A Look At The FHA On Its 90th Birthday

The Federal Housing Administration is celebrating its 90th birthday, and its impact on U.S. housing and finances has been widespread. The FHA was created in 1934 by the National Housing Act as a way to help restructure the financial system during the Great Depression. Its goal was to improve housing standards, provide a method of mutual mortgage insurance, and reduce foreclosures for American families. Officials from the U.S. Department of Housing and Urban Development held an event in Washington, D.C., to commemorate the event, with opening remarks by HUD Acting Secretary Adrianne Todman and Federal Housing Commissioner Julia Gordon. Attendees included past FHA Commissioners and leaders from the housing finance and advocacy communities. “FHA’s 90th anniversary is an opportunity to…