Redlining, banned 50 years ago, is still hurting minorities today

Source: Tracy Jan, Washington Post (Paid Registration)

Racial discrimination in mortgage lending in the 1930s shaped the demographic and wealth patterns of American communities today, a new study shows, with 3 out of 4 neighborhoods “redlined” on government maps 80 years ago continuing to struggle economically.

The study by the National Community Reinvestment Coalition shows that the vast majority of neighborhoods marked “hazardous” in red ink on maps drawn by the federal Home Owners’ Loan Corp. from 1935 to 1939 are today much more likely than other areas to comprise lower-income, minority residents.

Read Full Article: Redlining, banned 50 years ago, is still hurting minorities today