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The FHA or better known as the Federal Housing Administration helped people at that time who were in a middle class position and wanted to build or buy a new home in a secure manner.
The administration
was formed to insure long-term home mortgages and offered benefits to both middle class home buyers and lending institutions from which the borrowed their money to pay for the house. It guaranteed that loans would be secured by banks. This helped the housing idustry so much, causing new homes to be built and vacant ones to be inhabitted once again. Keeping this in mind there no question if it was beneficial...
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