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About: Home Owners' Loan Corporation     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Unit108189659, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

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The Home Owners' Loan Corporation (HOLC) 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. Its purpose was to refinance home mortgages currently in default to prevent foreclosure, as well as to expand home buying opportunities.