Redlining was banned 50 years ago. It’s still hurting minorities today., By Tracy Jan, March 28, 2018, Washington Post: “Racial discrimination in mortgage lending in the 1930s shaped the demographic and wealth patterns of American communities today, a new study shows, with 3 out of 4 neighborhoods ‘redlined’ on government maps 80 years ago continuing to struggle economically. The study by the National Community Reinvestment Coalition, released Wednesday, shows that the vast majority of neighborhoods marked ‘hazardous’ in red ink on maps drawn by the federal Home Owners’ Loan Corp. from 1935 to 1939 are today much more likely than other areas to comprise lower-income, minority residents…”
Tag: Mortgages
Minority Homeownership – Rock County, WI
Minorities are only a sliver of Rock County mortgage applicants, data shows, By Ashley McCallum, March 19, 2018, Janesville Gazette: “Wanda Sloan grew up in a family of five kids and two adults in apartment No. 21 of the Fairbanks Flats in Beloit. The flats were built by Fairbanks Morse in 1917 to house black individuals and families recruited from the south to work at the engine manufacturing firm, Sloan said. The firm planned to build the flats on the east side of the city, Sloan said, but built on the west side to keep black people segregated from the whites. Nearly 100 years after Fairbanks Flats were built and 50 years after the passing of the Fair Housing Act of 1968, Sloan says not much has changed for people of color in regards to housing. Data compiled by The Center of Investigative Journalism illustrate her concerns…”
Racial Inequality and Discrimination
- Modern redlining: Racial disparities in lending persist in Dayton, By Katie Wedell, February 24, 2018, Dayton Daily News: “Dayton is one of 61 metro areas in the U.S. where minorities are denied mortgage loans at higher rates than their white counterparts — a modern-day system of redlining that keeps minority neighborhoods from recovery, officials say…”
- Report: No progress for African Americans on homeownership, unemployment and incarceration in 50 years, By Tracy Jan, February 26, 2018, Washington Post: “Convened to examine the causes of civil unrest in black communities, the presidential commission issued a 1968 report with a stark conclusion: America was moving toward two societies, ‘one black, one white — separate and unequal.’ Fifty years after the historic Kerner Commission identified ‘white racism’ as the key cause of ‘pervasive discrimination in employment, education and housing,’ there has been no progress in how African Americans fare in comparison to whites when it comes to homeownership, unemployment and incarceration, according to a report released Monday by the Economic Policy Institute…”