Race for Profit - How Banks and the Real Estate Industry Undermined Black Homeownership (Hardcover)

Keeanga-Yamahtta Taylor offers a damning chronicle of the twilight of redlining and the introduction of conventional real estate practices into the Black urban market, uncovering a transition from racist exclusion to predatory inclusion. Widespread access to mortgages across the United States after World War II cemented homeownership as fundamental to conceptions of citizenship and belonging. African Americans had long faced racist obstacles to homeownership, but the social upheaval of the 1960s forced federal government reforms. In the 1970s, new housing policies encouraged African Americans to become homeowners, and these programs generated unprecedented real estate sales in Black urban communities. However, inclusion in the world of urban real estate was fraught with new problems. As new housing policies came into effect, the real estate industry abandoned its aversion to African Americans, especially Black women, precisely because they were more likely to fail to keep up their home payments and slip into foreclosure. Taylor narrates this dramatic transformation in housing policy, its financial ramifications, and its influence on African Americans. She reveals that federal policy transformed the urban core into a new frontier of cynical extraction disguised as investment.

General

Imprint:	The University of North Carolina Press
Country of origin:	United States
Series:	Justice, Power and Politics
Release date:	September 2019
Authors:	Keeanga-Yamahtta Taylor
Dimensions:	235 x 155 x 32mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	368
ISBN-13:	978-1-4696-5366-2
Categories:	Books > Humanities > History > American history > General Books > Social sciences > Sociology, social studies > Population & demography > General Books > History > American history > General
LSN:	1-4696-5366-4
Barcode:	9781469653662

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