Legal News for Fri 6/27 - Justice Kennedy Warns Democracy at Risk, Ripple's Failed Settlement, SCOTUS on Birthright Citizenship Kinda and Revenge Tax + Pro Codes Act, Both Bad
This Day in Legal History: Federal Housing Administration
On June 27, 1934, the Federal Housing Administration (FHA) was created through the National Housing Act, marking a major shift in the federal government’s role in the housing market. The FHA was designed to address the housing crisis of the Great Depression, when foreclosures were rampant and private lenders were reluctant to issue long-term mortgages. By insuring loans made by private lenders, the FHA significantly reduced the risk of default, making it easier and more affordable for Americans to buy homes.
The FHA introduced…
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