THE CREATION OF A FEDERAL PARTNERSHIP -- THE CREATION OF A FEDERAL PARTNERSHIP -- CONTENTS -- TABLES -- ACKNOWLEDGMENTS -- 1: INTRODUCTION -- 2: THE DEVOLUTION OF AFFORDABLE HOUSING POLICY AND THE EVOLUTION OF A FEDERAL-STATE HOUSING PARTNERSHIP -- 3: STATE HOUSING AGENCIES: The Link between...

"Well Worth Saving tells the story of the disastrous housing market during the Great Depression and the extent to which an immensely popular New Deal relief program, the Home Owners' Loan Corporation (HOLC), was able to stem foreclosures by buying distressed mortgages from lenders and...

The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system...