OAKLAND (CBM) – There is no silver lining it seems when it comes to redlining.
Redlining describes the illegal practice when government agencies or private institutions systematically exclude certain groups of people or selectively raise the prices of goods and services for them. The most notable example is how the United States government and private banks intentionally denied African Americans home loans based on race through much of the 1900s.
A new study by Oakland-based policy institute The Greenlining Institute has found that Black, Latino and Native American borrowers still receive fewer home purchase loans than white borrowers. White borrowers receive more mortgage loans than Black and Brown borrowers, regardless of population or income.