Race for Profit

How Banks and the Real Estate Industry Undermined Black Homeownership

By:

Keeanga-Yamahtta Taylor

Format:

CD-Audio

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Description

By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

Author Biography:

Keeanga-Yamahtta Taylor writes on Black politics, social movements, and racial inequality in the United States. Her articles have been published in Souls: A Critical Journal of Black Politics, Culture and Society, Jacobin, New Politics, the London Guardian, In These Times, Black Agenda Report, Ms. magazine, International Socialist Review, Al Jazeera America, and other publications. She is assistant professor in the department of African American Studies at Princeton University. Janina Edwards, an Earphone Award-winning narrator, is a graduate of the acting program at New York University's Tisch School of the Arts.

Release date Australia

March 24th, 2020

Author

Keeanga-Yamahtta Taylor

Audience

General (US: Trade)

Contributor

Read by Janina Edwards

ISBN-13

9781665201308

Product ID

37088593

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