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NAACP Speaks Out on Housing Discrimination

THE TALLAHASSEE BRANCH OF
³[tme:lp] THE N-AA-CP IS CALLING ON
³[tme:c1t1ots ss=9696] LOCAL GOVERNMENTS TO HELP
³[tme:vt9sot-cg] STOP DISCRIMINATION IN THE
³[tme:d-c3t1] CAPITAL CITY.
³ THE ASSOCIATION SAYS
³ AFRICAN AMERICANS ARE BEING
³ DENIED LOANS FROM LOCAL
³ BANKS BASED ON RACE.
³ THE GROUP WANTS THE CITY
³ AND COUNTY TO
³ INVESTIGATE...AND IF
³ NECESSARY...WITHDRAW.
³ <>
³ <>
³[CG:301\Tallahassee] LED BY TALLAHASSEE'S
³[CG:302\Terence Hinson NAACP PRESIDENT CHARLES
³\Capital City Chamber of Commerce] EVANS...A GROUP RANGING FROM
³[CG:302\Dr. Charles Evans REAL ESTATE AGENTS TO
³\President, Tallahassee NAACP] BUSINESS LEADERS
³ CLAIMED THERE IS A DISTURBING TREND IN THE
³ CAPITAL CITY.The Tallahassee branch of the NAACP is calling on local governments to help stop discrimination in the capital city. The association says African Americans are being denied loans from local banks based on race. The group wants the city and county to investigate, and if necessary, withdraw.

Led by Tallahassee’s NAACP president Charles Evans, a group ranging from real estate agents to business leaders claimed there is a disturbing trend in the capital city.

“African Americans are being denied loan approval when it comes to purchasing homes,” says Terence Hinson.

According to home mortgage disclosure act data, denial rates for African Americans continue to be over twice the denial rates for whites in all income categories.

In Tallahassee, Wachovia and bank of America were pinpointed as the two financial institutions with the most denials of blacks. In 2001, 45% of African Americans were denied loans from bank of America, compared to 16% of white applicants.

Dr. Evans has spoken with Leon county commissioner Bill Proctor and city commissioner Andrew Gillum. They were unavailable for comment. However, Evans says the two are supportive of a partnership between the local governments and the NAACP. As for bank of America, a Tampa spokesperson says conventional home purchase loans to minorities continue to increase, saying nationally, more than one in four went to minorities in 2001.

A Wachovia spokesperson has not yet commented.

³ <> african
³ americans are being denied
³ loan approval when it comes
³ to purchasing homes.
³ ACCORDING TO HOME
³ MORTGAGE DISCLOSURE ACT
³ DATA...DENIAL RATES FOR
³ AFRICAN AMERICANS CONTINUE
³ TO BE OVER TWICE THE DENIAL
³ RATES FOR WHITES IN ALL
³ INCOME CATEGORIES.
³ IN TALLAHASSEE, WACHOVIA
³ AND BANK OF AMERICA WERE
³ PINPOINTED AS THE TWO
³ FINANCIAL INSTITUTIONS WITH
³ THE MOST DENIALS OF BLACKS.
³ IN 2001, 45% OF AFRICAN
³ AMERICANS WERE DENIED LOANS
FROM BANK OF AMERICA.
³ COMPARED TO 16% OF WHITE
³ APPLICANTS.
³ <>
³ <>
³ <>
³ <>
³ DR. EVANS HAS SPOKEN WITH
³ LEON COUNTY COMMISSIONER
³ BILL PROCTOR AND CITY
³ COMMISSIONER ANDREW GILLUM.
³ THEY WERE UNAVAILABLE FOR
³ COMMENT...HOWEVER, EVANS
³ SAYS THE TWO ARE SUPPORTIVE
³ OF A PARTNERSHIP BETWEEN THE
³ LOCAL GOVERNMENTS AND THE
³ NAACP.
³ AS FOR BANK OF AMERICA...A
³ TAMPA SPOKESPERSON SAYS
³ CONVENTIONAL HOME PURCHASE
LOANS TO MINORITIES CONTINUE
³ TO INCREASE...
³ SAYING NATIONALLY, MORE
³ THAN ONE IN FOUR WENT TO
³ MINORITIES IN 2001.
³ A WACHOVIA SPOKESPERSON
³ HAS NOT YET COMMENTED.


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