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Segregation and Wealth Gap: FHA (GI Solders (Caucasian Solders (Low Loans…
Segregation and Wealth Gap: FHA
GI Solders
Caucasian Solders
Low Loans 1940
New Suburbia
Levittown
Green Lining 1980s
Provided Caucasians Services
98% of loans given
African American Solders
Home loans 1940
Limit Urban America
Red Lining 1980s
Denied African Americans services
2% of loans given
Appraisal System
Suburbia Overvalued
Greater Advantage
Fair Housing Act 1968
African Americans
Moved to Suburbia
Influx of African Americans
Suburbs underfunded
Homes devalued
Lack of funding for Public Schools
Caucasians
Begin Integrated Suburbs
White Flight
Properties increase Valued
Positive for Public School Funding
2020
Home Equity/Property Values
Economic Inequity
Lack of Public School funding
Lack of Infrastructure Funding