Title: Redlining was banned 50 years ago. It’s still hurting minorities today. - The Washington Post
Headings: Redlining was banned 50 years ago. It’s still hurting minorities today.
Redlining was banned 50 years ago. It’s still hurting minorities today.
The Senate rolls back rules meant to root out discrimination by mortgage lenders

Content: Current lending discrimination reinforces the economic gulf, Mitchell said, as middle- and upper-income gentrifiers moving into lower-income areas are able to obtain loans to buy and renovate homes, while longtime residents rarely have access to that type of capital. Researchers ranked Portland, Ore., which has seen an influx of financial investment from the tech sector, as the most gentrified American city, with 58 percent of its census tracts having gentrified. It is followed by Minneapolis, Seattle, Atlanta and Denver. Advertisement
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Detroit was the least gentrified city, the research showed, with less than 3 percent of its census tracts having gentrified, and only around the downtown core. But artists and other “urban pioneers” have in recent years begun moving into more pockets of the city, researchers said. Longtime residents of formerly redlined neighborhoods are often pushed out when the areas’ economic fortunes are reversed, researchers said. Many can no longer afford the rising rents. Homeowners often can’t afford the increases in property taxes, and as their home values rise, many are tempted to sell and cash out. “Is gentrification promoting sustainable desegregation?” Mitchell said. “