| The Columbia Encyclopedia, Sixth Edition. 2001-07. |
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| Home Owners’ Loan Corporation |
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| (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property. The HOLC ceased its lending activities in June, 1936, by the terms of the Home Owners’ Loan Act. | 1 | | See C. L. Harriss, History and Policies of the Home Owners’ Loan Corporation (1951). | 2 |
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| | | The Columbia Encyclopedia, Sixth Edition. Copyright © 2007 Columbia University Press. |
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