Editing Redlining (section)

==== Banks ====
Much of the economic impacts we find as a result of redlining and the banking system directly impact the African American community. Beginning in the 1960s, there was a large influx of black [[veteran]]s and their families moving into suburban white communities. As blacks moved in, whites moved out and the market value of these homes dropped dramatically. In observation of said market values, bank lenders were able to keep close track by literally drawing red lines around the neighborhoods on a map. These lines signified areas that they would not invest in. By way of racial redlining, not only banks but savings and loans companies, insurance companies, grocery chains, and even pizza delivery companies thwarted economic vitality in black communities.<ref>{{Cite journal |jstor=3132626 |title=Environmental Justice in the 21st Century: Race Still Matters |last1=Bullard |first1=Robert D. |journal=Phylon |volume=49 |issue=3/4 |pages=151–171 |year=2001 |doi=10.2307/3132626 |url=https://uwosh.edu/sirt/wp-content/uploads/sites/86/2017/08/Bullard_Environmental-Justice-in-the-21st-Century.pdf}}</ref> The severe lacking in civil rights laws in combination with the economic impact led to the passing of the [[Community Reinvestment Act]] in 1977.

Racial and economic redlining set the people who live in these communities up for failure from the start, so much so that banks would often deny people who came from these areas bank loans or offered them at stricter repayment rates. As a result, there was a very low rate at which people (in particular African Americans) were able to own their homes; opening the door for [[Slumlord|slum landlords]] (who could get approved for low interest loans in those communities) to take over and do as they saw fit.<ref>{{Cite journal |doi=10.1016/S0094-1190(02)00508-9 |title=Redlining, the Community Reinvestment Act, and private mortgage insurance |journal=Journal of Urban Economics |volume=55 |issue=2 |pages=278–297 |year=2004 |last1=Ross |first1=Stephen L. |last2=Tootell |first2=Geoffrey M.B. |url=https://opencommons.uconn.edu/cgi/viewcontent.cgi?article=1311&context=econ_wpapers |citeseerx=10.1.1.194.5280}}</ref>