Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership (Justice, Power, and Politics)

LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD 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. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers – as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind. 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.

Business & Money

TAYLOR, KEEANGA-YAMAHTTA

Economics

The University of North Carolina Press

Product Description 
LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD 
FINALIST, 2020 PULITZER PRIZE IN HISTORY\nBy 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.\nRace 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. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers - as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind.\nNarrating 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.\nReview 
Details bungling mismanagement, gross corruption, distorted incentives, civil rights regulations that went unheeded and unenforced -- what Taylor calls a system of predatory inclusion that was distinct yet not entirely free from the racist system of exclusion that preceded it.-- 
The New York Times\nLike many historians, Taylor stays close to the history she documents and doesn't set out to address the present day in a sustained or direct way. She doesn't propose a solution to these perpetual abuses, and certainly not a neat, bipartisan policy move. In her telling, the problems are deep and abiding. They have to do with the degree to which the American Dream has become synonymous with the big yet also small accomplishment of owning a house.-- 
The New Republic\nIn this meticulously researched and well-written volume, Taylor . . . highlights an important chapter in African American history, focusing on how mortgage bankers and the FHA turned the promise of black home ownership into an urban nightmare, ultimately reinforcing historic urban-suburban racial segregation.-- 
CHOICE\nTaylor lays bare the naked racism, unethical practices, and rampant profiteering that saturated all aspects of the federal government and real estate industry's treatment of Black America.-- 
Planning Perspectives\nAmong the myriad strengths of 
Race for Profit is Taylor's thoughtful and poignant analysis of the structures of meaning that undergird the racialized political economy of homeownership in this period.-- 
H-Net Reviews\nNarrating 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.-- 
Democratic Left\nTaylor grounds her analysis in extensive archival research and in conversation with the historiography that it both ex

The eruption of mass protests in the wake of the police murders of Michael Brown in Ferguson, Missouri, and Eric Garner in New York City have challenged the impunity with which officers of the law carry out violence against black people and punctured the illusion of a postracial America. The Black Lives Matter movement has awakened a new generation of activists.    In this stirring and insightful analysis, activist and scholar Keeanga-Yamahtta Taylor surveys the historical and contemporary ravages of racism and persistence of structural inequality such as mass incarceration and black unemployment. In this context, she argues that this new struggle against police violence holds the potential to reignite a broader push for black liberation.

From #BlackLivesMatter to Black Liberation

Politics & Social Sciences

Social Sciences

Tantor Audio

Biographies & Memoirs

Community & Culture

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

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.

Winner of the 2016 Lannan Cultural Freedom Prize for an Especially Notable Book “Keeanga-Yamahtta Taylor's searching examination of the social, political and economic dimensions of the prevailing racial order offers important context for understanding the necessity of the emerging movement for black liberation.” —Michelle Alexander The eruption of mass protests in the wake of the police murders of Michael Brown in Ferguson, Missouri and Eric Garner in New York City have challenged the impunity with which officers of the law carry out violence against Black people and punctured the illusion of a postracial America. The Black Lives Matter movement has awakened a new generation of activists. In this stirring and insightful analysis, activist and scholar Keeanga-Yamahtta Taylor surveys the historical and contemporary ravages of racism and persistence of structural inequality such as mass incarceration and Black unemployment. In this context, she argues that this new struggle against police violence holds the potential to reignite a broader push for Black liberation.

Reference

Haymarket Books

Review\n"Ultimately, From #BlackLivesMatter to Black Liberation is an essential read for anyone following the movement for Black Lives. The text chronicles a portion of history we rarely ever see, while also bringing together data and deep primary source research in a way that lucidly explains the origins of the current moment." 
—Los Angeles Review of Books\n“This brilliant book is the best analysis we have of the #BlackLivesMatter moment of the long struggle for freedom in America. Keeanga-Yamahtta Taylor has emerged as the most sophisticated and courageous radical intellectual of her generation.” 
—Dr. Cornel West\n"Keeanga-Yamahtta Taylor's searching examination of the social, political and economic dimensions of the prevailing racial order offers important context for understanding the necessity of the emerging movement for black liberation." 
—Michelle Alexander, author of The New Jim Crow\n"Keeanga-Yamahtta Taylor’s has not written the average rushed first-wave book on a social movement. Taylor, a professor of African American studies at Princeton, is the rare academic writer whose sense of humor is as sharp as her scholarship. She’s written a sweeping yet concise history not just of the Black Lives Matter movement, but of the past seven years under the first black president and of how the 20th century led to our current state of woke uprising. It’s full of gems of historical insight and it fearlessly tackles what black liberation looks like when it happens in a black-governed city 40 miles from a black-occupied White House.” 
—Steven Thrasher, The Guardian\n"Class Matters! In this clear-eyed, historically informed account of the latest wave of resistance to state violence, Keeanga-Yamahtta Taylor not only exposes the canard of color-blindness but reveals how structural racism and class oppression are joined at the hip. If today’s rebels ever expect to end inequality and racialized state violence, she warns, then capitalism must also end. And that requires forging new solidarities, envisioning a new social and economic order, and pushing a struggle to protect Black Lives to its logical conclusion: a revolution capable of transforming the entire nation." 
—Robin D. G. Kelley, author of Freedom Dreams: The Black Radical Imagination\n"With political eloquence, intellectual rigor, and an unapologetically left analysis,the brilliant scholar-activist Keeanga Taylor has provided a powerful contribution to our collective understanding of the current stage of the Black freedom struggle in the United States, how we arrived at this point, and what battles we need to fight in order to truly achieve liberation. From #BlackLivesMatter to Black Liberation is a must read for everyone who is serious about the ongoing praxis of freedom." 
—Barbara Ransby, author of Ella Baker and the Black Freedom Movement: A Radical Democratic Vision\n"Keeanga-Yamahtta Taylor has a strong voice, a sharp mind and a clear, readable style that all come together in this penetrating, vital analysis of race and class at this critical moment in America's racial history." 
—Gary Younge, editor-at-large for the Guardian\n"Keeanga-Yamahtta Taylor brings the long history of Black radical theorizing and scholarship into the neoliberal 21st century with From #BlackLivesMatter to Black Liberation. Her strong voice is deeply needed at a time when young activists are once again reforging a Black liberation movement that is under constant attack. Deeply rooted in Black radical, feminist and socialist traditions, Taylor’s book is an outstanding example of the type of analysis that is needed to build movements for freedom and self-determination in a far more complicated terrain than that confronted by the activists of the 20th century. Her book is required reading for anyone interested in justice, equality and freedom." 
—Michael C. Dawson, author of Blacks In and Out of the Left\n"Mainstream political discourse right now, not only but particularly in the US, seems to be on a rac

