The discriminatory housing policy has also contributed to lower homeownership rates for Black families. The typical homeowner in a neighborhood deemed “hazardous” for mortgage lending by the federal government during the redlining era has gained 44% less—or $180,000 less—in home equity than one in a “best” neighborhood over the last 40 years. In a “hazardous” […]
source https://thebtrader.com/2020/02/19/the-typical-homeowner-in-a-redlined-neighborhood-has-missed-out-on-180000-worth-of-home-equity/?utm_source=rss&utm_medium=rss&utm_campaign=the-typical-homeowner-in-a-redlined-neighborhood-has-missed-out-on-180000-worth-of-home-equity
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