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Modern-day redlining persists, and it’s costing lenders millions in legalfees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. From 2020 to 2030, the Urban Institute projects 8.5
Multifamily (5+ Units): Larger apartment complexes that, for lending and investment, are categorized as commercial. Purpose: While residential real estate is designed primarily for housing, CRE is about tenant businesses or organizations that pay rent (or other fees) to operate in the space.
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