Race for Profit
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…
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Why read it?
1 author picked Race for Profit as one of their favorite books. Why do they recommend it?
Race for Profit connects all the dots on the imbalances in housing in the United States today. As someone who bought a first home right before the mortgage meltdown, I’ve always wondered about the experiences of Black homebuyers historically. This is an expertly researched look at predatory inclusion, the nefarious ways that institutions—in this case the banks and real estate industry—extended opportunities for homeownership to poor, Black families to purchase homes in the late 1960s and early 1970s. Rather than create high-quality public housing or enforcing the principles of fair housing laws, the federal government supported home buying schemes that…
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