Troy Holt

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Even blacks who managed to leave the ghetto were caught in the Jim Crow credit market. In a few racially mixed or black suburbs in Atlanta, Memphis, New Orleans, Long Island, and Philadelphia, the black middle class was able to buy homes and find a “good living,” according to the Chicago Defender. Though these families could obtain mortgages, they were paying much more for them than their white neighbors even when they were buying the same amount of home.
The Color of Money: Black Banks and the Racial Wealth Gap
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