Chapter

The Tragic Failure of Orange Mound’s Homes
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27:57 - 37:00 (09:02)

Homeownership not only fails to deliver wealth but can bind people in declining neighborhoods. For Orange Mound, while the median home price is $30,000, home ownership remains out of reach for many of the neighborhood's working poor due to the neglect and punishment of black city neighborhoods.

Clips
This article explores how homeownership, once considered a reliable way to build wealth, often causes residents of black neighborhoods to become more deeply tied to declining communities, while being abandoned by federal policies and criminal justice systems.
27:57 - 32:09 (04:12)
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Racial Wealth Gap
Summary

This article explores how homeownership, once considered a reliable way to build wealth, often causes residents of black neighborhoods to become more deeply tied to declining communities, while being abandoned by federal policies and criminal justice systems.

Chapter
The Tragic Failure of Orange Mound’s Homes
Episode
The Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’
Podcast
The Daily
Wells Fargo has pledged to offer more than $425m in loans to residents of Memphis and Shelby County following accusations of discriminatory mortgage lending targeting predominantly black zip codes.
32:09 - 34:49 (02:40)
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Mortgage lending
Summary

Wells Fargo has pledged to offer more than $425m in loans to residents of Memphis and Shelby County following accusations of discriminatory mortgage lending targeting predominantly black zip codes.

Chapter
The Tragic Failure of Orange Mound’s Homes
Episode
The Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’
Podcast
The Daily
The story of a woman who, through hard work and determination, overcame obstacles to become a certified nursing assistant and home health aide while also remaining dedicated to her family and community.
34:49 - 37:00 (02:10)
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perseverance
Summary

The story of a woman who, through hard work and determination, overcame obstacles to become a certified nursing assistant and home health aide while also remaining dedicated to her family and community.

Chapter
The Tragic Failure of Orange Mound’s Homes
Episode
The Sunday Read: ‘How the Real Estate Boom Left Black Neighborhoods Behind’
Podcast
The Daily