The acronym HOLC stands for Home Owners' Loan Corporation, which was a government agency established in 1933 during the Great Depression. The organization's main objective was to help homeowners who were facing economic hardship by providing refinancing loans to prevent them from losing their homes. Some synonyms for HOLC include bailout, rescue plan, financial aid, and assistance program. These words all convey the idea of providing help or support during a difficult time. Although the HOLC program was discontinued in 1951, it paved the way for modern-day government assistance programs that aid homeowners during financial crises.