HISTORY OF HOME

Based off of the HOLC program, legislated in 1933, the HOME targets many low-income families (and some middle-class as well) who cannot pay rent or mortgage payments without cutting back on food, clothes, etc..

By the HOLC’s final year in 1936, it had provided just over a million new mortgages, had lent out approximately $350 billion ($750 billion today), and by 1934 about one in five mortgages in America were owned by the corporation. The HOLC’s program of emergency lending rescued hundreds of thousands of mortgage institutions and homeowners from loss. 

 

With a budget of just $0.5 billion, the HOME wishes to expand upon the HUD and HOLC program and be a hands-on solution to provide safe, decent, and affordable housing to the people.

 

###

HOME's mission is to increase access to quality, affordable homes
More information about HOME and its programs is available on the Internet

​

Reach out to HOME on Twitter or through email