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Updated: May 7, 2025
The details of a program to enlarge and improve the opportunities for our people to acquire good homes will be presented to the Congress by special message on January 25. This program will include: Modernization of the home mortgage insurance program of the Federal Government; Redirection of the present system of loans and grants-in-aid to cities for slum clearance and redevelopment;
The Administration will make detailed recommendations on these subjects. Area Redevelopment We must help deal with the pockets of chronic unemployment that here and there mar the nation's general industrial prosperity.
They contemplate also that we afford governmental encouragement to privately financed house construction for families of moderate income, through extension of the successful system of insurance of housing investment; that research be undertaken to develop better and cheaper methods of building homes; that communities be assisted in appraising their housing needs; that we commence a program of Federal aid, with fair local participation, to stimulate and promote the rebuilding and redevelopment of slums and blighted areas with maximum use of private capital.
Last year I authorized a major study of the problem to find additional steps to supplement existing programs for the redevelopment of areas of chronic unemployment. Recommendations will be submitted, designed to supplement, with Federal technical and loan assistance local efforts to get on with this vital job.
The industry is in process of redevelopment to-day and if successful will assure us of a future supply, but at the best it will take years of time and a vast investment of capital to build up the industry to such a point that it can supply any considerable proportion of our needs.
Our aim is not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it. No single piece of legislation, however, is going to suffice. We will launch a special effort in the chronically distressed areas of Appalachia. We must expand our small but our successful area redevelopment program.
The bill would encourage expansion in housing available for the lowest income groups by continuing to provide direct subsidies for low-rent housing and rural housing. It would facilitate land assembly for urban redevelopment by loans and contributions to local public agencies where the localities do their share.
During the ages in which the moon has remained thus lifeless the earth, owing to its air and water, has applied a vast amount of solar energy to geological work in the development and redevelopment of its geological features and to the processes of organic life. We thus see the fundamental importance of the volatile envelopes of our sphere, how absolutely they have determined its history.
They contemplate also that we afford governmental encouragement to privately financed house construction for families of moderate income, through extension of the successful system of insurance of housing investment; that research be undertaken to develop better and cheaper methods of building homes; that communities be assisted in appraising their housing needs; that we commence a program of Federal aid, with fair local participation, to stimulate and promote the rebuilding and redevelopment of slums and blighted areas with maximum use of private capital.
The details of a program to enlarge and improve the opportunities for our people to acquire good homes will be presented to the Congress by special message on January 25. This program will include: Modernization of the home mortgage insurance program of the Federal Government; Redirection of the present system of loans and grants-in-aid to cities for slum clearance and redevelopment;
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