As to the reasons it’s so difficult for Black colored Us americans to store -2-

One to leaves of many earlier Black colored Us citizens struggling to make use of a trick senior years investment, both on business of a house otherwise courtesy home-equity money

Redlining was good racially discriminatory behavior you to acceptance lenders to reject mortgage characteristics so you’re able to people inside mostly Black and you will immigrant areas. They took its name on the yellow contours toward charts one to noted restricted parts which were considered also high-risk having lenders. When the Reasonable Houses Work of 1968 is actually passed, redlining are banned, but the consequences consistently reverberate — and several education discover habit might still exists. Continue Reading