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From Redlining to Predatory Lending- The Racial Wealth Gap
October 16, 2018 @ 5:30 pm - 8:00 pm
Join us for a panel discussion and community conversation about the lifecycle of redlining, disinvestment, predatory lending, and gentrification and displacement — a damaging cycle that runs on racial prejudice and the unregulated flow of extractive capital out of and into communities — and the set of critical interventions from government, communities and businesses that are necessary at each stage of this destructive cycle.
This event will lift up the need for community-owned, deeply rooted financial institutions, businesses and housing; for government protections and incentives to make sure that productive, non-extractive services, goods and housing are available to low and moderate income residents during times of disinvestment, and protections for those residents so they are able to remain, thrive and reap the benefits of the influx of capital; and the need for community based advocacy and organizing to hold businesses and investors accountable to make investments that benefit the existing community, rather than profiting from their anticipated and engineered displacement.