Tag Archives: Bank of America

Bank accused of fostering urban blight – Toledo Blade

Bank of America is accused of failing to maintain foreclosed homes it owns in minority neighborhoods in Toledo, a charge the bank denies, saying it markets its properties regardless of location.

 

 

 

 

 

Bank of America is accused of failing to maintain foreclosed homes it owns in minority neighborhoods in Toledo, a charge the bank denies, saying it markets its properties regardless of location.
ASSOCIATED PRESS

The NFHA first filed a complaint against Bank of America in September, 2012, alleging the Charlotte bank had neglected homes in many working-class minority neighborhoods nationwide, violating the Fair Housing Act.

With Thursday’s announcement, the complaint now includes 20 metro areas.

In Toledo, fair housing officials visited 22 properties they said were owned by Bank of America. Eight were in predominantly black neighborhoods. Fourteen were in predominantly white neighborhoods.

NFHA said the properties in the predominantly black neighborhoods were four and a half times more likely to have substantial trash on the lot. The organization said two of the eight properties had unsecured, broken, or boarded doors. None of the 14 properties in a white neighborhood had that problem, officials said.

via Bank accused of fostering urban blight – Toledo Blade.