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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.
This practice, known as redlining, was eventually made illegal in 1968 – and its long-term ramifications continue to be felt today. The historic disinvestment has been linked with modern-day ...
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
Opinion: Black home buyers still experience discrimination in the housing market due to segregation and racist restrictions of the past.
Urban renewal evolved into a policy based less on destruction and more on renovation and investment, and today is an integral part of many local governments. A primary purpose of urban renewal is to restore economic viability to a given area by attracting external private and public investment and by encouraging business start-ups and survival. [3]
These discriminatory housing policies are responsible for the racial wealth gap and persistent residential segregation between White and Black households today: the average Black family makes about 60% of the average White family's income, while the median net worth of a Black family is 10% of a White family's net worth. [6]
NEW YORK (AP) — The three major U.S. banking regulators said Thursday they a plan to rewrite much of the The post Anti-discriminatory bank law getting update to address harm of redlining ...
Despite these efforts, studies have shown that housing discrimination still exists and that the resulting segregation has led to wealth, educational, and health disparities. [1] 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 ...