The National Housing Act

The National Housing Act, originally passed in 1934, aimed to improve housing conditions in the United States and increase homeownership. It established the Federal Housing Administration (FHA), which provides insurance for mortgages, making it easier for people to qualify for loans. This encourages banks to lend money for homes, helping more individuals and families buy houses. The act also introduced guidelines for safe construction and affordable housing, contributing to the growth of suburban development in the mid-20th century. Overall, it played a significant role in shaping American housing policies and accessibility to homeownership.