In honor of Black History Month, we’re sharing a list of books that highlight previous and existing racial disparities, biases, and discrimination within the real estate industry. It’s important to learn about the ways our industry has perpetuated racial disparities and erected barriers to Black and African-American people.
The Voucher Promise: Section 8 and the Fate of an American Neighborhood by Eva Rosen
The Voucher Promise examines the Housing Choice Voucher Program, colloquially known as “Section 8,” and how it shapes the lives of families living in a Baltimore neighborhood called Park Heights. Eva Rosen tells stories about the daily lives of homeowners, voucher holders, renters who receive no housing assistance, and the landlords who provide housing. While vouchers are a powerful tool with great promise, she demonstrates how the housing policy can replicate the very inequalities it has the power to solve.
Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership by Keeanga-Yamahtta Taylor
By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion.
The Color of Law: A Forgotten History of How Our Government Segregated America by
In this groundbreaking history of the modern American metropolis, Richard Rothstein, a leading authority on housing policy, explodes the myth that America’s cities came to be racially divided through de facto segregation—that is, through individual prejudices, income differences, or the actions of private institutions like banks and real estate agencies. Rather, The Color of Law incontrovertibly makes clear that it was de jure segregation—the laws and policy decisions passed by local, state, and federal governments—that actually promoted the discriminatory patterns that continue to this day.
Family Properties: Race, Real Estate, and the Exploitation of Black Urban America by Beryl Satter
The “promised land” for thousands of Southern blacks, postwar Chicago quickly became the most segregated city in the North, the site of the nation’s worst ghettos and the target of Martin Luther King Jr.’s first campaign beyond the South. In this powerful book, Beryl Satter identifies the true causes of the city’s black slums and the ruin of urban neighborhoods throughout the country: not, as some have argued, black pathology, the culture of poverty, or white flight, but a widespread and institutionalized system of legal and financial exploitation.
American Apartheid: Segregation and the Making of the Underclass by Douglas Massey and Nancy Denton
American Apartheid shows how the black ghetto was created by whites during the first half of the twentieth century in order to isolate growing urban black populations. It goes on to show that, despite the Fair Housing Act of 1968, segregation is perpetuated today through an interlocking set of individual actions, institutional practices, and governmental policies. In some urban areas the degree of black segregation is so intense and occurs in so many dimensions simultaneously that it amounts to “hypersegregation.”
The Black Butterfly: The Harmful Politics of Race and Space in America
The world gasped in April 2015 as Baltimore erupted and Black Lives Matter activists, incensed by Freddie Gray’s brutal death in police custody, shut down highways and marched on city streets. In The Black Butterfly—a reference to the fact that Baltimore’s majority-Black population spreads out on both sides of the coveted strip of real estate running down the center of the city like a butterfly’s wings—Lawrence T. Brown reveals that ongoing historical trauma caused by a combination of policies, practices, systems, and budgets is at the root of uprisings and crises in hypersegregated cities around the country.
*All book summaries were sourced from goodreads.com.
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