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Redlining is a discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of racial and ethnic minorities. [2] Redlining has been most prominent in the United States , and has mostly been directed against African Americans , as well as Mexican Americans in the Southwest. [ 3 ]
Redlining is the practice of denying or increasing the cost of services, such as banking, insurance, access to jobs, [120] access to health care, [121] or even supermarkets [122] to residents in certain, often racially determined, [123] areas. The most devastating form of redlining, and the most common use of the term, refers to Mortgage ...
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."
Segregation is a common tale in American cities — most practiced discrimination in housing loans and urban renewal — but at the same time, every town has its own unique narratives.
While the 1964 Civil Rights Act and the Fair Housing Act in 1968 officially ended “redlining,” the practice of denying Blacks and other communities of color access to housing in certain areas ...
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.
The practice was fought first through passage of the Fair Housing Act of 1968 (which prevents redlining when the criteria for redlining are based on race, religion, gender, familial status, disability, or ethnic origin), and later through the Community Reinvestment Act of 1977, which requires banks to apply the same lending criteria in all ...
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