Housing Act of 1949

L. 81–171) was a landmark, sweeping expansion of the federal role in mortgage insurance and issuance and the construction of public housing.

Truman campaigned for a second term in the 1948 presidential election with a platform promising to provide for slum clearance and low-rent housing projects.

[4] Truman was elected to a full term in 1948 with the Democrats also reclaiming the House of Representatives and the Senate.

[5] In his 1949 State of the Union address unveiling the Fair Deal, Truman reiterated his desire to pass comprehensive housing legislation.

Title II - Amendments to National Housing Act Amended the National Housing Act of 1934 by reauthorizing the FHA for six weeks and raised by $500 million the amount the FHA was allowed to offer as mortgage insurance.