The discriminatory lending policy led to “vast swaths' of vacant and boarded-up buildings in minority neighborhoods, the study by a team at the treasurer’s office found.
The 1500 block of South Spaulding Avenue in North Lawndale, shown Monday, was cited in a new study about redlining from the Cook County treasurer's office because of its many vacant or abandoned properties.Vacant and abandoned properties clustered on the Chicago’s South and West sides and southern suburbs have been a stubborn problem for decades.
The study released Tuesday on the local impact of redlining — the systematic denial of home loans in minority neighborhoods on the grounds they were a bad risk — took close to a year to put together, with the help of nearly a dozen people in the treasurer’s office. The 1500 block of South Christiana Avenue in North Lawndale was cited in a new study about redlining from the Cook County treasurer's office because of its many vacant or abandoned properties.
HOLC, which no longer exists, drew up maps that graded the prospects of mortgage lending in cities across the country. Red areas were deemed “hazardous,” due to lower rates of homeownership, poor housing conditions and an “undesirable population.” Yellow areas were “declining” in part because they were facing “infiltration of a lower grade population.” Blue and green were “still desirable” and “best,” respectively.
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