Federal policy prevented people of color from buying homes in certain neighborhoods. The effects of this racist policy, called redlining, shapes Tacoma neighborhoods decades later.
Nationally, the median home value in redlined areas is $276,100, compared with $324,489 outside of them—a difference of nearly $50,000.
The racist lending policy continues to affect consumers to this day
What do Baltimore, Dallas, and Miami have in common?
Home values in the vast majority of neighborhoods that were “redlined” as hazardous for mortgage lending by the federal government 80 years ago are lower now than in areas rated more highly.
The Democratic Senator said officials are rolling back anti-discrimination protections for people of color in the face of modern-day redlining.
The Great Recession reduced the African-American homeownership rate to levels not seen since housing discrimination was legal in the 1960s.
Fifty years after President Lyndon B. Johnson signed it into law, the bill has failed to deliver on its key tenet: creating an integrated society.
New report from NCRC shows the legacy of redlining.