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Redlining_report

Columbia at 55: Creeping Segregation and Lack of Affordable Housing Threatens A Legacy of Black/White Integration

By / / Research / 23 minutes of reading

Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.

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REDLINED: KeyBank Continues to Fail Black America Despite Its Commitments to Improve

By / / Research / 24 minutes of reading

KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners.  Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color.

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Investing in Culturally-Significant Businesses and Community Growth

By / / Research / 18 minutes of reading

Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.

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Tracing the Legacy of Redlining: A New Method for Tracking the Origins of Housing Segregation

By / / Research / 14 minutes of reading

Eighty years after the Home Owners Loan Corporation (HOLC) formally drew its redlining maps, those neighborhoods are still high minority population areas with the highest rates of vacancy in their metropolitan areas.

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Making CRA Relevant for a Changing Financial Services Industry

By / / Research / 27 minutes of reading

This paper examines shifts in the market share of banks and nonbank financial institutions in important product markets. Banks are covered by the Community Reinvestment Act (CRA) which requires them to serve all communities, including low- and moderate-income (LMI) ones. Nonbanks, in contrast, do not have this obligation.

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Adding Robust Consideration of Race to Community Reinvestment Act Regulations: An Essential and Constitutional Proposal

By / / Research / 124 minutes of reading

It is time for regulators to incorporate an explicit focus on race in core CRA regulations and examination procedures. This should and can be done in a manner that complements, and does not in any way supplant, the longstanding focus on LMI.

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