Читать книгу Financial Adulting - Ashley Feinstein Gerstley - Страница 31

The FHA was created as part of President Franklin D. Roosevelt's New Deal, and insured and guaranteed all federal approved mortgage loans, which Mehrsa explains made them “easy, risk free, and abundant.”¹⁵ Mehrsa shares in her book, “If you could save a few thousand dollars, you could buy a house, build wealth, and become middle class.” And your new mortgage payment in the suburbs would probably be lower than your rent in the city. This opportunity was only available to those who met the “gold standard” – people who were white, middle class, and male. “Between 1934 and 1968 98% of FHA loans went to white Americans,” creating white suburbs and leaving Black Americans renting in redlined neighborhoods.