Redlining Richmond: Part 4
Investopedia.com has a series on the history of redlining and use of restrictive deeds and covenants to perpetuate racial discrimination at a national and state level until the late 1970's, that is well worth the read. A few takeaways:
Life expectancy remains 3.6 years lower in formerly red-lined areas
Personal wealth is 52% lower inside formerly redlined areas
Redlining as a practice wasn't ended until 1977 during the Carter Administration, three years after the Equal Credit Opportunity Act of 1974, and nine years after the Fair Housing Act of 1968.
The myth that government-sanctioned racism is a thing of the long past is patently false and easily refuted. If we deny its recent existence then we will be damned to not see reality for what it is, and not propose solutions based on that reality.
