Group Accuses Fannie Mae of Racial Discrimination

Group Accuses Fannie Mae of Racial Discrimination

INDIANAPOLIS (WISH) — The Fair Housing Center of Central Indiana is one of 20 civil rights groups accusing the Federal National Mortgage Association, or Fannie Mae, of racial discrimination. The groups say Fannie Mae catered to primarily white neighborhoods, while neglecting neighborhoods with mostly minorities.

The National Fair Housing Alliance will lead an announcement in D.C. at 9:15 a.m. Wednesday, detailing what they call “illegal discrimination” in more than 60 cities, including Indianapolis. The civil rights groups say Fannie Mae ignored its foreclosed homes in African American and Latino neighborhoods, while consistently taking care of its homes in white neighborhoods.

According to the complaint, Fannie Mae did not market or maintain the homes in the minority neighborhoods — leaving property to deteriorate. Authorities have said run down homes hurt the neighborhoods and can lead to crime. The Fair Housing Alliance says this has been going on since at least 2009 and they’ve warned Fannie Mae about the problems before, but nothing has changed. At the announcement, the groups will release evidence they say they’ve gathered for the past five years.

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