Read the original article by Nate Berg on Fast Company.
From redlining to zoning to appraisals, there are countless systemic issues that result in discrimination.
When Joe Biden’s campaign unveiled its housing plan, one word near the top jumped out. The plan, which would invest $640 billion over 10 years, vows to end discriminatory and unfair practices in the housing market, including “redlining.”
That term, redlining, refers to a 1930s-era policy of determining the “mortgage security” of a city’s neighborhoods largely based on the racial makeup of its residents. The less white, the less secure, according to the system. That resulted in Black people being segregated and cut off from loans and better-quality housing, which has had devastatingly long-term effects on Black Americans’ ability to build wealth. And though redlining was officially outlawed under the 1968 Fair Housing Act, housing discrimination still occurs today. The Biden plan lists several specific measures it would take to end this discrimination, and housing experts say it could make a big impact if implemented…