Housing and Home Ownership

November 17, 1931

Report Outline
President's Plan for Federal Home Loan System
Record of Residential Construction, 1921–1931
Trends in Home Ownership Since 1890
The Financing of Home Construction
Government Activity in Housing and Home Ownership
Special Focus

President's Plan for Federal Home Loan System

President Hoover announced, November 13, 1931, a plan for establishment of a system of home loan discount banks to release frozen real estate assets and promote a revival of home building. The proposal resulted from a series of conferences at the White House participated in by the President, Secretary of Commerce Lament, and a group of real estate men, builders, and bankers, including members of the committee on finance of the President's Conference on Home Building and Home Ownership. It will be presented to Congress at the opening of its next session in December. The plan is modeled in part upon the Federal Reserve System and in part upon the Federal Farm Loan System. Thirty-two telegrams endorsing it were made public at the White House on November 14.

The main points of the plan the President will present for congressional approval were outlined as follows:

  1. Establishment of 12 home loan discount banks, one in each federal reserve district, under the direction of a “Federal Home Loan Board,” each bank to have an initial capital of $5,000,000 to $30,000,000.

ISSUE TRACKER for Related Reports
Dec. 23, 2022  Homelessness Crisis
Apr. 02, 2021  Evictions and COVID-19
Mar. 02, 2018  Affordable Housing Shortage
Nov. 06, 2015  Housing Discrimination
Feb. 20, 2015  Gentrification
Apr. 05, 2013  Homeless Students
Dec. 14, 2012  Future of Homeownership
Dec. 18, 2009  Housing the Homeless
Nov. 02, 2007  Mortgage Crisis Updated
Feb. 09, 2001  Affordable Housing
Jan. 06, 1989  Affordable Housing: Is There Enough?
Oct. 30, 1981  Creative Home Financing
Nov. 07, 1980  Housing the Poor
Dec. 21, 1979  Rental Housing Shortage
Nov. 24, 1978  Housing Restoration and Displacement
Apr. 22, 1977  Housing Outlook
Sep. 26, 1973  Housing Credit Crunch
Aug. 06, 1969  Communal Living
Jul. 09, 1969  Private Housing Squeeze
Mar. 04, 1966  Housing for the Poor
Apr. 10, 1963  Changing Housing Climate
Sep. 26, 1956  Prefabricated Housing
Sep. 02, 1949  Cooperative Housing
May 14, 1947  Liquidation of Rent Controls
Dec. 17, 1946  National Housing Emergency, 1946-1947
Mar. 05, 1946  New Types of Housing
Oct. 08, 1941  Rent Control
Aug. 02, 1938  The Future of Home Ownership
Sep. 05, 1934  Building Costs and Home Renovation
Nov. 20, 1933  Federal Home Loans and Housing
Nov. 17, 1931  Housing and Home Ownership
Mortgage Loans and Home Finance