“The truth is that mortgage and tax foreclosures have caused most of the city’s blight over the last 15 years.”
by Dianne Feeley
Article Reprint
Detroit – where 85% of the working class once owned homes – has been suffering a waterless hurricane. Predatory mortgage practices that disproportionately targeted African-American homeowners and inflated mortgages resulted in foreclosure on 25% of all residential buildings in the city between 2005 and 2011. Vacancy escalated and blight blossomed.