was established to promote homeownership by providing a secondary market for mortgage loans.
Government National Mortgage Association (Ginnie Mae)
Which program, created in 1977, aimed to revitalize struggling urban areas?
Urban Development Action Grant (UDAG)
Budgetary constraints eliminated which Section 8 program?
New Construction and Substantial Rehabilitation programs
Which technology made housing applications easier in the 1990s
The internet
Which government agency took control of Fannie Mae and Freddie Mac in 2008?
Federal Housing Finance Agency (FHFA)
In what year was the U.S. Housing Act, which created public housing, passed?
1937
Established in 1942, this agency consolidated federal housing programs during World War II.
National Housing Agency
What was the primary goal of urban renewal programs in the 1950s?
To improve cities by remove blight
Enacted in 1968, this act prohibited discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, and later, other characteristics.
Fair Housing Act
Why did HUD shift toward block grants in the 1970s
Provide local governments with more flexibility in spending
What was the purpose of the Low-Income Housing Tax Credit (LIHTC) introduced in 1986?
Encourage private investment in affordable housing
What was a major goal of housing policy in the 1990s?
homeownership expansion
What program was created in 2009 to help homeowners avoid foreclosure?
Making Home Affordable Program
Created in 1933, this corporation was formed to refinance home mortgages currently in default to prevent foreclosure
Homeowners Loan Corporation (HOLC)
What was created in 1947 to oversee federal housing and finance programs?
Housing and Home Finance Agency
What year did the Federal Rent Control end?
1953
What was the primary strategy of urban renewal in the 1950s?
demolishing deteriorating housing to build new developments
Why did HUD introduce Section 8 housing assistance in the 1970s?
shift away from public housing toward subsidies for private rentals
What was a major housing trend in the 1980s?
What is reduced federal spending on housing?
Which act created the Indian Housing Block Grant program.
The Native American Housing Assistance and Self-Determination Act of 1996
Which two mortgage giants were taken over by the government in 2008?
Fannie Mae and Freddie Mac