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Redlining Louisville: Racial Capitalism and Real Estate, a project by the Louisville Metro Government, offers an interactive map showing the impact of redlining and racial covenants. It includes maps, narratives, and data sets that illustrate the long-term effects of these discriminatory practices.
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 1933, the federally created Home Owners' Loan Corporation (HOLC) created maps that coded areas as credit-worthy based on the race of their occupants and the age of the housing stock. These maps, adopted by the Federal Housing Administration (FHA) in 1944, established and sanctioned "redlining". Residents in predominately minority ...
The 66-year-old lives in Mott Haven, a low-income neighborhood in New York’s South Bronx, where more than 90 percent of residents are Latino or Black. ... Comparing 1930s redlining maps with ...
Story at a glance Laws passed in the 1930s permitted discriminatory loan distribution to residents based on the desirability of their neighborhood. This practice, known as redlining, was ...
Fresno County, specifically, allowed 10-year extensions of deed restrictions as late as 1978. Even more horrifying, no plan was put in place to remove such covenants until March of last year.
African American and Hispanic mortgage holders are 1.5 to 2.5 times more likely to pay 9% or more on interest. Krivo and Kaufman calculate that the African-American/White gap in mortgage interest rates is 0.39%, which translates to a difference of $5,749 on the median home loan payment of a 30-year mortgage of a $53,882 home.
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 ...