This episode of the Dig is brought to you by our supporters at patreon.com and by

University of North Carolina press which has loads of great titles perfect for dig listeners like you. One that you might like is

race for profit, how banks and the real estate industry undermined black homeownership by Kiega Yamada Taylor, a frequent

guest right here on the dig.

In the late 1960s and early 1970s, a wave of urban uprisings pushed politicians to bring about

an end to 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

policies to induce mortgage lenders in the real estate industry to treat

black homebuyers equally.

What ensued was a bonanza of racist corruption at the expense of black homebuyers.

The racist exclusion of redlining had been transmuted into a new phenomenon of predatory inclusion.

Race for profit uncovers how exploitative real estate practices

continued well after housing discrimination was banned, and new policies

meant to encourage low-income homeownership created new methods to exploit black homeowners.

By the end of the 1970s, the push to uplift black homeownership had descended into a gold mine for realtors and mortgage lenders.

Called by Michelle Alexander, a horror story of racial capitalism and long listed for the National Book Award,

Race for Profit reveals how the Urban Corps was transformed into a new frontier of cynical extraction.

Race for profit, how banks in the real estate industry

undermined black homeownership by Kiega Yamada Taylor.

Out now, from University of North Carolina Press. Welcome to the Dig, a podcast from Jackbinn magazine. My name is Daniel

Denver and I'm broadcasting from Providence, Rhode Island.

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