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Housing Act of 1949
The American Housing Act of 1949 (Pub. L. 81–171) was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing. It was part of President Harry Truman's program of domestic legislation, the Fair Deal.
During the Roosevelt administration the National Housing Act of 1934 which established the Federal Housing Administration (FHA) and the Housing Act of 1937 were signed into law, the latter of which directed the federal government to subsidize local public housing agencies. On April 12, 1945, Vice President Harry Truman became president on the death of Franklin D. Roosevelt. Truman campaigned for a second term in the 1948 presidential election with a platform promising to provide for slum clearance and low-rent housing projects. Truman was elected to a full term in 1948 with the Democrats also reclaiming the House of Representatives and the Senate.
In his 1949 State of the Union address unveiling the Fair Deal, Truman reiterated his desire to pass comprehensive housing legislation. The Senate had successfully passed bills allocating federal aid for public housing in 1946 and 1948, although these efforts died in the House of Representatives on both occasions.
During the 81st Congress, Republican Sen. Robert A. Taft sponsored the legislation with Democratic backers Allen J. Ellender and Robert F. Wagner. On April 21, 1949, the Senate approved the legislation by a vote of 57–13, with all but two of the "nay" votes coming from Republicans. The House of Representatives voted 227–186 in favor of the bill on June 29, 1949. President Truman signed the bill into law on July 15, 1949.
Source:
Title I - Slum Clearance & Community Development & Redevelopment
Authorized $1 Billion in loans to help cities acquire slums and blighted land for public or private redevelopment. It also allotted $100 million every year for five years for grants to cover two-thirds of the difference between the cost of the slum land and its reuse value.
Title II - Amendments to National Housing Act
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Housing Act of 1949
The American Housing Act of 1949 (Pub. L. 81–171) was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing. It was part of President Harry Truman's program of domestic legislation, the Fair Deal.
During the Roosevelt administration the National Housing Act of 1934 which established the Federal Housing Administration (FHA) and the Housing Act of 1937 were signed into law, the latter of which directed the federal government to subsidize local public housing agencies. On April 12, 1945, Vice President Harry Truman became president on the death of Franklin D. Roosevelt. Truman campaigned for a second term in the 1948 presidential election with a platform promising to provide for slum clearance and low-rent housing projects. Truman was elected to a full term in 1948 with the Democrats also reclaiming the House of Representatives and the Senate.
In his 1949 State of the Union address unveiling the Fair Deal, Truman reiterated his desire to pass comprehensive housing legislation. The Senate had successfully passed bills allocating federal aid for public housing in 1946 and 1948, although these efforts died in the House of Representatives on both occasions.
During the 81st Congress, Republican Sen. Robert A. Taft sponsored the legislation with Democratic backers Allen J. Ellender and Robert F. Wagner. On April 21, 1949, the Senate approved the legislation by a vote of 57–13, with all but two of the "nay" votes coming from Republicans. The House of Representatives voted 227–186 in favor of the bill on June 29, 1949. President Truman signed the bill into law on July 15, 1949.
Source:
Title I - Slum Clearance & Community Development & Redevelopment
Authorized $1 Billion in loans to help cities acquire slums and blighted land for public or private redevelopment. It also allotted $100 million every year for five years for grants to cover two-thirds of the difference between the cost of the slum land and its reuse value.
Title II - Amendments to National Housing Act