Author: United States. Congress. House. Committee on Government OperationsPublisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 80
Book Description
Defaults on FHA-insured Home Mortgages--Detroit, Mich
Author: United States. Congress. House. Committee on Government OperationsPublisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 80
Book Description
Defaults on FHA-insured Mortgages (Detroit).
Author: United States. Congress. House. Committee on Government Operations. Legal and Monetary Affairs SubcommitteePublisher:
ISBN:
Category : Mortgage guarantee insurance
Languages : en
Pages : 154
Book Description
Clearinghouse Review
Author: Conference on the Economics of Federal Credit Activity, April 10-11, 1980: Papers
Author: Conference on the Economics of Federal Credit Activity, April 10-11, 1980
Author: Intermediate Report of the Committee on Government Operations
Author: United States. Congress. House. Committee on Government OperationsPublisher:
ISBN:
Category :
Languages : en
Pages : 72
Book Description
Department of Housing and Urban Development--independent Agencies Appropriations for 1978
Author: United States. Congress. House. Committee on Appropriations. Subcommittee on HUD-Independent AgenciesPublisher:
ISBN:
Category : United States
Languages : en
Pages : 264
Book Description
Urban Policy
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community DevelopmentPublisher:
ISBN:
Category : City planning
Languages : en
Pages : 790
Book Description
Race for Profit
Author: Keeanga-Yamahtta TaylorPublisher: UNC Press Books
ISBN: 1469653672
Category : History
Languages : en
Pages : 364
Book Description
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.
Toxic Debt
Author: Josiah RectorPublisher: UNC Press Books
ISBN: 1469665778
Category : History
Languages : en
Pages : 345
Book Description
From the mid-nineteenth until the mid-twentieth century, environmentally unregulated industrial capitalism produced outsized environmental risks for poor and working-class Detroiters, made all the worse for African Americans by housing and job discrimination. Then as the auto industry abandoned Detroit, the banking and real estate industries turned those risks into disasters with predatory loans to African American homebuyers, and to an increasingly indebted city government. Following years of cuts in welfare assistance to poor families and a devastating subprime mortgage meltdown, the state of Michigan used municipal debt to justify suspending democracy in majority-Black cities. In Detroit and Flint, austerity policies imposed under emergency financial management deprived hundreds of thousands of people of clean water, with lethal consequences that most recently exacerbated the spread of COVID-19. Toxic Debt is not only a book about racism, capitalism, and the making of these environmental disasters. It is also a history of Detroit's environmental justice movement, which emerged from over a century of battles over public health in the city and involved radical auto workers, ecofeminists, and working-class women fighting for clean water. Linking the histories of urban political economy, the environment, and social movements, Toxic Debt lucidly narrates the story of debt, environmental disaster, and resistance in Detroit.