#8 Home Owners Loan Corporation by Ivan

A. Home Owners Loan Corporation (HOLC)

299777 — 2016-01-12 16:39:32 UTC

B. What was the goal of this program?

299777 — 2016-01-12 16:41:07 UTC

The goal of this program was to refinance and help the farmers debt, and stop the interest rate from increasing and prevent the foreclosure of the homes.

D. Do you think the program was a responsible use of federal funding?

299777 — 2016-01-12 16:49:53 UTC

The Home Owners Loan Corporation was an amazing federal funding because with the money they obtained they issued bonds and used the bonds to purchase the mortgaged land. This was useful because with the mortgage paid the interest rate was not growing anymore.

C. Do you think the program was successful?

299777 — 2016-01-12 17:00:35 UTC

Yes, I think this program was successful because the bonds issued by the Home Owners Loan Corporation stopped the interest rate. Which helped the economy to start to reshape it to a good environment.

E. Why might some people have been critical of the program you were assigned?

299777 — 2016-01-12 17:10:09 UTC

Some might be some may not. Some People thought it was one of the best ideas president Franklin did in his years of service

299777 — 2016-01-13 16:38:49 UTC

299777 — 2016-01-13 16:43:43 UTC

299777 — 2016-01-13 16:44:15 UTC