The Fair Housing Act of 1968 and the Community Reinvestment Act of 1977 are two key acts of federal legislation that were passed to combat various discriminatory housing practices around the country.
The Community Reinvestment Act of 1977 was passed to ensure banks make credit available to all parts of the communities they serve, including low- to moderate-income, and minority communities.4 Banks would accept deposits from African Americans, but then refused to extend credit to those families because they were in "redlined" neighborhoods. The CRA was passed to promote banking services in these communities and to move private funds back into urban neighborhoods. Gale Cincotta, of Chicago’s National People’s Action, led the fight to pass the CRA through Congress and enforce it.5 The Home Mortgage Disclosure Act of 1975 was passed to collect data and ensure disclosure, and the CRA was passed to use that data to implement policy. The two were meant to work together. It was Gale Cincotta’s belief and efforts to get these acts of legislation passed to improve the lending conditions in urban neighborhoods.
Emergence of Exploitative Contract Selling, Part 1: An Introduction
Emergence of Exploitative Contract Selling, Part 2: Restrictive Covenants and Real Estate Boards
Emergence of Exploitative Contract Selling, Part 3: The Federal Housing Administration
1 “Kerner Report”. Wikipedia.
2 “1968: Federal Fair Housing Act”. bostonfairhousing.org.
3 “The Fair Housing Act of 1968”. legal-dictionary.thefreedictionary.com.
4 “Community Reinvestment Act (CRA)”. occ.gov.
5 “Community Reinvestment Act”. Wikipedia.