Housing Act of 1949

  • Date: 1949
  • Part of Harry Truman's Fair Deal
  • Five main elements
    • Federal financing for slum clearance
    • Increased authorization for FHA mortgage insurance
    • Federal funding for public housing units
    • Funding for research on building techniques
    • Financing for farm housing
  • Direct inspiration from Blighted Areas Redevelopment act of Illinois
    • Created a Land Clearance Commission
      • Could acquire land in blighted areas, demolish structures, and sell at a discount to private investors who would bulid profitable structures
    • Illinois Relocation Act was passed at the same time
      • Provided money to build public housing for 15% of those displaced by urban renewal
  • Source: Beryl Satter, "Family Properties: Race, Real Estate, and the Exploitation of Black Urban America", 2009, pp47-49.
  • Tags: fair-deal federal-housing-policy

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