04348cam a2200589 4500 525433200 TxAuBib 20211105120000.0 ||||||s2019||||||||||||||||||||||||und|u 9781469653686 1469653680 B07NMVQQJY Amazon B07NMVQQJY Amazon B07NMVQQJY Amazon 096d080f-299b-44d7-91d9-f919d7b5a6a2 OverDrive (Reserve ID) 4644542 OverDrive (Product ID) TxAuBib Taylor, Keeanga-Yamahtta. Race for Profit [Libby] : How Banks and the Real Estate Industry Undermined Black Homeownership. The University of North Carolina Press, 2019. Riots. rats. redlining. uprisings. fair housing. racial inequality. underclass. urban crisis. urban rebellions. African Americans and the urban crisis. black homeownership. black housing. black women and homeownership. black women and welfare. civil rights and housing. contract buying. Dempsey Travis. housing policy and African Americans. predatory inclusion. Format: OverDrive Adobe EPUB eBook, Filesize: 2940kB. Format: OverDrive Kindle Book. Format: OverDrive OverDrive Read. History. Sociology. Nonfiction. HTML:LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD<br /> FINALIST, 2020 PULITZER PRIZE IN HISTORY<br /> 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 <i>predatory inclusion</i>.<br /> <br /> <i>Race for Profit</i> 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.<br /> <br /> Narrating the story of a sea-change in housing policy and its dire impact on African Americans, <i>Race for Profit</i> reveals how the urban core was transformed into a new frontier of cynical extraction. Media Type: eBook. Pulitzer Prize Finalist. Importer Version: 2014-01-08.01 Import Date: 2021-11-04 17:40:22. https://samples.overdrive.com/?crid=096d080f-299b-44d7-91d9-f919d7b5a6a2&.epub-sample.overdrive.com Excerpt (Adobe EPUB eBook) https://samples.overdrive.com/?crid=096d080f-299b-44d7-91d9-f919d7b5a6a2&.epub-sample.overdrive.com Excerpt (Kindle Book) https://samples.overdrive.com/?crid=096d080f-299b-44d7-91d9-f919d7b5a6a2&.epub-sample.overdrive.com Excerpt (OverDrive Read)