The history of the Contract Buyers League’s fight for housing reparations. Inside the Contract Buyers League’s fight against housing discrimination by Mary Lou Finley: How Educators Can Break Cycles of Redlined Segregation The Segregation Myth: Richard Rothstein Debunks an American Lie | NowThis Redlining greatly contributed to the wealth gap between Black and White families (The average White family has a net worth of nearly 10x that of the average Black family) and further entrenched segregation. Although redlining was outlawed by the Fair Housing Act in 1968, there are still reports of redlining from banks today. Many Black folks lost their homes this way, forfeiting their non-refundable deposits and all the payments they had made. These contract buyers had all the financial responsibilities of a homebuyer, the lack of ownership of a renter, with none of the benefits of either. They instead were forced to buy “on contract,” a predatory lending practice where white buyers sold homes to Black buyers at terribly inflated rates.
This essentially insured that Black homeowners would not be approved for official bank mortgages. Homes in majority Black neighborhoods were marked in red. The FHA created color-coded maps that recommended lending readiness. Redlining refers to the systematic way the Federal Housing Administration (FHA) barred Black people from securing housing loans from the 1930s-1960s. Notice any correlations between these maps from nearly 90 years ago and impoverished and underfunded schools today? The impact of this reinforcement of segregation can still be seen today, as decades of lower property values and a widening racial wealth gap lead to lower property taxes and insufficiently funded schools.Įxplore Your Region’s Relined Neighborhoods & Correlation to Todayįind your neighborhood in these 1930s map s to explore the effects of redlining on your region today.
Snapshot: What is redlining and what does it have to do with school funding?
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