No, the Home Owners Loan Corporation (HOLC) does not exist anymore. It was established in 1933 during the Great Depression to help struggling homeowners avoid foreclosure. The HOLC provided long-term mortgages to homeowners who were at risk of losing their homes due to unpaid loans. However, the agency was dissolved in 1951, and its functions were transferred to private lending institutions.
While the HOLC was crucial in stabilizing the housing market during its time, its dissolution means that it no longer offers loans or assistance today. The programs designed to assist homeowners have evolved, and various organizations and government programs have replaced HOLC’s functions in many ways. Current options for homeowners facing financial difficulties include federal programs like those offered by the Federal Housing Administration (FHA) and various state-level assistance initiatives.