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The National Housing Act of 1934, H.R. 9620, Pub. L. 73–479, 48 Stat. 1246, enacted June 27, 1934, also called the Better Housing Program, [1] was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable. [2] It created the Federal Housing Administration (FHA) [3] and the Federal ...
Loans-for-shares. In 1995, facing severe fiscal deficit and in desperate need of funds for the 1996 presidential elections, the government of Boris Yeltsin adopted a "loans-for-shares" scheme proposed by banker Vladimir Potanin and endorsed by Chubais, then a deputy prime minister, whereby some of the largest state industrial assets (including ...
Section 502 loans. Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a ...
A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income [1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home ). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices.
In the United States [17] and Canada, [18] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [19] Some definitions include maintenance costs as part of housing costs. [20]
Privatization in Russia describes the series of post- Soviet reforms that resulted in large-scale privatization of Russia 's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the ...
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