IL HB4945

Establishes legislative findings that redlining policies in the 20th Century systematically denied mortgage opportunities to African-American communities in Illinois or charged higher interest rates

Identifies that the Blighted Areas Redevelopment Act of 1947 codified discriminatory housing practices by declaring large sections of African-American neighborhoods as blighted areas

Notes that neighborhoods declared blighted were condemned and demolished, displacing residents without providing affordable housing alternatives and converting the areas to industrial or highway use instead of residential redevelopment

Repeals the Blighted Areas Redevelopment Act of 1947 effective upon becoming law