Race for Profit by Keeanga-Yamahtta Taylor

Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. Keeanga-Yamahtta Taylor is the author of the forthcoming 'Race for Profit: Black Homeownership and the End of the Urban Crisis' (University of North Carolina Press, 2019). The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. Keeanga-Yamahtta Taylor, author of 'Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership,' talks about her book during a conversation at the University of. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. 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 and the real estate industry to treat Black homebuyers equally.

Her book, 'Race for Profit: How Banks and the Real Estate Industry. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned.īy the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Taylor is one of the nations most prominent scholars on Black liberation politics, social movements and racial inequality.

Race for Profit by Keeanga-Yamahtta Taylor