Home Owners Loan Administration
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