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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.
The University of Illinois at Chicago was established at the Harrison/Halsted area in 1965, the location chosen by Mayor Richard J. Daley. This was unpopular with the locals, who had been promised more low-income housing by the city, and there were numerous protests, especially by the Italian-American and Mexican-American communities.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by Rich Barton, Zillow's current CEO, and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology ...
City Council allies of Mayor Brandon Johnson announced their intentions to get a real estate transfer tax hike that would fund homelessness services on the 2024 primary ballot, seeking to advance ...
The movie's famous house — yep, it's a real house — hit the market this week for the first time in 12 years, selling for $5.25 million. The 9,126-sq. ft. home, built in 1921 and located in the ...
Mortgage: $2,868. Minimum income needed for 20% down payment: $114,709. Methodology: To find How Much Income Do You Need To Buy a $500K Home in every state, GoBankingRates found the National 30 ...
Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race.The term is used in the context of de facto residential segregation in the United States, and is often divided into two broad classes of conduct:
v. t. e. Gentrification, the process of altering the demographic and socioeconomic composition of a neighborhood usually by decreasing the percentage of low-income minority residents and increasing the percentage higher-income residents, [1] has been an issue between the residents of minority neighborhoods in Chicago who believe the influx of ...