Primary Source

Pittsburgh Newspaper Article “Bank Gives Boost to Black Areas”

Picture of the 1988 headline in the New Pittsburgh Courier “Bank Gives Boost to Black Areas"

Annotation

“Bank Gives Boost to Black Areas,” New Pittsburgh Courier, Pittsburgh, July 2, 1988.

In 1988, community activists in Pittsburgh negotiated a $109 million agreement with a local financial institution under the federal Community Reinvestment Act (CRA).  At the time, it was one of the largest CRA agreements in the United States.  These CRA agreements, negotiated with additional financial institutions in the city, set in motion new home mortgage lending products for African Americans and low-income neighborhoods in an attempt to reverse decades of redlining in urban neighborhoods.  

How to Cite This Source

"Pittsburgh Newspaper Article “Bank Gives Boost to Black Areas” ," in World History Commons, https://worldhistorycommons.org/pittsburgh-newspaper-article-bank-gives-boost-black-areas [accessed August 7, 2022]