Home Owners Loan Corporation Bond Rockville Centre New York 1934
A large 2 sided single page document. Home Owners Loan Corporation Bond . For a property in Rockville Centre New York in 1934. For Fred Smith, widower in the amount of $3080.89 The Home Owners' Loan Corporation (HOLC) was a government-sponsored corporation created as part of the New Deal. The corporation was established in 1933 by the Home Owners' Loan Corporation Act under the leadership of President Franklin D. Roosevelt. Its purpose was to refinance home mortgages currently in default to prevent foreclosure, as well as to expand home buying opportunities.
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