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What is holc about?

Updated: 5/2/2024
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11y ago

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HOLC stands for Home Owners' Loan Corporation, a New Deal-era program created in 1933 to address the housing crisis during the Great Depression. It aimed to refinance home mortgages to prevent foreclosures and stabilize the housing market. HOLC also created residential security maps that discriminated against minority neighborhoods, contributing to the practice of redlining.

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1w ago
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