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Recent investigations allege racially discriminatory mortgage lending practices in Black neighborhoods in the
Redlining refers to the practice implemented by the
“Studies have shown that housing equity accounts for two-thirds of a household’s wealth, meaning continued practices of housing discrimination is the largest contributor to the racial wealth gap,” Pryor said. “This gap in equity means that white families are able to accumulate over 10 times more wealth than Black families.
“Redlining and the resulting racial wealth gap continues to hurt communities of color by affecting access to public education, representation in the statehouse, housing affordability, wealth accumulation and the ability to save and retire.
“Continued housing discrimination perpetuates systemic racism by feeding into broken-window policing, disproportionate involvement in the criminal justice system and a lack of public investment in these historically Black communities. These civil rights violations have serious economic consequences for all Hoosiers.