History of HOLC
"The Home Owners Loan Corp. (HOLC) created in June 1933, introduced the long-term mortgage in practice today. HOLC systematized appraisal methods across the nation and initiated the practice of redlining."
"Between 1932 and 1964, FHA and VA (through the GI Bill) financed over $120 billion of new housing, and less than 2% of this real estate was available to nonwhite families, mostly in segregated areas."
"Through their appraisal and redlining practices, HOLC and FHA institutionalized exclusion and contributed to the fragmentation of communities."
"The usual manner of imposing a deed restriction is to insert an appropriate provision in the deed by which property is transferred. The restriction should be in record in the chain of title of each lot. Otherwise if a lot is sold to a purchaser who has no knowledge of the restriction, he will not be bound by it."
June 13, 1914
October 3, 1922
July 1, 1925
June 16, 1926
Redlining Maps and Neighbood Descriptions