Franklin Roosevelt and the New Deal Explained — Fexingo History
In 1934, the National Housing Act created the Federal Housing Administration, a New Deal program designed to stimulate home construction and make mortgages accessible to millions of Americans. But the FHA's underwriting manuals also institutionalized racial segregation through redlining, systematically denying loans to Black and minority neighborhoods. Lucas and Luna explore how the FHA's policies reshaped American cities, sparked the suburban boom, and created enduring patterns of housing discrimination. They discuss the role of Homer Hoyt, the FHA's chief economist, whose theories on 'neighborhood stability' translated racial homogeneity into federal policy. The conversation covers the Home Owners' Loan Corporation's color-coded maps, the rise of restrictive covenants, and the long economic consequences for communities of color. This episode offers a nuanced look at how a well-intentioned program to expand homeownership also entrenched inequality, a legacy that persists in housing and wealth gaps today. #FHA #Redlining #FederalHousingAdministration #NationalHousingAct1934 #HomerHoyt #HousingSegregation #Suburbanization #HomeOwnersLoanCorporation #RestrictiveCovenants #NewDeal #FDR #GreatDepression #HousingPolicy #UrbanHistory #RacialWealthGap #America #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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