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

Dr. Keeanga Yamahtta-Taylor on Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership
The Richard A. Brustad Lecture | Center for Urban and Regional Affairs

Thursday, November 7: 5:30–7 p.m.
Cowles Auditorium, Humphrey School of Public Affairs
Free to attend; please register in advance

In her most recent book, Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, Keeanga-Yamahtta Taylor offers a damning chronicle of the twilight of redlining and the introduction of conventional real estate practices into the Black urban market, uncovering a transition from racist exclusion to predatory inclusion.

As new housing policies came into effect in the 1970s, the real estate industry abandoned its aversion to African Americans, especially Black women, precisely because they were more likely to fail to keep up their home payments and slip into foreclosure.

Taylor narrates this dramatic transformation in housing policy, its financial ramifications, and its influence on African Americans. She reveals that federal policy transformed the urban core into a new frontier of cynical extraction disguised as investment.

Keeanga-Yamahtta Taylor is assistant professor of African American studies at Princeton University and the author of From #BlackLivesMatter to Black Liberation.

The Richard A. Brustad Lecture, established in 2017, commemorates Dick Brustad's 53-year career in affordable housing development. He led creation of affordable housing in the city, suburbs, and outstate regions of Minnesota. The lecture series serves as a forum for discussing housing issues facing the Twin Citeis region and brings in experts from around the country.

Contact hhhevent@umn.edu or 612-301-2102 with questions.

November 7, 2019
5:30 PM to 7:00 PM
Humphrey School of Public Affairs
301 19th Avenue South
Minneapolis, MN 55455