Modern-Day Redlining

Banks argue that the data used in a recent report that found racial disparities in Philadelphia mortgage lending doesn’t represent the full scope of their lending activities.

"These disparities hurt all Philadelphians and likely impact my constituents disproportionately,” the Point Breeze councilman said.

Nearly all financial institutions nationwide have passed Community Reinvestment Act inspections since 2009, even though racial disparities in lending remain pronounced.

Philadelphia is among the largest U.S. cities where people of color are denied conventional home purchase loans at significantly higher rates than whites.

As the Philadelphia housing market booms, white homebuyers and homebuyers of color are not equally able to reap its rewards.

Despite a recent building boom, Philadelphia’s housing market has not recovered from the Great Recession, especially outside Center City.

Decades after civil rights laws overruled racist policies that starved non-white neighborhoods of investment, new analysis shows that deep disparities linger.