According to a new report detailing discriminatory lending in Chicago, people in majority-white neighborhoods continue to receive more loans, and in greater amounts, than people in majority-Black and majority-Latino areas.
New analysis from WBEZ and City Bureau shows the massive disparity in lending to residents of white neighborhoods compared to residents of black and Latino neighborhoods in Chicago. Linda Lutton, Andrew Fan, and Alden Loury call the practice "Modern-day redlining," describing "a pattern that locks residents out of home ownership, deprives communities of desperately needed capital investment and threatens to exacerbate racial inequities between neighborhoods."
When WBEZ and nonprofit newsgroup City Bureau reviewed 168,859 home loans between 2012 and 2018 made by banks and non-bank mortgage companies, they found that of the $57.4 billion loaned, 68.1% of cash funded people in majority-white neighborhoods with only 8.1% going to majority-black neighborhoods and 8.7% ending up in majority-Latino neighborhoods. Their report notes that while higher home prices in majority-white neighborhoods can explain part of the imbalance, the fact that "financial institutions made four times more loans in Chicago’s white neighborhoods than they did in black or Latino areas" obviously points to a much larger problem.
According to the authors, injecting money into neighborhoods in the form of home loans is a fundamental way to impact the health of communities and the quality of life of its residents.
FULL STORY: Where Banks Don’t Lend
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New Deal agencies did engage in discriminatory lending practices–but not quite in the way we think.
Court Complaint Accuses Redfin's 'Minimum Price Policy' of Redlining Minority Neighborhoods
A bombshell investigation accuses an online real estate company of a contemporary form of redlining.
Planning for Congestion Relief
The third and final installment of Planetizen's examination of the role of the planning profession in both perpetuating and solving traffic congestion.
Minneapolis Housing Plan a Success—Not for the Reason You Think
Housing advocates praise the city’s move to eliminate single-family zoning by legalizing triplexes on single-family lots, but that isn’t why housing construction is growing.
Car Noise Is Killing Us
It’s not just traffic collisions that kill—a new study from researcher at Rutgers finds that the loud noises emanating from cars has direct impact on heart health in Americans.
Affordable Housing Proposal Faces Backlash in Salt Lake City
A public hearing last week revealed widespread opposition to a plan to loosen density and height limits and reduce parking requirements to encourage more developers to build affordable housing.
Houston Bike Summit Makes In-Person Return
The event will focus on improving bike safety and continuing maintenance on the city's growing network of bike lanes and trails.
Austin’s Transit CEO Moving to D.C.
After overseeing a major system redesign and plans for its largest-ever expansion, the head of Capital Metro will take over Washington, D.C.’s transit agency.
City of Malibu
EMC Planning Group Inc.
Jefferson Parish
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Rohnert Park
City of Hot Springs
City of Lakeway, Texas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
