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Bank of America denies discriminating against foreclosed properties in minority neighborhoods

October 23, 2012 2:57:09 PM PDT
Bank of America is under fire for discriminating against people in African- American and Latino neighborhoods in Chicago, Milwaukee and Indianapolis.

The National Fair Housing Alliance announced Tuesday it has filed a complaint with the U.S. Department of Housing and Urban Development. It's part of an amended complaint that the NFHA and seven member agencies filed a few weeks ago.

They contend Bank of America has taken better care of foreclosed properties in white neighborhoods as opposed to those in minority neighborhoods.

"Overall, our findings with Bank of America continue to show that the neighborhoods and these homes have suffered from a disproportionate amount of negligence and maltreatment," said Shanna Smith, NFHA president and CEO.

Bank of America denies the allegations.

Bank officials tell ABC7 it stands behind its property maintenance and marketing practices. They also emphasize their commitment to stabilizing and revitalizing communities that have been impacted by the economic downturn.


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