Where Credit Is Due


While much recent attention has been focused on the subprime lending and foreclosure crisis, little has been said about it's radically-disparate impact. Drawing upon history as well as insight into the current crisis, this book shows that this crisis is not an anomaly, especially for people of color; nor is it over. People of color have been excluded from wealth-building opportunities via homeownership continuously throughout U.S. history, from the outright denial of credit and residential racial discrimination, to federally-sponsored urban renewal programs. The subprime lending and foreclosure crisis is predicted to strip a quarter of a trillion dollars in wealth from black and Latino homeowners. It has reversed home ownership gains for people of color and has decimated neighborhoods across the United States while impacting local, regional, national, and international economies. The consequences are devastating. This collection of essays provides a framework for creating equitable policy and ultimately building more stable communities for all Americans. 

Haas Institute Director john a. powell co-edited this collection of essays with Christy Rogers and contributed the last chapter, The Housing and Credit Crisis Revisited: Looking Back and Moving Forward," with Jason Reece. To buy this book, click here to purchase from the publisher or here for Amazon.