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In the United States, the Fair Housing Act of 1968 was passed to combat the practice of redlining. According to the Department of Housing and Urban Development, "The Fair Housing Act makes it unlawful to discriminate in the terms, conditions, or privileges of sale of a dwelling because of race or national origin.
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Philadelphia City Hall, with statue of William Penn at top of tower. Development in Philadelphia began along the Delaware, at Penn's Landing, at a spot that enjoys a close approach of the Schuylkill River two miles to the west. Near the Delaware River are the oldest neighborhoods and Independence Hall.
An obscure 47-year-old law designed to right the historic wrongs of redlining was the ‘original ESG framework,’ execs say. Just look at how Crown Heights and Bed-Stuy have changed Dylan Sloan
Minority neighborhoods where residents were long denied home loans have twice as many oil and gas wells as mostly white The post Study: Redlining tied to more oil, gas wells in urban areas ...
The Federal Housing Authority's redlining practices reinforced these calls for residential segregation as their policies refused the improvement of black neighborhoods, simply by denying mortgage loans or loans to purchase homes to combat crowding in these black neighborhoods. [40]
The mortgage lender will pay a $1.9 million penalty and provide $7 million in loan subsidies as a result, the CFPB said in a statement. Fairway determined that a settlement with the bureau would ...
Gentrification is marked by changing demographics and, thus changing social order and norms. In some cases, when affluent households move into a working-class community of residents (often primarily Black or Latino communities), the new residents' different perceptions of acceptable neighborhood behavior and cultural activity of pre-existing residents may be in conflict with the established ...