Housing in Brief: HUD Approves $100 Million Settlement in Redlining Complaint

The Department of Housing and Urban Development has approved a $100 million settlement between CIT/OneWest Bank and the California Reinvestment Coalition (CRC), reports The Hill. According to the CRC, the settlement comes after the nonprofit filed a fair housing complaint in 2017. The CRC claimed that One West had redlined Southern California communities by denying them access to home loans and refusing to offer banking services in majority-minority neighborhoods.

OneWest, which operates over 60 California branches, was established by Steven Mnuchin, Trump’s Secretary of the Treasury, and Joseph Otting, Comptroller of the Currency. The complaint was made for conduct that occurred while Mnuchin and Otting led the bank

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Housing in Brief: HUD Approves $100 Million Settlement in Redlining Complaint

And in other housing news this week, San Diego approves a policy requiring landlords to build more affordable housing and an Illinois report highlights housing instability as a source of recidivism.