Franklin Roosevelt and the New Deal Explained — Fexingo History
In this episode of Fexingo History, Lucas and Luna explore Franklin Roosevelt's Federal Housing Administration, created in 1934 under the National Housing Act. They discuss how the FHA revolutionized homeownership by insuring mortgages, making 30-year loans standard, and limiting down payments. But they also delve into the controversial practice of redlining—how the agency's underwriting guidelines explicitly excluded minority neighborhoods, codifying segregation in housing for decades. The conversation covers the role of FHA economist Homer Hoyt, whose theories on neighborhood stability racialized suburbia, and the long-term impact on wealth disparities, including the birth of the white flight phenomenon. This episode connects the New Deal's housing policies to the creation of modern American suburbs and the racial wealth gap that persists today. #FHA #NewDeal #Redlining #FederalHousingAdministration #HomerHoyt #NationalHousingAct #Suburbanization #HousingSegregation #WhiteFlight #FDR #1930s #AmericanHistory #UrbanHistory #RacialWealthGap #Homeownership #MortgageInsurance #GreatDepression #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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