On April 4, the National Fair Housing Alliance (NFHA) and four of its local member organizations announced the results of an undercover investigation into the ways the nation’s financial institutions are failing to maintain and market Real Estate Owned (REO) properties in African-American and Latino neighborhoods.

The investigation of REO properties in nine major U.S. cities found striking incidents of discrimination in the care and maintenance of properties, with foreclosed properties in White areas being much better maintained and marketed than those in neighborhoods of color. 

A report of the investigation, “The Banks Are Back, Our Neighborhoods Are Not: Discrimination in the Maintenance and Marketing of REO Properties,” was released on Wednesday, April 4.  It details the results of the evaluation of more than 1,000 REO properties located in and around Atlanta, GA; Baltimore, MD; Dallas, TX; Dayton, OH; Miami/Fort Lauderdale, FL; Oakland/Richmond/Concord, CA; Philadelphia, PA; Phoenix, AZ; and Washington, DC.

“This report offers evidence that banks responsible for peddling unsustainable loans to communities of color and triggering our current foreclosure crisis are continuing to damage those communities by failing to properly maintain and market the properties they own,” said Shanna L. Smith, President and CEO of the National Fair Housing Alliance.

“This is an investigation – not a study –- that will culminate in the filing of administrative complaints with HUD and/or lawsuits in federal district court,” continued Smith.  “The first complaint will be filed shortly.”

The National Fair Housing Alliance in Washington, D.C., and four of its member organizations – the Miami Valley Fair Housing Center in Dayton, OH; Housing Opportunities Project for Excellence in Miami, FL; Metro Fair Housing Services in Atlanta, GA; and North Texas Fair Housing Center in Dallas, TX – evaluated the maintenance and marketing of REO properties on a 100-point scale, subtracting points for broken windows and doors, water damage, overgrown lawns, no “for sale” sign, trash on the property, and other deficits.

The evaluations took into account 39 different aspects of the maintenance and marketing of each property.  Overall, REO properties in communities of color were 42 percent more likely to have more than 15 maintenance problems than properties in White neighborhoods.

Some trends the investigation revealed include:

• REO properties in communities of color were 82 percent more likely than REO properties in White communities to have broken or boarded windows;
• REO properties in White neighborhoods were 32 percent more likely to be marketed with the proper signage than African-American neighborhoods and 38 percent more likely than in Latino neighborhoods; and
• Newer homes generally scored higher than older homes, but racial and ethnic disparities persisted with non-structural factors such as curb appeal and signage.

“We hope that banks will heed the information in this report and take immediate action to correct the disparate treatment we have found,” continued Smith.  “The proper maintenance and marketing of REO properties is a key factor in the sale of homes to families rather than to investors.”  The report contains details specific to each city and gives extensive recommendations on how to fix these problems.

The Fair Housing Act makes it illegal to discriminate based on race, color, national origin, religion, sex, disability or familial status, as well as the race or national origin of residents of a neighborhood.  This law applies to housing and housing-related activities, which include the maintenance, appraisal, listing, marketing and selling of homes.

To read the full report, please go to www.nationalfairhousing.org.

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As Labor Day Weekend marked the unofficial end of summer, millions of participant and spectators celebrated in Brooklyn during the annual West Indian American Parade & Carnival. The Labor Day Carnival Parade is an outdoor festival that highlights the cultures of nations across the West Indies.

The 2011 West Indian American Parade & Carnival took place on September 5 and showcased a day packed with music, dance, and international cuisine The show stopping performances during this year’s 43^rd annual parade was one of the biggest ever seen in Brooklyn. The parade route ran along busy Eastern Parkway.

With a combination of many Caribbean cultures coming together for the parade, this yearly festivity is one of the largest cultural events in all of New York City. The celebrations began in Brooklyn a few days prior to the main parade that took place on Labor Day. Countries including Jamaica, Trinidad and Barbados were represented, along with a variety of other Caribbean nations.

The original West Indian American Parade & Carnival started in Harlem in the 1940’s, but was then moved to its current home in Brooklyn in the 1960’s. Remaining on the same route, Eastern Parkway annually lights up with the sights and sounds of the Caribbean.

The parade gets its foundation from the traditions of carnivals throughout the Caribbean, where bright costumes and days of exciting music fill up the streets in preparation for Lent. Although this custom has been redirected towards the time around Labor Day, the beauty of these cultures are still a yearly tradition in Brooklyn.

The parade’s signature theme is to bring out the unique cultural traditions of each country through ornately colorful floats that make their way down Eastern Parkway. Thousands of participants dressed up in vibrant costumes and danced atop the decorated floats. The colors of the rainbow were displayed on Caribbean influenced designs, and often included large headpieces flanked with feathers.

Months of preparation go into the designs of the f loats and costumes to make the West Indian American Parade & Carnival one of the most detailed and radiant festival throughout New York City. Along with the sights of the parade were the distinct sounds of the festival. Caribbean music was played throughout the duration of the parade.

Everything from Jamaican reggae to Trinidadian calypso could be heard along Eastern Parkway. One of the highlights of the parade was the abundance of steel drums. Many groups skillfully playing the steel drums performed and competed for the title of the best steel drum band of the year.

The energetic music from guitars, drums, congas, and other instruments got the massive crowds dancing their way through the parade. The tastes of Caribbean cuisine were also a main event during the parade. As is true for many cultures around the world, food is one of the main examples of how uniquely different these countries can be.

Local cooks and chefs came together to serve plates of delicious food from their home countries. Vendors lined the street selling dishes of oxtail, jerk chicken, coconut bread and fried plantains, among many other choices. The array of cultural cuisine was astounding and was a great display of the local food in the Caribbean.

Over three million people enjoyed this year’s West Indian American Parade & Carnival. A large population of New York City inhabitants comes from Caribbean nations. The parade was bursting at the seams with excitement and pride in their distinct cultures.

The annual parade brought participants and onlookers dressed in costumes and with painted faces to Eastern Parkway, and enjoyed a weekend long celebration of the Caribbean.

The article The West Indian American Parade Marches Through Brooklyn appeared first on The Toonari Post - News, Powered by the People!.