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by roywiggins
2557 days ago
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There's a reason white Americans (speaking generally) have generational wealth from home ownership, and black Americans don't. It's policies like the ones that created whites-only Levittowns. It's not that long ago! It's within a couple generations of everyone. > the Federal Housing Administration, which was established in 1934, furthered the segregation efforts by refusing to insure mortgages in and near African-American neighborhoods — a policy known as "redlining." At the same time, the FHA was subsidizing builders who were mass-producing entire subdivisions for whites — with the requirement that none of the homes be sold to African-Americans. https://www.npr.org/2017/05/03/526655831/a-forgotten-history... |
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