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South Philadelphia is the area to the south of Center City, from the Delaware to the Schuylkill. The area is dominated by row-houses and traditionally home to Italian Americans. The City Planning Commission in 2000 declared the area at 9th and Ellsworth blighted. It is five blocks from the Philadelphia landmark Pat's King of Steaks. Recently ...
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 Southwestern United States. [3]
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]
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
Geographic assignment forces American families to “pay” for access to local public schools via their mortgages.
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 ...
While the roots of redlining lie in excluding populations based on geography, digital redlining occurs in both geographical and non-geographical contexts. [2] An example of both contexts can be found in the charges brought against Facebook on March 28 of 2019, by the United States Department of Housing and Urban Development (HUD) .
The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in "redlining" – a pattern of lending ...