...tap are better able to weather the storms. “Redlining is still alive and well in markets today,” said Alanna McCargo, VP for housing finance policy at the Urban Institute. “Segregated...
Read More »Search Results for: Redlining
Maxine Waters: OCC Rushed Out ‘Harmful Rule’ For CRA
...in the rulemaking,” Waters said. She added that the CRA is an “essential law” put in place to prevent redlining and to require banks to invest and responsibly lend in...
Read More »Redlining Results in 52% Less Home Value for Homeowners
Analysis by Redfin said homeowners in a neighborhood with government redlining has gained 52% less value—$212,023 less—in personal wealth when compared to greenlined neighborhoods over the last 40 years. African-American...
Read More »Comptroller Joseph Otting to Step Down
...a critical law that was designed to combat discriminatory practices, such as redlining, by requiring banks to lend responsibly and make investments in the communities where they are located," said...
Read More »St. Louis Fed Economist on Recession Threat, Housing
...the historical background, and then there’s the current ongoing situation. Historically, discrimination and exclusion outright legalized segregation. Redlining has to be the most important historical fact. This brings us to...
Read More »Biden Continues Presidential Primary Lead
...allow Americans to have access to affordable housing. According to a release, Biden plans to end redlining and other discriminatory and unfair practices in the housing market, provide financial assistance...
Read More »Joe Biden Addresses Housing Inequality
...10 years, to allow Americans to have access to affordable housing. According to a release, Biden plans to end redlining and other discriminatory and unfair practices in the housing market,...
Read More »Joe Biden Releases $640B Plan for Housing
...According to a release, Biden plans to end redlining and other discriminatory and unfair practices in the housing market, provide financial assistance and down-payment assistance, increasing the supply and lowering...
Read More »Regulators Push Community Reinvestment Act Comment Deadline
...moderate-income persons in those areas. The CRA was enacted in the 1960s as a response to redlining—a practice where banks discriminated against prospective customers based primarily on where they lived,...
Read More »Presidential Nom. Buttigieg Releases Housing Reform Plan
...the passing of the Community Homestead Act. "The vast majority of neighborhoods that were redlined nearly 100 years ago remain disproportionately poor and segregated to this day.8 From redlining to...
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