What year was the Federal Housing Administration established?

The Federal Housing Administration (FHA) was established in 1934 as part of the National Housing Act aimed at stimulating the housing market during the Great Depression. The FHA's primary purpose is to provide mortgage insurance on loans made by approved lenders, thereby helping to increase the availability of mortgage credit and improve homeownership rates.

While the year 1943 marks the establishment of some subsequent programs and legislation related to housing, it does not correspond with the initiation of the FHA itself. Understanding the correct timeline helps grasp the development of federal housing policies in the U.S., particularly how they were designed in response to economic challenges. The other provided dates do not accurately reflect the establishment year of the FHA, indicating a need for learners to familiarize themselves with significant historical timelines in real estate and housing policy.