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One's black, one's white, they each wanted to buy a home in this same neighborhood.
Situations like this are playing out all over the country. Rachelle had graduated from Northwestern and done a stint in the peace corps.
I'm in a part of West Philadelphia that's not far from the University of Pennsylvania.We're also going to show you how the Community Reinvestment Act, which was designed to help people of color, is producing some unintended results.Our reporters Aaron Glantz and Emmanuel Martinez, along with producer Katharine Mieszkowski have been traveling the country digging into this issue.That’s after controlling for a variety of factors, including applicants’ income, loan amount and neighborhood.No city better exemplifies the trend than Philadelphia, where so-called up-and-coming neighborhoods abound – and where African American applicants were nearly three times as likely as whites to be denied a home loan. Knight Foundation, the Heising-Simons Foundation and the Ethics and Excellence in Journalism Foundation.