Indianapolis neighborhoods of color will receive $1.42m in - TopicsExpress

Indianapolis neighborhoods of color will receive $1.42m in community relief from a national fair housing settlement announced today. This settlement is the first of its kind and the result of work by the Fair Housing Center of Central Indiana and its partners in a filed fair housing complaint which alleged that Wells Fargo’s REO (Real Estate Owned or foreclosed) properties in white areas were much better maintained and marketed by Wells Fargo than REO properties in Indianapolis African-American and Latino neighborhoods. With these funds, the FHCCI will provide a range of grants for items such as down payment assistance to owner-occupants seeking to purchase homes in targeted neighborhoods and renovation efforts for homes that languished in foreclosure, including creative programs to increase homeownership and neighborhood stabilization. Read more at: fhcci.org/news-and-cases/

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