The Community Reinvestment Act Meant to Combat Redlining’s Effects. 45 Years Later, Black Homebuyers Are Still Significantly Underserved
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The community reinvestment act was enacted to combat the effects of redlining, but 45 years later, black homebuyers are still significantly underserved. The legacy of historic redlining continues to impact mortgage opportunities and wealth today, with some research suggesting the community reinvestment act may have unintended effects on banks. The effectiveness of the act in addressing lending discrimination is being reexamined, with some states taking steps to enforce laws aimed at ending such practices.
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