Introduction: Neighborhoods First -- Beyond the Backlash: Organizing against Real Estate Abuse in a "Transitional" Urban Neighborhood -- The FHA in the City: Red Lines and the Origins of the Urban Reinvestment Movement -- It's Our Money: Defending Financial Common Sense in a Collapsing New Deal Order -- Communities Must Be Vigilant: The Financial Turn in National Urban Policy -- Reinvestment for Whom? The Limits of Bank-Led Reinvestment -- Let's Make the Market Work for Us: The Lost Fight for Credit Allocation and the Rise of Community-Bank Partnerships.
Summary:
"The story of how American banks helped disenfranchise nonwhite urbanities and condemn to blight the very neighborhoods that needed the most investment is infuriating. And yet, by digging into the history of urban finance, Rebecca Marchiel here illuminates how urban activists changed some banks' behavior to support investment in communities that they had once abandoned. These developments, in turn, affected federal urban policy and reshaped banks' understanding of the role that urban communities play in the financial system. The legacy of reinvestment activism is clouded, but Marchiel's detailing of it transforms our understanding of the history and significance of community/bank relations"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.