Bank of America is in the hot seat today after the National Fair Housing Alliance (NFHA) and nine of its member organizations filed an amended federal housing discrimination complaint against the corporation and its subsidiaries Bank of America N.A. and BAC Home Loan Servicing, LP. This complaint is an addition to a previous investigation in 2012 that revealed Bank of America better maintained and marketed foreclosed homes in white neighborhoods than in African-American and Latino neighborhoods. The 2012 investigation The 2012 investigation covered 373 homes across eight cities, which included: Atlanta, Georgia Dallas Dayton, Ohio Grand Rapids, Michigan Miami/Ft. Lauderdale, Florida Oakland/Richmond/Concord, California Phoenix, Arizona The metropolitan Washington, D.C. area “Our economy may be recovering in some communities, but this is a Tale of Two Recoveries,” said Shanna L. Smith, President and CEO of the NFHA in Washington, D.C., o...
- This complaint is a continuation of a 2012 case that claimed Bank of America better maintained and marketed foreclosed homes in White neighborhoods than in African-American and Latino neighborhoods.
- NFHA's investigations revealed that homes in African-American and Latino neighborhoods had overgrown lawns and shrubs, boarded windows, pest and rodent infestations, and evidence of squatters.
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