Philadelphia Tribune: Summit rallies forces to fight easing of federal lending law

Philadelphia Tribune, October 10, 2018: Summit rallies forces to fight easing of federal lending law

The importance of ensuring and strengthening the CRA was highlighted during the National Community Reinvestment Coalition’s Reinvest Philly summit.

The summit, which was held Tuesday at the Wyndham Philadelphia Historic District hotel, brought together advocacy groups, community leaders, elected officials and health care leaders to discuss ways to reinvest in communities across the region.

During a discussion titled “Defending the Community Reinvestment Act,” panelists spoke about the law’s importance in addressing redlining, the practice of drawing red lines around areas where lenders refuse to make loans or make loans on less favorable terms. Research has found that the practice caused many people of color living in redlined neighborhoods to be thrown into generational cycles of poverty.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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