HUD and FHA have HELPED AMERICANS to be the BEST HOUSED…….
in the world. FHA created in 1934 when housing industry was flat on its back & the U. S. was
primarily a nation of RENTERS. During the 1940s, FHA programs helped finance military housing &
homes for returning veterans. In 1950s, l960s & 1970s, FHA helped spark the production of millions of privately-owned apartments for elderly, handicapped & lower income Americans. When soaring
inflation & energy costs threatened the surival of thousands of apartment buildings, FHA’s emergency
financing keep them afloat. In 1980s & early 1990s, made it possible for homebuyers to get the
financing they needed when recession prompted private mortgage insurers to pull out of oil producing
states. By 2001, homeownership was at 68.1%. HUD and FHA LOANS HAVE HELPED CREATE THIS.