The Racist Housing Policy That Made Your Neighborhood
Institutional racism at it’s finest.
One of the most heinous of these policies was introduced by the creation of the Federal Housing Administration in 1934, and lasted until 1968. Otherwise celebrated for making homeownership accessible to white people by guaranteeing their loans, the FHA explicitly refused to back loans to black people or even other people who lived near black people. As TNC puts it, “Redlining destroyed the possibility of investment wherever black people lived.”
