Wagner–Steagall Act

Wagner–Steagall Act (1 September 1937)Because the National Housing Act (1934) had failed to fund any substantial public housing projects, Congress created the US Housing Authority (USHA); it provided $500,000,000 for use as loans to fund up to 90 percent of expenses in building homes for low-income families. The law marked the start of the federal government’s commitment to eliminate substandard housing. By January 1941, the USHA had approved loans for 511 low-rent apartment complexes with 161,162 units. During World War II, the agency planned and financed new housing around military bases.