Bank of America accused of neglecting foreclosed homes in minority neighborhoods

October 23, 2012
Fair housing advocates accuse one of the nation’s largest banks of discriminating against black and Latino neighborhoods in how it maintains and markets foreclosed homes.
     A coalition of fair housing agencies, including the Fair Housing Center of Central Indiana, made the allegations Tuesday in a complaint with the U.S. Department of Housing and Urban Development.
     The coalition said it evaluated homes owned, serviced or held in trust by Bank of America in three Midwestern cities, including Indianapolis. The group said it found significant disparities in how houses in predominately non-white neighborhoods were maintained and marketed compared with houses in mostly white neighborhoods.