3 investigations opened after Reveal uncovers redlining in Philly
REVEAL | BY AARON GLANTZ | FEBRUARY 22, 2018
Pennsylvania’s state treasurer and attorney general announced separate investigations into pervasive redlining in mortgage lending in Philadelphia this week. At the same time, the Philadelphia City Council passed a resolution calling for hearings into the practice, amid continued fallout from an investigation by Reveal from The Center for Investigative Reporting.
Housing discrimination thrives 50 years after Fair Housing Act tried to end it
THE DENVER POST | BY PRENTISS A. DANTZLER | APRIL 27, 2018
In the midst of riots in 1968 after civil rights leader Martin Luther King Jr. was slain, President Lyndon B. Johnson signed the Fair Housing Act. The federal legislation addressed one of the bitterest aspects of racism in the U.S.: segregated housing. It prohibited discrimination on the basis of race, color, religion and national origin when selling and renting housing.
How ‘redlining’ still hurts home values
MARKETWATCH | BY JACOB PASSY | APRIL 26, 2018
The housing market’s recovery has lifted property prices nationwide — but many homes located in formerly “redlined” neighborhoods haven’t seen the same benefit. Though practice was technically outlawed in 1968 with the Fair Housing Act, its most pernicious effects are still visible today. On average, a home located in an area that was given a “hazardous” rating back in the 1930s is only worth 85% of the median value of a home in surrounding, non-redlined neighborhoods, according to a study from real-estate website Zillow ZG, +1.28%