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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.
Redlining is a discriminatory practice in which financial services are withheld from neighborhoods that have ... It was implemented through systematic denial of ...
Brooklyn, NY HOLC redlining Map. HOLC is often cited as the originator of mortgage redlining. [11] [12] HOLC maps [13] generated during the 1930s to assess credit-worthiness were color-coded by mortgage security risk, with majority African-American areas disproportionately likely to be marked in red indicating designation as "hazardous."
In that sense gentrification is another consequence of redlining.” The exhibit will also look at Lexington’s Urban Service Boundary, and what role it has played in housing injustice, and what ...
The prevalence of housing discrimination and redlining in the United States has led to wide-ranging impacts upon various aspects of the structure of society, such as housing inequality and educational inequality. These phenomena can be seen through the lens of critical race theory as examples of systemic racism. [2] [3] [4]
We know all too well the systemic roadblocks people of color, and particularly Black Americans, face in realizing the dream of homeownership. | Op-ed by T’wina Nobles and Maureen Fife
In 1980, Cincotta was responsible for placing Saturday Night Live's Land Shark above the entrance to the Federal Reserve Bank (to imply the bankers were loan sharks), and red tape strung around the building (to symbolize redlining). [20] This move prompted the bank chairman Paul Volcker to meet with Cincotta. [18]
One might assume that redlining and deed restrictions are a thing of the past, so their effect on the Tower probably waned long ago; however, while racial deed covenants were deemed federally ...