homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

February 16, 2018

Probe finds loophole in bank law helps spur gentrification

By AARON GLANTZ and EMMANUEL MARTINEZ
Reveal

PHILADELPHIA — Jonathan Jacobs had almost no savings, a modest income and a credit report marred by a disputed cellphone bill. But he easily bought a newly renovated row house in Point Breeze, a South Philadelphia neighborhood that's historically African American.

“It took about 15 minutes” to fill out the paperwork, the career counselor said. “Now I pay less to own a house than I did to rent an apartment. That's the American dream.”


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.