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Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

4.27  ·  Rating details ·  15 ratings  ·  5 reviews
LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD

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 poli
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Hardcover, 368 pages
Published October 21st 2019 by University of North Carolina Press
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D.  St. Germain
Oct 10, 2019 rated it really liked it
The private-public partnership has been a model long touted by politicians as a panacea for solving social problems without the bloat of government programs. But in Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, Keeanga-Yamahtta Taylor shows us how this model repeatedly failed black homeowners. She illuminated the low-income housing programs to encourage home ownership that enabled a new class of real estate professionals to profit off substandard housing, with the ful ...more
Matthew Hall
Nov 06, 2019 rated it it was amazing
As much as everybody went nuts for Matthew Desmond's Evicted, and without trying to directly compare the two, this book might perhaps deserve as much or more cultural fanfare as Desmond's book received. Taking as a starting point the vaunted housing initiatives set in place under Johnson's administration, this book details the institutional and administrative failings that beset these programs, as well as the way in which the "public/private partnerships" so touted by The Great Society became li ...more
BMR, LCSW
Nov 01, 2019 rated it it was amazing
There is so much more to the history of Blacks and homeownership in the US than redlining and restrictive covenants. As with most policies in the US, centuries of exclusion are very difficult to recover from for the most marginalized and minoritized populations.

Mitt's dad George Romney plays a very large role in the book, during his time as the head man at HUD.

Recommended for history geeks, policy wonks, and housing scholars. Natives of Baltimore, Detroit, St. Louis, and
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Never Without a Book™
Oct 17, 2019 rated it really liked it
Keeanga-Yamahtta Taylor novel Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, is another example of how hard it is to be Black. The stunts the government has pulled in the housing industry….ugh! I don’t even know where to begin here.

Throughout this book Yamahtta Taylor highlights on the low-income housing programs (HUD) that encouraged “Black homeownership” but, ultimately was a set up from the start. The purpose of the Federal Housing Administration is t
...more
Doris Raines
Nov 15, 2019 rated it did not like it
REALLY WHAT COLOR OF ONE SKIN ———HAS TO DO WITH A BLACK FEMALE PAYING RENT I RATE THIS BOOK 0–F FOR FAILURE MONEY IS STILL GREEN. REALLY WHAT A CUPID BOOK.👎
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Keeanga-Yamahtta Taylor writes on Black politics, social movements, and racial inequality in the United States. Her articles have been published in Souls: A Critical Journal of Black Politics, Culture and Society, Jacobin, New Politics, the Guardian, In These Times, Black Agenda Report, Ms., International Socialist Review, Al Jazeera America, and other publications. Taylor is assistant professor i ...more