Troy Holt

24%
Flag icon
In a 1941 memo, the FHA unapologetically explained that “the rapidly rising Negro population has produced a problem in the maintenance of real estate values.”25 A good neighborhood, according to the FHA, was one that prevented “inharmonious racial groups,” which meant that the only groups that did not threaten property values were white families.
The Color of Money: Black Banks and the Racial Wealth Gap
Rate this book
Clear rating
Open Preview