Fha

By creating the financial mortgaging system that Americans still use today, the FHA made home buying more accessible for millions of people.

White residents used Federal Housing Administration-insured loans to buy their way out of the projects and to move to shiny new middle-class subdivisions. […] The F.H.A.’s explicitly racist underwriting standards, which rated black and integrated neighborhoods as uninsurable, made federally insured home loans largely unavailable to black home seekers.