Yellow Scene Magazine, April 27, 2021, The Injustice of Real Estate: History, Hope, and Solutions for a More Equitable Future
Redlining was the racist methodology that marginalized BIPOC and foreign communities and came about after the New Deal, which was said to have revolutionized the ability to acquire loans for homeownership. The Home Owners’ Loan Corporation (HOLC) created “Residential Security” maps, color-coding American cities in four different categories including the lowest, “Hazardous” zone which were subsequently redlined by lending institutions impacting the decades to follow. According to the study, “HOLC “Redlining” Maps: the persistent structure of segregation and economic inequality” conducted by the National Community Reinvestment Coalition (NCRC), 74 percent of the neighborhoods that were marked hazardous “eight decades ago are low-to-moderate income (LMI) today.”
