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Essay text:
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 adminstration 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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