Home Owners Loan Administration

HOLC

This program is for the relief of others

It will refinance home mortgage currently in default to prevent foreclosure



What is the act supposed to do?

It will refinance home mortgages currently in default to prevent foreclosure

Who is it supposed to help?

People going into foreclosure, non-farm homes that are worth less than $20000

Who won't it help?

People who live in crappy neighborhoods and people who had african Americans living in the neighborhood

How successful will it be?

It will be pretty successful because we will do this all through the Great Depression and a little bit after

Who is the leader of the program?

Franklin D Roosevelt
It will start in 1933