By Carlos Ballesteros
September 1, 2020
Chicago’s Black neighborhoods have also been plundered for decades. An analysis of home loans from 2012 through 2018 by NPR affiliate WBEZ and City Bureau, a local journalism nonprofit, found that for every $1 banks loaned in Chicago’s white neighborhoods, they invested 12 cents in the city’s Black neighborhoods. The Chicago Reporter found that in 2005, Black homeowners earning $100,000 or more a year were more likely to get saddled with expensive mortgages than white homeowners earning less than $35,000.