Wilmington Mayor Mike Purzycki said a new neighborhood stabilization and homeownership project announced today by the City, Wilmington Neighborhood Conservancy Land Bank (WNCLB) and its developer partner, National Community Reinvestment Coalition (NCRC), will help to transform one block of 9th Street between Adams and Monroe Streets.
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Historically, white people easily got mortgages to live in America’s nicest areas, while aspiring racial/ethnic home buyers from the inner-city were refused loans from banks and federal programs. That is what is called “redlining.”