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The anti-redlining effort has now secured $107 million in relief, including the Ameris settlement, which a judge must approve. A $31 million settlement with Los Angeles-based City National in ...
Much of the economic impacts we find as a result of redlining and the banking system directly impact the African American community. Beginning in the 1960s, there was a large influx of black veterans and their families moving into suburban white communities. As blacks moved in, whites moved out and the market value of these homes dropped ...
A nearly 80-year-old law intended to put distressed and tax-delinquent Chicago-area properties back to productive use has done little to improve or solve racial inequities in the city's Black and ...
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
Opinion: Black home buyers still experience discrimination in the housing market due to segregation and racist restrictions of the past.
A 2015 Measure of America study commissioned by the American Civil Liberties Union examined the likely effect of discriminatory lending leading up to the financial crisis on the racial wealth gap for the next generation, and found that, among families that owned homes, white households had started to rebound from the worst effects of the Great ...
The effects of redlining, as noted in HOLC maps, endures to the present time. A study released in 2018 found that 74 percent of neighborhoods that HOLC graded as high-risk or "hazardous" are low-to-moderate income neighborhoods today, while 64 percent of the neighborhoods graded "hazardous" are minority neighborhoods today. [18] "It's as if ...
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