Has Community Reinvestment Become the Ghetto of the Banking Industry?

ACORN Citizen Wealth Financial Justice

New Orleans   Since the financial crisis many of us who believe in decent and affordable housing have spent time making sure the Community Reinvestment Act (CRA) didn’t become the goat for the financial meltdown and banking scandals. And, don’t get me wrong, that’s important! In a 2015 Federal Reserve study the conclusion was clear: CRA …

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The Legacy of Fighting Blockbusting is Residential Diversity

ACORN Citizen Wealth Community Organizing Financial Justice

New Orleans   Studies of the largest 100 school districts in the United States indicate that there is such extensive re-segregation that schools are more segregated now than they were almost 50 years ago. Research on communities indicates that racial segregation in housing is part of the vicious cycle driving continued segregation in city after city. …

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“Contract for Deed” Housing Purchases are Predatory and Discriminatory

Citizen Wealth Financial Justice

Little Rock   Reports indicate that more than three million people have bought houses under “contract for deed” purchases. Since many, if not most, of these kinds of housing purchases are not recorded, who really knows what the real numbers might be. The one thing that can be certain, is that the happy buyers, meaning the …

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