Race for Profit

How Banks and the Real Estate Industry Undermined Black Homeownership

Ranked #23 in Investment Banking, Ranked #71 in Bankingsee more rankings.

By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion.

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Naomi Klein An incredible list! So much congrats to all, especially to my pal @KeeangaYamahtta whose book is so brilliant and urgent right now. https://t.co/YcTozoP7h3 (Source)

Jeanjacques Taylor my sister @KeeangaYamahtta doing the damn thing again. Her first book was remarkable, and it looks like her new book is gonna have the same impact!!! https://t.co/7vAtRpbLRd (Source)


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