New Deal Housing Not Exactly a Good Deal for Black Property Owners

 

“As in other corners of the country, the Miami Home Owners Loan Corporation (HOLC) was responsible for drafting “Security Maps,” which, through property appraisal, determined which communities represented safe investments for FHA financing and other types of lending. HOLC staffers gave every neighborhood in South Florida a letter grade and accompanying color: ‘A’ neighborhoods were coded green, ‘B’ neighborhoods blue, ‘C’ ¬†yellow, and ‘D’ red. Each grade of color reflected a range of factors …¬†Far from simply reflecting racial truths, government housing officials created them.”

Source: A World More Concrete: Real Estate and The Remaking of Jim Crow South Florida by N.D.B. Connolly The University of Chicago Press 2014 pages 94-99