Black-owned banks broke the segregationist lending embargo in Mozley Park

Evidence

In an effort to stall racial change in the neighborhood, the Mozley Park Home Owners’ Protective Association persuaded at least one white institution against loaning money to blacks in the area. To the astonishment of whites, however, Auburn Avenue quickly filled the void. In late 1951 Citizens Trust Company began working with two black insurance companies to provide mortgage money for black buyers in the area. “Some of these loans,” Robert Thompson later noted, “made possible the ‘breaking’ of the Mozley Park bottleneck.” — Kevin M. Kruse, White Flight, 162

Categorization

• XREF: connects to: Black homeownership actually raised property values in Mozley Park — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 179; Black taxpayers funded an FHA that denied them loans while building white wealth

Broader Connections

• Black taxpayers funded an FHA that denied them loans while building white wealth #complicates (0.75)