{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Rebecca Marchiel on Redlining, Financial Deregulation, and the Urban Reinvestment Movement ","description":"The history of red-lining is one increasingly well-known within and beyond the academy. In the 1930s, as part of an attempt to shore up the struggling economy by underwriting home mortgages, the government\u2019s Home Owners\u2019 Loan Corporation (HOLC), developed a series of guidelines and criteria for assessing the risk of lending in urban areas. HOLC criteria drew heavily on the racial logics employed by lenders, developers, and real estate appraisers. Thus, \u201cA-rated\u201d neighborhoods, those associated with the least risk for banks and mortgage lenders, tended to be exclusively white. While, \u201cD\u201d-rated areas, deemed the most-risky, included large numbers of black and\/or other non-white residents. These neighborhoods were color-coded red on HOLC maps, hence the term red-lining. They were often denied home loans. HOLC and redlining had a dramatic effect on American cities with consequences lasting to the present day. Yet, the image of the HOLC\u2019s color-coded maps suggests a more static relationship between lending and urban America than actually existed. In today\u2019s episode, Rebecca Marchiel tells a more complex and nuanced story of white and black community activists who engaged with the federal government and banks in an effort to expose redlining\u2014in its multiple forms\u2014and imprint their own \u201cfinancial common sense\u201d on banking. In doing so, she undercuts notions that the reality depicted in HOLC\u2019s maps was set in stone by the 1960s, when residents in Chicago\u2019s West Side first became suspicious that they had become victims of red-lining, while at the same time revealing the alternative models of financing proposed by community activists in the urban reinvestment movement. ","author_name":"Who Makes Cents?: A History of Capitalism Podcast","author_url":"https:\/\/whomakescentspodcast.com","html":"