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.
Use the following link to access the full module: https://bit.ly/43gnQMy
After completing this module students should be able to…
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Identify the anti-Black private, public, and legal structures that created and sanctioned the following discriminatory practices in predominantly Black U.S. cities:
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Red lining
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Restrictive covenants
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Financial apartheid
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Contract sales/buying
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Deed restriction
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Understand the cumulative impact that redlining, the great migration, and forced displacement have had on the historical trauma experienced by Black residents and businesses in redlined neighborhoods in Baltimore.
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Compare and contrast the economic and social impact that historically anti-Black predatory housing and mortgage practices have had on the stability and long-term wealth benefits for White and Black entrepreneurs and their communities.
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Evaluate the disparate impact of previous local and federal “solutions” for creating racial equity in the mortgage industry home ownership in predominantly Black cities like Baltimore.
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Identify areas of need and opportunities that still exist to create home ownership and generational wealth in redlined neighborhoods.
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Identify how organizations, businesses, and institutions like Project Own are using a democratic, community owned process to create an equitable system of home ownership and generational wealth creation for residents in redlined communities.
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Demonstrate the personal growth and empathy required to make investments in entrepreneurs and companies that are creating inclusive models of home ownership and generational wealth creation in historically redlined neighborhoods.