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: But the Senate recently voted to roll back the new reporting requirements for small lenders. The researchers also analyzed 30 cities for patterns of gentrification, where once-redlined neighborhoods showed an increase in median home values and educational attainment between 2000 and 2010. They found that in cities with higher levels of gentrification, more redlined neighborhoods had become middle-to-upper-income neighborhoods. These areas saw a greater influx in economic activity and changes to their downtowns. They also now have lower levels of segregation, with more interaction between blacks and whites, as well as greater economic inequality between newcomers and those who have historically lived there. 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
Story continues below advertisement
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.