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Fair Housing Report Cites Lenders

The Fair Housing Center of Central Indiana says several banks are failing to maintain about 100 foreclosed properties in African-American and Latino neighborhoods across Indianapolis. 

Executive Director Amy Nelson says the discovery follows their investigation of abandoned houses mainly on the east side of the city, specifically the east sides of North and South Meridian Streets.  Nelson says their findings are pretty much in line with conclusions made by the National Fair Housing Alliance's survey of foreclosed properties in 30 cities across the nation. 

Nelson says the four Indy lenders in question include: Wells Fargo, U.S. Bank, Bank of America and Safeguard which services Fannie Mae.  She says they found "significance statistical differences" between the ways properties were maintained in neighborhoods of color compared to predominantly-white neighborhoods. 

Nelson says the goal is to get the banks to maintain properties and market them so neighborhoods don't suffer.  She says they would also like to see lenders change their process so that current owner-occupants have a better shot than outsiders with all-cash offers at buying or securing the properties.  

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