The Federal Housing Administration was begun as part of the New Deal in 1934. It guaranteed private home mortagages, provided funds to promote housing construction.
... of the Nobel Prize in literature
May 11 - Salvador Dalí, artist
May 17 - Jean Gabin[?], actor (+ 1976)
May 21 - Fats Waller, pianist (+ 1943)
May 21 - ...