Introduction
Introduction
This chapter introduces the HOLC by exploring how it provided relief to one borrower, Joshua C. from Coeur D’Alene, Idaho, who faced foreclosure in 1934 due to a lower market value for his house, less income, and medical debts. The chapter also provides an overview of the book and a summary of its principal findings.
Keywords: Home Owners Loan Corporation, HOLC, Great Depression, New Deal, Foreclosure, Loan modification, Loan refinance, Housing crisis, Housing program, Home ownership
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