

Hero image 0 of Justice, Power, and Politics Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, (Hardcover), 0 of 1
Justice, Power, and Politics Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, (Hardcover)
(No ratings yet)
Key item features
- Justice, Power, and Politics Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, (Hardcover)
- Author: University of North Carolina Press
- ISBN: 9781469653662
- Format: Hardcover
- Publication Date: 2019-10-21
- Page Count: 368
Specs
- Book formatHardcover
- Fiction/nonfictionNon-Fiction
- GenreHistory
- Publication dateOctober, 2019
- Pages368
- SubgenreAfrican American & Black
Current price is USD$26.00
Price when purchased online
- Free shipping
Free 30-day returns
$26.00
$8.61
How do you want your item?
Ships to
Arrives between May 18 - May 21
|Sold and shipped by Alibris Books
4.569115147177239 stars out of 5, based on 11177 seller reviews(4.6)11177 seller reviews
Free 30-day returns
About this item
Product details
LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD
FINALIST, 2020 PULITZER PRIZE IN HISTORY
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. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers - as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind.
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.
FINALIST, 2020 PULITZER PRIZE IN HISTORY
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. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers - as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind.
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.
- Justice, Power, and Politics Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, (Hardcover)
- Author: University of North Carolina Press
- ISBN: 9781469653662
- Format: Hardcover
- Publication Date: 2019-10-21
- Page Count: 368
info:
We aim to show you accurate product information. Manufacturers, suppliers and others provide what you see here, and we have not verified it. Â
Specifications
Book format
Hardcover
Fiction/nonfiction
Non-Fiction
Genre
History
Publication date
October, 2019
Warranty
Warranty information
Please be aware that the warranty terms on items offered for sale by third party Marketplace sellers may differ from those displayed in this section (if any). To confirm warranty terms on an item offered for sale by a third party Marketplace seller, please use the 'Contact seller' feature on the third party Marketplace seller's information page and request the item's warranty terms prior to purchase.
Similar items you might like
Based on what customers bought
Black-Owned: The Revolutionary Life of the Black Bookstore, (Hardcover) $17.93
$1793current price $17.93Black-Owned: The Revolutionary Life of the Black Bookstore, (Hardcover)
Columbia Studies in the History of U.S. The Lowest Freedom: Racial Capitalism and Black Thought in the Nineteenth Century, (Paperback) $27.00
$2700current price $27.00Columbia Studies in the History of U.S. The Lowest Freedom: Racial Capitalism and Black Thought in the Nineteenth Century, (Paperback)
Black Trailblazers: Pioneering African Americans Who Shaped the Founding and Development of America, (Paperback) $24.95
$2495current price $24.95Black Trailblazers: Pioneering African Americans Who Shaped the Founding and Development of America, (Paperback)
Original Sins: The (Mis)Education of Black and Native Children and the Construction of American Racism, (Hardcover) $25.57 Was $30.00
$2557current price $25.57, Was $30.00$30.00Original Sins: The (Mis)Education of Black and Native Children and the Construction of American Racism, (Hardcover)
America in the Nineteenth Century A Brotherhood of Liberty: Black Reconstruction and Its Legacies in Baltimore, 1865-1920, (Paperback) $24.95
$2495current price $24.95America in the Nineteenth Century A Brotherhood of Liberty: Black Reconstruction and Its Legacies in Baltimore, 1865-1920, (Paperback)
Overground Railroad: The Green Book and the Roots of Black Travel in America, (Paperback) $21.63 Was $25.00
$2163current price $21.63, Was $25.00$25.00Overground Railroad: The Green Book and the Roots of Black Travel in America, (Paperback)
The Plunder of Black America: How the Racial Wealth Gap Was Made, (Hardcover) $25.32
$2532current price $25.32The Plunder of Black America: How the Racial Wealth Gap Was Made, (Hardcover)
A Thousand Ways to Die: The True Cost of Violence on Black Life in America, (Hardcover) $9.99 Was $19.54
$999current price $9.99, Was $19.54$19.54A Thousand Ways to Die: The True Cost of Violence on Black Life in America, (Hardcover)
14 out of 5 Stars. 1 reviewsAt the Table of Power: Food and Cuisine in the African American Struggle for Freedom, Justice, and Equality, (Hardcover) $24.29
$2429current price $24.29At the Table of Power: Food and Cuisine in the African American Struggle for Freedom, Justice, and Equality, (Hardcover)
Black Power Organizing Your Own: The White Fight for Black Power in Detroit, (Paperback) $24.95
$2495current price $24.95Black Power Organizing Your Own: The White Fight for Black Power in Detroit, (Paperback)
The Black Athlete Revolt: The Sport Justice Movement in the Age of #BlackLivesMatter, (Hardcover) $23.54
$2354current price $23.54The Black Athlete Revolt: The Sport Justice Movement in the Age of #BlackLivesMatter, (Hardcover)
Black Wall Street: The Wealthy African American Community of the Early 20th Century, (Paperback) $9.99
$999current price $9.99Black Wall Street: The Wealthy African American Community of the Early 20th Century, (Paperback)
15 out of 5 Stars. 1 reviewsRooted: How a Daughter of the South Traced Her Bloodline Back 44,000 Years and Calls Us to Remember Who We Really Are, (Paperback) $14.99
$1499current price $14.99Rooted: How a Daughter of the South Traced Her Bloodline Back 44,000 Years and Calls Us to Remember Who We Really Are, (Paperback)
Pre-Owned The African-American Century: How Black Americans Have Shaped Our Country Paperback $6.30
$630current price $6.30Pre-Owned The African-American Century: How Black Americans Have Shaped Our Country Paperback
Pre-Owned Jubilee: The Emergence of African-American Culture (Hardcover) 0792269829 9780792269823 $6.55
$655current price $6.55Pre-Owned Jubilee: The Emergence of African-American Culture (Hardcover) 0792269829 9780792269823
Madness: Race and Insanity in a Jim Crow Asylum, (Paperback) $8.42
$842current price $8.42Madness: Race and Insanity in a Jim Crow Asylum, (Paperback)
Fifteen Cents on the Dollar: How Americans Made the Black-White Wealth Gap, (Hardcover) $11.64
$1164current price $11.64Fifteen Cents on the Dollar: How Americans Made the Black-White Wealth Gap, (Hardcover)
Black Moses: A Saga of Ambition and the Fight for a Black State, (Hardcover) $22.50
$2250current price $22.50Black Moses: A Saga of Ambition and the Fight for a Black State, (Hardcover)
To Establish the National Museum of African American History and Culture Within the Smithsonian Institution, (Hardcover) $26.95
$2695current price $26.95To Establish the National Museum of African American History and Culture Within the Smithsonian Institution, (Hardcover)
American Dream Deferred: Black Federal Workers in Washington, D.C., 1941-1981, (Hardcover) $9.41 Was $17.62
$941current price $9.41, Was $17.62$17.62American Dream Deferred: Black Federal Workers in Washington, D.C., 1941-1981, (Hardcover)
Customer ratings & reviews
0 ratings|0 reviews
This item does not have any reviews yet
Related pages
- People Hater
- African American Senators
- African Famine
- Civil & Human Rights Social Themes Teen & Young Adult Books
- Africa Must Unite
- Black People Unite
- Africa Aid
- African Political Books
- African American History Books
- Social Activists Biographies & Memoirs
- Emigration & Immigration Social Themes Teen & Young Adult Books
- Politics & Government Teen & Young Adult Books
