Problems in the Homeownership Opportunities Program for Low-income Families, Department of Housing and Urban Development PDF Download

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 60

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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 44

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Author: Keeanga-Yamahtta Taylor
Publisher: UNC Press Books
ISBN: 1469653672
Category : History
Languages : en
Pages : 364

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LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD FINALIST, 2020 PULITZER PRIZE IN HISTORY 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 Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers – as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind. Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

Author:
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 44

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Author: États-Unis. General accounting office
Publisher:
ISBN:
Category : Evaluation research (Social action programs)
Languages : en
Pages : 892

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Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 1244

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Author: United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 846

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1774

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Author:
Publisher:
ISBN:
Category : Evaluation research (Social action programs)
Languages : en
Pages : 892

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Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.

Author: United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 852

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