How does redlining make way for gentrification?
Answers
Redlining was a process in which the Home Owners' Loan Corporation (HOLC), a federal agency, gave neighborhoods ratings to guide investment. This policy is so named for the red or “hazardous” neighborhoods that were deemed riskiest. These neighborhoods were predominantly home to communities of color, and this is no accident; the “hazardous” rating was in large part based on racial demographics. In other words, redlining was an explicitly discriminatory policy. Redlining made it hard for residents to get loans for homeownership or maintenance, and led to cycles of disinvestment.
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Answer:
Redlining was a process in which the Home Owners' Loan Corporation (HOLC), a federal agency, gave neighborhoods ratings to guide investment. This policy is so named for the red or “hazardous” neighborhoods that were deemed riskiest. These neighborhoods were predominantly home to communities of color, and this is no accident; the “hazardous” rating was in large part based on racial demographics. In other words, redlining was an explicitly discriminatory policy. Redlining made it hard for residents to get loans for homeownership or maintenance, and led to cycles of