Stories, Context, and the Lived Experience of Black Entrepreneurs, Module I: Mortgages and Generational Wealth
Anti-Black lending practices of the 20th century have had a lasting impact on American society and the financial health of Black households and individuals. The goals of this module are for students to apply pre-requisite knowledge, skills, and concepts related to finance lending and mortgages in order to state, comprehend, and evaluate the devastation of the anti-Black lending practices from both a business and human perspective.
After completing this module students should be able to…
- Identify the anti-Black private, public, and legal structures that created and sanctioned the following discriminatory practices in predominantly Black U.S. cities: red lining, restrictive covenants, financial apartheid, contract sales and buying, and deed restriction.
- Understand the cumulative impact that long term anti-Black housing practices have had on the historical trauma experienced by Black residents and businesses in redlined neighborhoods in Baltimore.
- Compare and contrast the economic opportunities and long-term wealth benefits that historically racist, predatory, housing and mortgage practices have created for White and Black entrepreneurs and their communities.
- Explain how anti-Black predatory housing and mortgage practices have disrupted the opportunities for wealth creation and stability for Black residents and businesses in redlined neighborhoods in Baltimore.
- Evaluate the efficacy of previous solutions for creating racial equity in the mortgage industry homeownership in Baltimore.
- Identify areas of need and opportunities that still exist to create home ownership and generational wealth in redlined neighborhoods.
- Identify the organizations, businesses, and institutions that are using a democratic, community owned process to create an equitable system of home ownership and generational wealth creation for residents in redlined communities.
- Demonstrate how investments in companies and industries that are creating inclusive models of home ownership and generational wealth creation may begin to dismantle the damage caused by the ongoing historical trauma in redlined neighborhoods.