Subverting Redlining: Difference between revisions
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What roles does home ownership play in intergenerational wealth [[https://www.readynest.com/homebuyer-stories/what-role-does-homeownership-play-in-generational-wealth?utm_source=substack&utm_medium=email]] | What roles does home ownership play in intergenerational wealth [[https://www.readynest.com/homebuyer-stories/what-role-does-homeownership-play-in-generational-wealth?utm_source=substack&utm_medium=email]] | ||
Racial and ethnic gaps in home appraisals, Freddie Mac [[https://www.freddiemac.com/research/insight/20210920-home-appraisals]] | Racial and ethnic gaps in home appraisals, Freddie Mac [[https://www.freddiemac.com/research/insight/20210920-home-appraisals]] “modeling results suggest that a property is more likely to receive an appraisal lower than the contract price if it is in a minority tract.“ | ||
There were three solutions o redlining at Neighborhood Economics, Jackson in 2023. One by Urban3, one by Eagle Market Streets CDC and one from the Neighborhood Vitality Index, which has been deployed in Cincinnati and Indianapolis | There were three solutions o redlining at Neighborhood Economics, Jackson in 2023. One by Urban3, one by Eagle Market Streets CDC and one from the Neighborhood Vitality Index, which has been deployed in Cincinnati and Indianapolis |
Revision as of 07:10, 2 June 2023
Redlining was the practice in American cities that made it legal to discriminate against people of color buying homes in certain neighborhoods. The legacy of redlining is that some have been allowed to create generational wealth at the expense of others. Those below have worked to repair this injustice by creating homeownership that leads to generational wealth in communities left out of equity in home ownership. What roles does home ownership play in intergenerational wealth [[1]]
Racial and ethnic gaps in home appraisals, Freddie Mac [[2]] “modeling results suggest that a property is more likely to receive an appraisal lower than the contract price if it is in a minority tract.“
There were three solutions o redlining at Neighborhood Economics, Jackson in 2023. One by Urban3, one by Eagle Market Streets CDC and one from the Neighborhood Vitality Index, which has been deployed in Cincinnati and Indianapolis