|
|
|
|
|
by roywiggins
2557 days ago
|
|
White people got loan guarantees from the government in 1967 to move there. The whole thing was directly subsidized. People moving in today are not subsidized. This amounted to a big transfer of wealth to white Americans, that black Americans couldn't participate in. They were stuck paying rent for 67 years while their white "peers" were able to build equity, as they had access to cheap credit. https://www.npr.org/2017/05/03/526655831/a-forgotten-history... |
|