Blame Series Bonus: How Federal Policy Created America’s Fergusons
…t’s a home price that was affordable with an FHA or VA mortgage to working class families, black or white. Many black families could have afforded those homes in the late 1940s and 1950s, but they were prohibited from purchasing them by FHA policy. Today, those homes sell for $500,000 or $600,000. We now have a law, the Fair Housing Act, which says that African Americans are free to live anywhere they want. They can live in Levittown, they can liv…
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