Tags Discriminatory lending practices
Tag: discriminatory lending practices
The Alliance of Californians for Community Empowerment (ACCE) is at the forefront of the resistance to the foreclosures and illegal taking of homes by the banks. ACCE, the Center for Popular Democracy and the Home Defenders League released a report March 12 entitled “California in Crisis: How Wells Fargo’s Foreclosure Pipeline is Damaging Local Communities.”
In 1920, at the height of Black farm ownership, one in seven U.S. farms was Black-operated; by 1992, the number had fallen to one in 100. From discriminatory lending practices to foreclosures, the USDA's policies have directly contributed to a massive loss of Black land wealth.