HOLC stands for which organization?

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Multiple Choice

HOLC stands for which organization?

Explanation:
This item tests knowledge of what HOLC stands for. HOLC is the Home Owners' Loan Corporation. It was a New Deal agency created in 1933 under the Home Owners' Loan Act to refinance mortgages and prevent foreclosures during the Great Depression, offering long-term, amortized loans to homeowners. Its color-coded Residential Security Maps influenced lending risk assessments and contributed to redlining practices, a legacy that shapes fair housing policy discussions today. The other names listed are not the actual organization’s title.

This item tests knowledge of what HOLC stands for. HOLC is the Home Owners' Loan Corporation. It was a New Deal agency created in 1933 under the Home Owners' Loan Act to refinance mortgages and prevent foreclosures during the Great Depression, offering long-term, amortized loans to homeowners. Its color-coded Residential Security Maps influenced lending risk assessments and contributed to redlining practices, a legacy that shapes fair housing policy discussions today. The other names listed are not the actual organization’s title.

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