Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
Shameful: Norfolk, VA Using Federal Tax Breaks To Destroy Black Neighborhoods
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September 23, 2020
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10:49Now PlayingThe city of Norfolk in Virginia are using federal tax breaks to destroy historically Black neighborhoods.
Officials in Norfolk made plans to demolish St. Paul's public housing and replace it with new developments in the mid-1990s. But the funds were not available. The opportunity zones program changed that and provided the funds.
Norfolk is one of three cities in the country to receive a grant from the Department of Housing and Urban Development. The grant will accelerate the replacement of public housing.
Norfolk hopes to leverage its $30 million haul into $150 million, including opportunity zone-eligible money. There are promises that departing residents would be taken care of, but history has shown that's not always the case.
Caleb Newby, an investigative reporter for Bloomberg News spoke with Roland Martin about the insidious plan to use tax breaks to decimate African American neighborhoods.
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