Race for Profit begins as calls for improved housing conditions reached a fever pitch in the mid-1960s, with protestors occupying the chamber of the House of Representatives after Congress failed to pass a bill providing rat extermination to the nation’s cities. Race for Profit emerges as a necessary addition to the housing canon, expanding existing understandings of discrimination and advocating for a radical re-envisioning of our approach to housing. Through these programs’ reliance on unprecedented public-private partnerships, the real estate industry transformed housing discrimination from an operation of exclusion into what Taylor terms predatory inclusion, systematically exploiting Black homebuyers through their incorporation into the market. In Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership, Keeanga-Yamahtta Taylor details how following the end to Federal Housing Administration (FHA) redlining in 1967 and the passage of the Fair Housing Act the following year, federal low-income homeownership programs extended mortgages backed by the FHA to Black homebuyers in urban areas. Veronica Brown discusses author Keeanga-Yamahtta Taylor’s 2019 book, Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership. This week, we are sharing a book review that appeared in the most recent edition of the Carolina Planning Journal (Volume 45).
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