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The Charlotte Observer: Fannie Mae picks Charlotte for new program expanding housing access

The Charlotte Observer, April 4, 2022, Fannie Mae picks Charlotte for new program expanding housing access

Charlotte is one of three cities chosen by Fannie Mae for a new program to increase voucher acceptance in rental housing, the government-backed mortgage institution announced Monday.

Fannie Mae will offer lower loan financing costs to owners of apartment buildings if they agree to accept federal Housing Choice vouchers that help people afford rent. Austin and Dallas are the other two cities chosen.

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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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