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Racial Differences in Homeownership
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Historically, what has been a significant factor contributing to the racial gap in homeownership rates?
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A
Redlining
💡 Explanation:
Redlining was a discriminatory practice by banks and mortgage lenders in which certain neighborhoods were deemed too risky for lending, often based on the racial composition of the residents. This practice made it difficult for Black and other minority families to obtain mortgages and purchase homes.