Metro Fair Housing Services Inc. of Atlanta is joining a national organization in issuing a complaint alleging Bank of America Corp. contributed to continuing racial segregation in communities in metro Atlanta and elsewhere.
Metro Fair Housing Services, in partnership with the National Fair Housing Alliance, announced Tuesday it filed a complaint against Bank of America (NYSE: BAC) because of its alleged failure to maintain and market distressed properties it owns in minority neighborhoods in Atlanta; Dayton, Ohio; Dallas; Grand Rapids, Mich.; Miami/Fort Lauderdale; Oakland/Richmond/Concord, Calif.; Phoenix; and Washington, D.C.
The national organization has previously launched investigations against U.S. Bancorp and Wells Fargo & Co. (NYSE: WFC), but the investigation against Bank of America is the largest yet, said Shanna Smith, president and CEO of the National Fair Housing Alliance.
Bank of America issued a statement in response Tuesday, saying: “While we share NFHA’s concern about neighborhoods, we strongly deny their allegations and stand behind our property maintenance and marketing practices…
Read more: Atlanta Business Chronicle