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A 2017 study by Federal Reserve Bank of Chicago economists found that redlining—the practice whereby banks discriminated against the inhabitants of certain neighborhoods—had a persistent adverse impact on the neighborhoods, with redlining affecting homeownership rates, home values and credit scores in 2010.
A nearly 80-year-old law intended to put distressed and tax-delinquent Chicago-area properties back to productive use has done little to improve or solve racial inequities in the city's Black and ...
Cincotta was born Aglaia Angelos on December 28, 1929 in Chicago, Illinois, an only child. [1] [2] Her father was Greek and her mother was Latvian, and they ran Greek restaurants. [3] Her parents were Socialists, and Cincotta grew up around political talk in her father's restaurant. [4] She grew up in Garfield Park, [3] and stayed on Chicago's ...
As redlining prevents households from owning, they have no choice but to rent from landlords that neglect property and charge high rent. [47] These factors allow the devalorization cycle to occur in a neighborhood, eventually leading to the reclamation and transformation of the neighborhood, uprooting the poor residents who have no equity to ...
A nearly 80-year-old law intended to put distressed and tax-delinquent Chicago-area properties back to productive use has done little to The post Illinois Scavenger Sale Law failed to end effects ...
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
The term blockbusting might have originated in Chicago, Illinois, where real estate companies and building developers used agents provocateurs. These were non-white people hired to deceive the white residents of a neighborhood into believing that black people were moving into their neighborhood.
However, this outcome did not stop towns from excluding black residents. Some city planners and real estate companies exercised their private authority to uphold racial segregation at the community level. [21]