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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 Southwestern United States. [3]
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.
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
This echoes the redlining era of American history, when certain neighborhoods were designated as ineligible for federal housing assistance because of a high concentration of non-white residents.
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). HUD charged ...
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 Norman Blumberg Apartments, also known as the Blumberg Homes, were a 510-unit high rise public housing complex in the Sharswood neighborhood of Philadelphia, Pennsylvania. Owned and operated by the Philadelphia Housing Authority , they were viewed by many as a symbol of the City's failure to address concentrated poverty and crime and were ...
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 ...