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The opportunity cost of modern-day redlining

Housing Wire

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. From 2020 to 2030, the Urban Institute projects 8.5 million net new households.

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Black Americans still face massive housing barriers

Housing Wire

.” Earlier this month, groups including the Department of Housing and Urban Development (HUD), the Mortgage Bankers Association, the National Association of Realtors, the National Association of Real Estate Brokers unveiled a plan to increase Black homeownership significantly by 2030.