Feds consider proposal to end incentives for banks that own low-income housing in high-crime neighborhoods
Following a WFAA-TV investigation, Dallas non-profit files petition with the government alleging policies that violate the rights of low-income minority families. Author: David Schechter, Jason Trahan, Chance Horner Published: 9:36 PM CDT June 24, 2021 Updated: 5:08 PM CDT June 28, 2021
DALLAS A Dallas nonprofit has petitioned the federal government to eliminate policies that incentivize banks to own affordable housing in areas of slum and blight and violate the civil rights of the minority community.
The action follows an investigation by WFAA-TV that revealed how banks own, or have owned, at least 50 low-income housing developments in Dallas including include Bank of America, Chase, Truist and Wells Fargo.
Banking Below 30: Why do banks own low-income Dallas housing?
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Banking Below 30: Why do banks own low-income Dallas housing?
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