New York Investigation Reveals Redlining in Buffalo

Following Governor Andrew Cuomo’s 2021 State of the State proposal to increase homeownership rates in communities that have been adversely impacted by redlining, the Governor today announced the findings of a new report by the New York State Department of Financial Services on redlining in the Buffalo metropolitan area. Buffalo remains one of the most racially segregated cities in the United States decades after the practice of redlining and other forms of housing discrimination were banned by law. DFS’ report found a distinct lack of lending by mortgage lenders, particularly non-depository lenders, continues today in Buffalo neighborhoods with majority-minority populations and to minority homebuyers in general.

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Source: The Office of Governor Andrew M. Cuomo