It’s no secret that the real estate market across our nation has deep roots in institutional racism. Redlining, the practice of denying or limiting financial services to certain neighborhoods based on racial or ethnic composition without regard to the residents’ qualifications or creditworthiness, which began in the 1930s, set in motion a pattern that would segregate neighborhoods, impoverish people of color and reduce opportunities for mobility for decades to follow.
By obstructing access to funding for anyone living in a “redlined” area, choices for health care, education, retail, banking and groceries are severely limited, stifling the livelihoods and pursuits of an entire group of people. Furthermore, when we limit housing opportunities, we not only deny shelter for the economically disadvantaged, but we also lose the opportunity to cultivate racial and ethnic diversity in residential communities.
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