How the real estate industry undermined black homeownership

In 1968, following a wave of urban uprisings, politicians worked to end the practice of redlining by passing the Housing and Urban Development Act. While the act was meant to encourage mortgage lenders and the real estate industry to treat black homebuyers equally, the disaster that came after revealed that racist exclusion hadn’t been eradicated, but rather transformed into a new phenomenon of predatory inclusion.

On Jan. 24, 2020, Keeanga-Yamahtta Taylor, assistant professor of African American studies at Princeton University, discussed her new book Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, as part of the Matrix Lecture series at UC Berkeley. Her book, which covers the time period from the 1968 Housing and Urban Development Act to the 1974 Housing and Community Development Act, exposes how exploitative real estate practices continued well after housing discrimination was banned.

Listen to the talk and read the transcript on Berkeley News.

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