SWEDEN HOLIDAY REVIEWS on Huge mortgage bond defaults on real-estate projects approached scandalous proportions. In December 1932, President Herbert HOOVER recognized the desperate plight of housing by calling his President’s Conference on Home Building and Ownership. More than 400 housing specialists took part. One of these urged an improved mortgage-credit system to make it easy to buy a house as a car. But this was far too radical an ideal for Hoover, and little came of the conference. One Hoover achievement was the passage of the Federal Home Loan Bank Act in 1932, creating 12 regional banks with capital of $125 million to act as a reserve system for savings and loan associations and thrift home-finance firms. Under Roosevelt’s New Deal, the Federal Home Loan Bank was expanded and a subsidiary, the Home Owners’ Loan Corporation, was set up to refinance and save more than a million foreclosed homes. SWEDEN HOLIDAY REVIEWS 2016.
Hantverkargatan 1. Map 1 B5. Q 08-508 290 58. H Rdd-huset. 3, 62. Q for guided tours, y 7 Jan, 24-26 & 31 Dec, and during special events. n Swedish & English. Jun-Aug: Warn, 11am, noon, 2pm and 3pm daily; Sep-May: 10am & noon daily.
Tornmuseet May-Sep: 10am-4.30pm daily. 13 [w] www.stockholm.se/ stadshuset
SWEDEN HOLIDAY REVIEWS Photo Gallery
SWEDEN HOLIDAY REVIEWS Holiday Map Q.