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Race for Profit – How Banks and the Real Estate Industry Undermined Black Homeownership - North Carolina Scholarship Online
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Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

Keeanga-Yamahtta Taylor

Abstract

By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. Race for Profit uncovers how exploi ... More

Keywords: Predatory inclusion, Redlining, Housing and Urban Development Act of 1968, Racism, Housing, Black homeowners, Mortgage, Foreclosure, Profit

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9781469653662
Published to North Carolina Scholarship Online: January 2021 DOI:10.5149/northcarolina/9781469653662.001.0001

Authors

Affiliations are at time of print publication.

Keeanga-Yamahtta Taylor, author
Princeton University