By creating the financial mortgaging system that Americans still use today, the FHA made home buying more accessible for millions of people.
Source: tatoeba (8312386)
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By creating the financial mortgaging system that Americans still use today, the FHA made home buying more accessible for millions of people.
Source: tatoeba (8312386)
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.
Source: wiktionary