The Role Of Government On The Government

The Fair Housing Act of 1968 was brought into place when discrimination in the housing market became an apparent issue throughout the United States. While many African American and Hispanic men were risking their lives in the Vietnam War, their families back home were being denied rent and purchasing opportunities solely because of their race or ethnic background. Many others were also rejected

The Housing Act of 1937, also known as the Wagner-Seagull Act. The Act provides subsidies paid from the U.S. government to local public housing agencies. The purpose is to improve living conditions for low income families (The Housing Act of 1937, 2011). According to writes D. Bradford Hunt, historians miss-understood the intent of the Housing Act of 1937. The Act was known to be the housing program comprised by amendments originating from real estate and conservative interests. Rather the 1937 Housing Act

Americans across the United States search for the perfect home, location and square footage of course a great price to pay for their castle. Finding an affordable place to live is ideal, and necessary for survival in this day of age. As the years go by the cost of living increases but Americans do not receive a cost of living raise. The demand for affordable housing is on a all time high, but so is the cost of housing in the metropolitan areas across the United States. America must take care of its citizens and should provide affordable housing programs, to assist Americans to either purchase or rent a home.

The Homestead Act was a vital part of the Westward Expansion and a unique opportunity for people. The Homestead Act was the first time the government had ever offered free land, and the land was offered to anyone, regardless of citizenship, gender, or adulthood. Even teenagers wanting a new life started homesteads because the minimum age was 15 to own a piece of land according to the Homestead Act. It was an opportunity for many people to start their life over and to build something. However, the way was hard and fraught with difficulty but the rewards were worth the effort.

The American dream, the right to own land, build a home, and start a family. Unfortunately this was not always the case as Blacks, Hispanics, and other minorities were discriminated from the early 60’s to the late 80’s and even still today. Segregation plagued the U.S., placing minorities in lower classes than whites, restricting certain rights and freedoms that our constitution laid by our forefathers has been implemented to protect U.S. citizens.

It was originally opposed by Northern manufacturers, who feared the loss of inexpensive labor; and Southern slaveholders, who feared the development of free soil. It was intended to branch Western immigration, but numerous frontiersmen would fail and arrive home. The Homestead Act provided settlers with 160 acres of surveyed public land. By living on the property for five years and improving it, a small fee would grant the settler the land. This served as a way to encourage the development of the family farm and fill in the normally unoccupied region in the Great Plains in which railroads facilitated this growth. Because of the severe environmental circumstances of the Great Plain region, the Homestead Act turned out to be less effective than anticipated.

This power helped white families considerably in gaining ownership of houses, but severely crippled home ownership ability for African American families. The role of the HOLC was to provide low interest loans and refinance homes to prevent foreclosure; the role of the FHA was to guarantee mortgages from default. Both of these organizations worked to minimize the risk of home loans for banks, making it easier for families to obtain loans and mortgages to buy homes. This resulted in an explosion of home ownership from the 1930’s to the 1960’s, “In 1930, only 30 percent of Americans owned their homes; by 1960, more than 60 percent were home owners.”

In 1934, Congress created the Federal Housing Administration (FHA) to assist citizens with their housing needs. According to “Department of Housing and Urban Development” on Allgov.com, “In July 1947, the Housing and Home Finance Agency was established to help people buy homes following World War II. Two years later, the Housing Act of 1949 was enacted to help eradicate slums and promote redevelopment in urban areas.” The Department of Housing and Urban Development Act began with the Housing Act of 1949. According to The Department of Housing and Urban Development written by John B. Willmann, “The Act of 1949 added new prestige to the Housing and Home Finance Agency by authorizing broader public housing activity.” The Housing Act of 1949 also promoted urban redevelopment and research on housing and development problems.

America is seen as the land of opportunity in that there are endless possibilities for an individual. In this land of opportunity, Americans strive to obtain the ideal known as the American dream. The American Dream is seen as the accomplishment of an ambition achieved while challenged by adversity.1 Americans often associate this success with the ownership of a home. The home is not simply a place of basic protection; there is a much deeper connection to the individual. Ownership of a home grants freedom and security that establishes a sense permanency for the individual. In contrast, renting a living space possesses a semblance of instability and dependence.2 The desire to improve ones’ position in life inspires one to

It provided funds and made the area more accessible. Funds also were made available for new schools and health facilities, land and mine reclamation, and timber and water conservation. The poverty in America will not be solved all at once (650a). Simply creating jobs will not help eliminate poverty because there are some people who are disabled and just can not work (650a). The government social welfare programs help to add income to many people (650a).

The regulation that I have chosen for this paper is amendment in the Regulation X i.e. “Real Estate Settlement Procedures Act” and Regulation Z which is for “Truth in Lending”, for establishing the new disclosure requirements and forms in Regulation Z for the most closed-end consumer credit transactions secured by the real property. This regulation is controlled by the Bureau of Consumer Financial Protection. The role of the Consumer Financial Protection Bureau (CFPB) is to provide consumers information related to the terms of their agreements with financial companies during their application for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The mortgage market is the single largest market for the consumer of financial products and the services in the United States, with approximately $10.4 trillion in loans outstanding. Since last decade, market went through an unprecedented cycle of the expansion and the contraction that was fuelled in the part by securitization of mortgages and the creation of increasingly sophisticated derivative products. This led to the collapse of financial system in 2008 and sparked the most severe recession in United States.

Under the act, allottees would have to farm and cultivate the land for 25 years before owning it and them and their heirs could become US citizens. They also had to separate themselves from other Native Americans and tribes and adopt the habits of a true American. If the family did not succeed at cultivating the land in that 25 years period, it would be taken from them by the US government to sale again to white settlers.

“Although European immigrants and East Coast migrants were drawn to the idea of homesteading, many homesteaders were settlers who moved from nearby territories to get cheaper land” (ushistoryscene.com). This shows how the Homestead Act attracted those settlers who thought of the Homestead Act as a good idea and good make a good life. Many may say that the Transcontinental Railroad was a crucial mechanism to expand commerce and multiply america economic growth but the free land is what many settlers were going for. The Homestead Act attracted over all of the people that will be living in the

The Act guarantees that housing be made available to all Americans without consideration of race, color, gender, religion, disability, familial status, or country of origin, but last week the federal government marked the anniversary of the Act by issuing a guidance broadening its scope.

It is important to understand the events which led to the adoption of the Section 8 program in order to determine the intent behind the adoption of the legislation in the first place. Federal government did not intervene with housing programs until the Great Depression of the 1930’s. Due to high levels of unemployment, high levels of home foreclosure rates, a failing banking system, and a stagnant construction industry, Congress passed the U.S. Housing Act of 1937, which represented the beginning of federal housing assistance in the United States. It aimed to provide funds to develop high-quality public housing units for low-income tenants in order to stabilize and reinvigorate the economy.