HousingFederal Housing Gpo Form

Instructions and help about HousingFederal Housing Gpo

[Music] let's review some of the history of the federal housing administration established by congress in 1934 the fha has become one of the most important sources of financing for first-time home buyers its original mission was to improve housing conditions make mortgages more accessible and affordable and to reduce foreclosure rates during the 1940s the fha was key in financing housing for members of the military and veterans returning from world war ii then in the 1950s 60s and 70s the fha helped spur the production of privately owned apartments for elderly disabled and low-income americans in the 1970s inflation rates and energy costs rose drastically putting thousands of privately owned apartment buildings at risk of foreclosure the fha provided emergency financing in order to keep these properties in operation in the 1980s the recession caused many private mortgage insurers to stop insuring mortgages in oil producing states the fha was able to fill their role and help homebuyers