Redlining in the United States of America Business Research Paper (Research Paper Sample)

Redlining in the United States of America
Name
Professor
Course
Institution
Date
Redlining in the United States of America
Redlining can be described as a process whereby banks, real estate lenders and other organizations refuse to provide mortgages or even offer housing loans for worse rates to customers within specific neighborhoods depending on their race as well as ethnic construction. Redlining is considered to be one of the most comprehensive exemplars of institutionalized racism within the history of the United States of America (Squires, 2011. Pp. 69). Despite having strong credit qualifications that would permit any individual mortgages or housing loans, African Americans were denied mortgages and even also loans of building improvement to the current proprietor within designated areas. Although the practice of redlining tends to be formally outlawed with the passing of the Fair House Act in 1968, it continues to exist in the present time in various forms (Gartz, 2018. Pp. 119). The term redline happens to be also applied where most considerable supermarkets neglect low-income communities, thus leaving individuals within the designated areas with limited access to quality and affordable food products.