Home Owners’ Loan Corporation
(HOLC)
   Established under the Home Owners’ Loan Act in 1933, HOLC was created by the Federal Home Loan Bank Board set up by Herbert Hoover in 1932 to provide loans to enable homeowners to pay mortgages or secure advances for home repair. By 1936, when HOLC ceased giving loans, almost 1 million loans totaling $3 billion had been made, covering almost one-fifth of all mortgaged homes. Operations finally came to an end in 1951.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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  • Home Owners' Loan Corporation — La Home Owners Loan Corporation (HOLC), créée par la loi américaine Home Owner s Refinancing Act en 1933, est une agence américaine apparue dans le cadre du New Deal. Son but était de refinancer les maisons pour prévenir les forclusions. Elle a… …   Wikipédia en Français

  • Home Owners' Loan Corporation — The Home Owners Loan Corporation (HOLC) or Home Owner s Refinancing Act, was a New Deal agency established in 1933 under President Franklin D. Roosevelt. Its purpose was to refinance homes to prevent foreclosure. It was used to extend loans from… …   Wikipedia

  • Home Owners' Loan Corporation — A corporation established by Act of Congress in 1933 to refinance the indebtedness of homeowners threatened by foreclosure; liquidated in 1951 …   Ballentine's law dictionary

  • Home Owners’ Loan Act, 1933 —    Passed in June 1933, the Home Owners’ Loan Act enabled the Home Owners’ Loan Corporation to offer government bonds to lenders to cover defaulted mortgages, preventing foreclosure and loss of homes …   Historical Dictionary of the Roosevelt–Truman Era

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  • Federal Loan Agency —    Established in 1939, the Federal Loan Agency replaced various existing temporary loan agencies to “supervise and coordinate the functions and activities” of all federal lending bodies, other than those in agriculture. The agencies covered… …   Historical Dictionary of the Roosevelt–Truman Era

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  • government corporation — A corporation created by statute through which a function or functions of the government are exercised. Federal Housing Administration v Burr, 309 US 242, 84 L Ed 724, 60 S Ct 488. See Home Owners Loan Corporation; public corporation …   Ballentine's law dictionary

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