How Racial Discrimination in Home Loans Persists
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FEATURING AARON GLANTZ – The practice of redlining has been considered a historic one, symptomatic of our nation’s racist past. It refers to how the Home Owner’s Loan Corporation in the 1930s drew lines around neighborhoods that were racially mixed or consisted of a majority of people of color, to systematically deny home loans. The practice became widespread and fostered residential segregation within cities while undermining home ownership among families of color.
Now, decades after the practice of redlining was banned by the passage of the 1968 Fair Housing Act, racial discrimination in housing loans persists as per a new report by journalists at the Center for Investigative Reporting. The report is based on analysis of publicly available data made available by the Home Mortgage Disclosure Act and includes a case study of the city of Philadelphia.
Read the report, ‘For people of color, banks are shutting the door to homeownership ‘, HERE.
Aaron Glantz, Senior Reporter at Reveal & The Center for Investigative Reporting, author of the new report, For people of color, banks are shutting the door to homeownership.
** This segment was originally broadcast on February 22, 2018.