government






 

Question by  THardison (48)

What is the national housing act?

I need to understand the national housing act and how it effects my chances of purchasing a new house.

 
+4

Answer by  HarryK (46)

Passed in 1934, it led to the creation of the Federal Housing Administration (FHA). The FHA insures lenders, thereby allowing individuals to purchase homes with a smaller down payment.

 
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