Race for Profit, KeeangaYamahtta Taylor
Race for Profit, KeeangaYamahtta Taylor
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Race for Profit
How Banks and the Real Estate Industry Undermined Black Homeownership

Author: Keeanga-Yamahtta Taylor

Narrator: Janina Edwards

Unabridged: 12 hr 29 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 03/24/2020

Synopsis

By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion.

Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners.

Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

About Keeanga-Yamahtta Taylor

Keeanga-Yamahtta Taylor writes on black politics, social movements, and racial inequality in the United States. Her articles have been published in Souls: A Critical Journal of Black Politics, the Guardian, Ms., and elsewhere. She is an assistant professor in the African American studies department at Princeton University.

Reviews

Goodreads review by D.

The private-public partnership has been a model long touted by politicians as a panacea for solving social problems without the bloat of government programs. But in Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, Keeanga-Yamahtta Taylor shows us how this model......more

Goodreads review by Matthew

As much as everybody went nuts for Matthew Desmond's Evicted, and without trying to directly compare the two, this book might perhaps deserve as much or more cultural fanfare as Desmond's book received. Taking as a starting point the vaunted housing initiatives set in place under Johnson's administr......more

Goodreads review by Alex

There is some irony that on the release day of Barack Obama's much feted memoir I finished Keeanga-Yamahtta Taylor's history of race and housing in the 1960s and 1970s. After all one of the most powerful criticisms of the Obama presidency was his administration's handling of the housing crisis, choo......more

Goodreads review by Kate

Beautiful, masterful, tragic, but overall such an impressively written and important history about federal government and it’s relationship w business, the forever unfulfilled promises of the welfare state, and American scapegoating of Black (women) households for political and economic issues. Reco......more

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