Best destinations in hawaii for The FCC issued broadcast licenses, regulated broadcast content for community standards, and encouraged new technologies. Eventually, the FCC also regulated the television industry. The Great Depression severely depressed home ownership in the 1930s. In 1934, the administration proposed creating the Federal Housing Administration (FHA), which provided mortgage guarantees to reduce the down payment for a mortgage from 30 percent of the purchase price to 10 percent. The new FHA guarantee extended the standard mortgage loan from 20 to 30 years, lowering monthly payments and therefore making homes more affordable to middle-income families. The FHA enacted new building standards and codes such as for electrical wiring and plumbing, helping standardize construction practices. The Federal Housing Administration remains an active participant in the home-mortgage industry today. Best destinations in hawaii 2016.