Product Description 
The eruption of mass protests in the wake of the police murders of Michael Brown in Ferguson, Missouri and Eric Garner in New York City have challenged the impunity with which officers of the law carry out violence against Black people and punctured the illusion of a postracial America. The Black Lives Matter movement has awakened a new generation of activists.\nIn this stirring and insightful analysis, activist and scholar Keeanga-Yamahtta Taylor surveys the historical and contemporary ravages of racism and persistence of structural inequality such as mass incarceration and Black unemployment. In this context, she argues that this new struggle against police violence holds the potential to reignite a broader push for Black liberation. 
 Review 
"This brilliant book is the best analysis we have of the #BlackLivesMatter moment of the long struggle for freedom in America. Keeanga-Yamahtta Taylor has emerged as the most sophisticated and courageous radical intellectual of her generation." Dr. Cornel West"Keeanga-Yamahtta Taylor's searching examination of the social, political and economic dimensions of the prevailing racial order offers important context for understanding the necessity of the emerging movement for black liberation." Michelle Alexander, author of The New Jim Crow"From #BlackLivesMatter to Black Liberation is an essential read for anyone following the movement for Black Lives. The text chronicles a portion of history we rarely ever see, while also bringing together data and deep primary source research in a way that lucidly explains the origins of the current moment." Los Angeles Review of Books"Keeanga-Yamahtta Taylor 's has not written the average rushed first-wave book on a social movement. Taylor, a professor of African American studies- at Princeton, is the rare academic writer whose sense of humor is as sharp as her scholarship. She 's written a sweeping yet concise history not just of the Black Lives Matter movement, but of the past seven years under the first black president and of how the 20th century led to our current state of woke uprising. It 's full of gems of historical insight and it fearlessly tackles what black liberation looks like when it happens in a black-governed city 40 miles from a black-occupied White House." Steven Thrasher, The Guardian"Class Matters! In this clear-eyed, historically informed account of the latest wave of resistance to state violence, Keeanga-Yamahtta Taylor not only exposes the canard of color-blindness but reveals how structural racism and class oppression are joined at the hip. If today 's rebels ever expect to end inequality and racialized state violence, she warns, then capitalism must also end. And that requires forging new solidarities, envisioning a new social and economic order, and pushing a struggle to protect Black Lives to its logical conclusion: a revolution capable of transforming the entire nation." Robin D. G. Kelley, author of Freedom Dreams: The Black Radical Imagination"With political eloquence, intellectual rigor, and an unapologetically left analysis,the brilliant scholar-activist Keeanga Taylor has provided a powerful contribution to our collective understanding of the current stage of the Black freedom struggle in the United States, how we arrived at this point, and what battles we need to fight in order to truly achieve liberation. From #BlackLivesMatter to Black Liberation is a must read for everyone who is serious about the ongoing praxis of freedom." Barbara Ransby, author of Ella Baker and the Black Freedom Movement: A Radical Democratic Vision"Keeanga-Yamahtta Taylor has a strong voice, a sharp mind and a clear, readable style that all come together in this penetrating, vital analysis of race and class at this critical moment in America's racial history." Gary Younge, editor-at-large for the Guardian"Keeanga-Yamahtta Taylor brings the long history of Black radical theorizing and scholarship into the neolibe

From #BlackLivesMatter to Black Liberation (Expanded Second Edition)

The eruption of mass protests in the wake of the police murders of Michael Brown in Ferguson, Missouri and Eric Garner in New York City have challenged the impunity with which officers of the law carry out violence against Black people and punctured the illusion of a postracial America. The Black Lives Matter movement has awakened a new generation of activists.\nIn this stirring and insightful analysis, activist and scholar Keeanga-Yamahtta Taylor surveys the historical and contemporary ravages of racism and persistence of structural inequality such as mass incarceration and Black unemployment. In this context, she argues that this new struggle against police violence holds the potential to reignite a broader push for Black liberation.

See the best price to sell, buy, or rent books by TAYLOR, KEEANGA-YAMAHTTA. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by TAYLOR, KEEANGA-YAMAHTTA

See the best price to sell, buy, or rent books by TAYLOR, KEEANGA-YAMAHTTA. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership (Justice, Power, and Politics)

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership (Justice, Power, and Politics)

From #BlackLivesMatter to Black Liberation

From #BlackLivesMatter to Black Liberation

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership

From #BlackLivesMatter to Black Liberation

From #BlackLivesMatter to Black Liberation

From #BlackLivesMatter to Black Liberation (Expanded Second Edition)

From #BlackLivesMatter to Black Liberation (Expanded Second Edition)