How A Half Century Of Redlining Successfully Segregated American Neighborhoods, Ofo Ezeugwu, Huffington Post, March 17, 2017, available here
By excluding African Americans and Latinos from the mortgage market, it opened up many families to predatory lending which assisted in sparking subsequent generations of despair and poverty. By the 1950s, industrial companies had packed up and moved to the surrounding suburbs where white people now abundantly lived. This meant people of color were relegated to levels of high unemployment and diminishing neighborhoods that were being disinvested in and ignored. For twenty years, between the 1930s and 50s, three-fifths of homes purchased were financed by FHA. Realize, of that number, less than 2% of FHA loans went to non-white homebuyers.