![]() ![]() Nelson, who oversees the University of Richmond's mapping inequality project, said the maps were created in cities with 40,000 residents or more. In this digital image of a map used decades ago for redlining in Chicago, areas marked in the faded pink show where lenders were discouraged from avoid issuing mortgages. The University of Richmond has digital versions of about 200 maps once used for redlining, including the one below. Physical copies of such maps are stored in the National Archives. Riskier neighborhoods were predominantly black and Latino. ![]() Using red ink, lenders outlined on paper maps the parts of a city that were considered at high risk of default, as well as more desirable neighborhoods for approving a loan. The term redlining is a nod to how lenders identified and referenced neighborhoods with a greater share of people deemed more likely to default on mortgage. As part of that practice, financial firms, real estate agents and other parties demarcated geographic areas that were effectively off limits for issuing loans. That includes in many of the nation's largest cities, such as Atlanta, Chicago, Detroit, Tampa and others with large minority populations.Īs a result, banks and other mortgage lenders commonly rejected loans for creditworthy borrowers based strictly on their race or where they lived. government - started in the 1930s and took place across the country. denied mortgages to people, mostly people of color in urban areas, preventing them from buying a home in certain neighborhoods or getting a loan to renovate their house. What is redlining?įor decades, many banks in the U.S. Read on to learn more about redlining and its impact. Although redlining - a form of lending discrimination - has been outlawed for decades, its scars remain visible in many communities across the U.S., experts say. ![]() A 2008 video of Democratic presidential candidate Michael Bloomberg attributing the housing crash largely to "redlining" has thrust the term into the national conversation. ![]()
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