How much money was drained from the pockets of black homeowners denied access to the federally insured-mortgages readily available to their white counterparts?
How much generational wealth was lost as a result?
How does it affect Chicago today and how do we respond?
Join us at the Federal Reserve Bank of Chicago on November 28, 2018 for a citywide Symposium that will examine and reframe the prevailing narrative of how Chicago’s impoverished black communities were created. Featuring:
- the release of a groundbreaking study on the monetary costs of contract home contract sales to Chicago’s black families;
- a panel of nationally leading scholars;
- and a sneak preview of the documentary series, Shame of Chicago
Sponsored by the Samuel DuBois Cook Center on Social Equity at Duke University, the Natalie Voorhees Center for Neighborhood and Community Improvement at the University of Illinois Chicago Campus, and the Policy Research Collaborative at Roosevelt University.
With financial support from the UIC Institute for Policy and Civic Engagement, Duke University, the Steans Family Foundation, the Pierce Family Foundation, the Chicago Community Trust, and the Wieboldt Foundation.
The event will illuminate how Chicago’s impoverished minority communities were really formed to begin a critical conversation about the key components of wealth inequality between Chicago’s black and white households.