When Was Holc Created?

When Was Holc Created?

The Home Owners' Loan Corporation was a government-sponsored corporation created as part of the New Deal. The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt.

When did the HOLC start and end?

The HOLC was authorized to make loans from June 13, 1933 through June 12, 1936.

What is the HOLC and what was it created to do?

The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt. Its purpose was to refinance home mortgages currently in default to prevent foreclosure, as well as to expand home buying opportunities.

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Chloe Bennett

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