Search results
Results from the WOW.Com Content Network
Brooklyn, NY HOLC redlining Map. HOLC is often cited as the originator of mortgage redlining. [11] [12] HOLC maps [13] generated during the 1930s to assess credit-worthiness were color-coded by mortgage security risk, with majority African-American areas disproportionately likely to be marked in red indicating designation as "hazardous."
Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [6] which in turn would encourage them to quickly sell their houses at below-market prices. The companies then sold that property to blacks who were desperate to escape inner-city ghettos at higher ...
Redlining Louisville: Racial Capitalism and Real Estate, a project by the Louisville Metro Government, offers an interactive map showing the impact of redlining and racial covenants. It includes maps, narratives, and data sets that illustrate the long-term effects of these discriminatory practices. [64]
"The United States Supreme Court defines steering as a 'practice by which real estate brokers and agents preserve and encourage patterns of racial segregation in available housing by steering members of racial and ethnic groups to buildings occupied primarily by members of such racial and ethnic groups and away from buildings and neighborhoods ...
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 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.
“Redlining devalued residential real estate, which made it more attractive to real estate speculators because of artificially low prices, so you can flip it for more money.
For premium support please call: 800-290-4726 more ways to reach us