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Mar

2010

Dreams shattered in Black America | SocialistWorker.org

Keeanga-Yamahtta Taylor documents the devastating foreclosure crisis in the African American community--and sets out the historical backdrop of housing issues and racism.

socialistworker.org/...dreams-shattered

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financial_crisis foreclosure racism African_Americans Latinos socialistworker USA

In Chicago, foreclosures increased by 18 percent in 2009, including 8,000 homes lost by Latinos and another 10,000 homes lost by African Americans. According to the Center for Responsible Lending, between 2009 and 2012, 1.3 million Latinos and 1.1 million African Americans are expected to lose their homes.
a 2005 study found that 70 percent of African Americans with incomes between $92,000 and $152,000 who bought homes were given sub-prime loans, versus 16 percent of whites in the same income range.