Home Owners' Loan Corporation

(HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property. The HOLC ceased its lending activities in June, 1936, by the terms of the Home Owners' Loan Act.

Bibliography

See C. L. Harriss, History and Policies of the Home Owners' Loan Corporation (1951); P. Fishback, J. Rose, and K. Snowden, Well Worth Saving: How the New Deal Safeguarded Home Ownership (2013).

单词	home owners' loan corporation
释义	Home Owners' Loan Corporation Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property. The HOLC ceased its lending activities in June, 1936, by the terms of the Home Owners' Loan Act. Bibliography See C. L. Harriss, History and Policies of the Home Owners' Loan Corporation (1951); P. Fishback, J. Rose, and K. Snowden, Well Worth Saving: How the New Deal Safeguarded Home Ownership (2013).
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