Industry NewsMarkets & Economy

Housing segregation rampant

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Discrimination in housing and lending continues to produce "extreme levels of residential segregation" 40 years after the passage of the Fair Housing Act, according to a comprehensive report by a bipartisan commission chaired by former housing secretaries Jack Kemp and Henry Cisneros. The report, which follows on the heels of hearings in five cities from July to October, found "severe and ongoing problems" with the Department of Housing and Urban Development's enforcement of fair-housing laws, and room for improvement in housing programs that may be promoting, rather than preventing, racial segregation. In its report, the National Commission on Fair Housing and Equal Opportunity calls for the creation of an independent fair housing enforcement agency, staffed by career employees with experience in fair-housing issues and guided by an advisory commission appointed by the president. Ending housing discrimination should be a high priority, the report sai...