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THURSDAY, APRIL 16, 1992
34 PAGES THIS WEEK
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Comparison of Loan Applications/ Approvals
for Whltss vs. Blacks In ths TWad
r 7! - - '
Figures are from the 1990 Home Mortgage Disclosure Act report at
the request of Federal Reserve Board and only include the metropoli
tan statistical area of Winston-Salem, Greensboro, and High Point
(1991 figures will be available in July 1992.)
?efWMto ? of Mack
% Approved % Approved
it* (71) 100% (4)
71% (04) - 00% (IS)
71% (SOS) 47% (44)
97% (00) 100% (0)
100% (BS) 100% (3)
. as% (io) 100% (i)
01% (040) 43% (01)
Blacks get fewer home loans
A New loan packages may decrease disparity
By SAMANTHA McKENZIE
Chronicle Staff Writer
Community Reinvestment Act (CRA) that
required banks and lending institutions to "meet
the needs of their local communities, including
Blacks in the Triad have received a small low andmodcrsiE income 7^eigt^b6rhoods.,, =
portion of the home mortgage loans and refinanc- "E ven though it was there, it was never
ing loans from local banks, while their white ? emphasized by the regulators," said Monica S.
counterparts applied and were approved at a McDaniel, NCNB's (NationsBank) regional man
? = ager of community investment for the Carolinas~
Guidelines under the CRA required banks to
much greater rate.
On average, blacks have received 13% of all
home mortgage loans and 21% of refinancing annually assess the needs of its community and
loans in the Winston*Salem, Greensboro and provide information on- and off-premises. The
High Point area, according to the 1990 Home CRA also called for state supervision over the
Mortgage Disclosure Act (HMDA) report. banks and an annual report.
Local bank officials admit that until recent Bert Wayne, senior vice president at
years, they did not actively seek to increase the Wachovia Bank of N.C. agreed with McDaniel
number of minority applicants, despite the 1977 that the emphasis from the federal regulators
"was just not there," until the government
requested a 1990 HMDA report. (The report was
the first of its kind and required lending institu
tions nationwide to report data by race, income
and location) ?
? ? "Unfortunately, no oncpJaccd any emphasis
on the act Then in 1990, we were sort of pushed
into complying," Wayne said. According to the
federal report, blacks were also twice as likelyto
be rejected for home mortgage tans than whites.
Community leaders say they will stay behind
banks to make sure they comply with the CRA.
"The crucial number is in the number of
applications," said Irvin Henderson, president of
the Community Reinvestment Association of
"How many blacks are actually applying?"
Please see page A6
? A public hearing will be held
on May 1 9, before request is
forwarded to HUD
By SAMANTHA McKENZIE
^Kmili. Jn etaM MW.Uni
The Housing Authority of Winston-Salem
announced that it will be applying for a $4.1 million
grant for public housing improvements from the Hous
ing and Urban Development (HUD).
The first draft of the Comprehensive Grant Pro
gram was introduced at its regular board of commis
sioners meeting on Tuesday evening for the 1992-93
budget year. The board voted unanimously to adopt a
resolution in support of the plan.
Executive director, Art S. Milligan Jr., said the
improvement plan was drafted after several meetings
with residents councils of the housing communities.
Please see page A7
For the children
Local boxer, Kent Hardee, signed autographs for children at the East Winston Public Library last
Thursday, April 9. Hardee was among several local boxera who spoke at the library at a "Meeting the
Champions of Today" program. '
the hot tub
? Charitable contributions
never received by charities
coincided with lavish renova
tions to businessman's home
By SHERIDAN HHX
III the on-going political corruption trial of two
elected officials and a political consultant, the prosecu
tion yesterday brought forth its most damaging testi
Internal Revenue Service special agent Dan Guer
rini testified that hfe performed a cash flow analysis
based on four years of banians records from political
consultant Rodney Suml^ffnen- Alderman Patrick
Hairston, and Alderman Larry Wombte. He found that
on several occasions, when Sumler received checks
designated for non-profit organizations, he cashed the
checks and then paid cash for extravagant improve
ments to his own home, including a whirlpool bathtub
with marble tile.
Tomorrow the prosecution concludes its political
corruption case against Sumler, Hairston, and Wombte*
Please see page A2 -
Fair discipline needed in school system
? Concerned parents and community leaders
want equality for all students
By SAMANTHA McKENZIE
Chronicle Staff Writer
Cries for fairness and justice rang
out loud at Atkins Middle School gym
nasium Thursday, when a small group of
parents and community leaders made
claims that black students system -wide
have received harsher punishments than
"Something is wrong," said the Rev.
William S. Fails, chairman of the educa
tion committee of the local NAACP.
"Parents are saying we want discipline to
be administered fair and just If the law
says that students carrying guns to
school should be expelled, then the dis
cipline has to weigh the same for every
body, whether the gun is loaded or not It
should be consistent throughout the
entire system/ he said.
N If there hat been an offense at
school, then disciplinary actions should
be the same from school to school.
Across the board/action should be the
same for the same incidents/ he added.
The minority affairs meeting was
the first held since the formal committer,
was abolished last month. Dr. Gcratt 49.
Hewitt, chair of the ad-hoc minority
Please see page A 8
East Ward holds forum for local candidates
? Forum viewed as important
to community awareness
By YVETTE N. FREEMAN
Community Newt Editor
Residents who may have been undecided about
which candidate to vote for in the upcoming May 5 pri
mary and the November election, recently had the
opportunity to bar Hie views of some of the candidates
first hand at the Best Choice Center.
The rc4i(fents of the East Ward held a candidate's
forum Thursday, April 9 at the center, with 11 candi
dates and 4 representatives of candidates in attendance.
Local and statewide candidates who were present
included the six African-American candidates for the
W&FC Board of Education ? Beaufort Bailey, Gene
Please see page A2
Audlanca mimbtri had an opportunity to hoar comments from tho six Afrtcan-Amorlcan school
board candldataa. From tsft to right ara: Bsaufort Ballsy, Qanava Brown, Hanry Jonaa, Waltar Mar
shall, David Thorn pklna, and Annatta WUaon.
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