Federal Housing Administration (FHA) by MICHAEL MORONE

What was the goal of this program

299479 — 2016-01-13 21:25:39 UTC

to set standards for construction and underwriting. It also insures loans made by banks and other private lenders for home building.

Was it successful? Why or why not?

299479 — 2016-01-13 21:26:45 UTC

The program was successful because it lowered the down payment amount needed to buy a house. This let people pay off their house over the course of 15 years.

Was this program a responsible use of federal funding? Why or why not?

299479 — 2016-01-13 21:27:46 UTC

I think this program was a good use of federal funding because it gave people shelter in hard times.

Why might some people have been critical of this program?

299479 — 2016-01-13 21:28:28 UTC

The minority of the community would be critical of this program because they were excluded from the program

Name of the program

299479 — 2016-01-13 21:38:05 UTC

Federal Housing Administration (FHA)