Home Owners Loan Corporation

HOLC

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The HOLC was created by the US congress in June of 1933 and ended in 1936. It lowered the mortgages of the employed.


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The HOLC main task was to refinance home mortgages that were in risk of foreclosure due to the 1929 crash and the collapse of the housing industry.


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44% of its assistance went to "native white".

42% went to "native white and forgeign"

1% went to "negro"


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HOLC provided just over a million mortgages. they had lent out $350 billion. ($750 billion today)




By 1934 about one in five mortgages in America were owned by the corporation.