021: The Dark Side of Land Contracts and the Contract Buyer’s League

What happens when predatory lending makes it’s way into the note industry? Today we take a look at the the Contract Buyers League, an organization of homebuyers on the West and South sides of Chicago who banded together in 1968 to fight the predatory practices used to sell houses to African-Americans. Contract selling of massively marked-up housing drained the black community of as much as $500 million over 30 years.

You can learn more about the League at their blog here.

Articles featured:

Decades Later, Black Homebuyers Battle for Justice Back in the Spotlight

Market for Fixer-Uppers Traps Low-Income Buyers

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