Book Discussion on Family Properties

Beryl Satter talked about her book Family Properties: Race, Real Estate, and the Exploitation of Black Urban America (Metropolitan Books;… read more

Beryl Satter talked about her book Family Properties: Race, Real Estate, and the Exploitation of Black Urban America (Metropolitan Books; March 17, 2009). Professor Satter, chair of the history department at Rutgers University-Newark, recounted the story of rapid urban change in segregated, post-WWII Chicago. She profiled the city’s African-American population and a “dual housing market” that was fueled by discriminatory banking practices and policies of the Federal Housing Authority (FHA). Ms. Satter described the process known as “contract selling,” where landlords would sell African Americans overpriced homes and retain the titles while charging exorbitant interest rates. Upon missing a single payment, the buyer would be evicted and the process would start anew with another family. Ms. Satter talked about the work of her late father, Chicago attorney Mark J. Satter, to fight this exploitation and the extent to which the decline of black neighborhoods into slums was caused by a widespread scheme of discrimination, greed, and the racially biased credit policies of the nation’s banking industry rather than the absence of African-American resources. She responded to questions from members of the audience.

This event was hosted at 6:00 p.m. CT on Tuesday, March 24, 2009, by the Newberry Library in Chicago. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Beryl E. Satter Associate Professor Rutgers University, Newark->Federated Dept. of History

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Book Discussion on Family Properties

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Program ID:
287620-1
Category:
Public Affairs Event
Format:
Speech
Location:
Chicago, Illinois, United States
First Aired:
Jul 26, 2009

Airing Details

  • Jul 26, 2009 | 6:30am EDT | C-SPAN 2
  • Jul 26, 2009 | 3:00pm EDT | C-SPAN 2
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