• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

1

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
PoliticsHousing

New reparations focus: Black enclaves lost to development

By
Philip Marcelo
Philip Marcelo
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Philip Marcelo
Philip Marcelo
and
The Associated Press
The Associated Press
Down Arrow Button Icon
May 7, 2022, 1:15 PM ET
Ray "Two Hawks" Watson
Ray "Two Hawks" Watson, of Providence, R.I., stands for a portrait on April 24 in front of a home once owned by his grandmother where he lived from birth until the age of 12, in Providence. Watson is a member of Providence's recently formed reparations commission whose family has long lived in the Lippitt Hill area.Steven Senne—AP Photo
Add Fortune on Google for similar content.

Terrell Osborne knows well what happens when urban renewal comes to communities of color.

As a child growing up in Providence, Rhode Island, in the 1950s and 1960s, huge swaths of his neighborhood of Lippitt Hill, a center of Black life at the foot of the stately homes of the city’s elite East Side, were taken by eminent domain for redevelopment projects.

Hundreds of Black families and dozens of minority small businesses across some 30 acres were bulldozed. In their place rose an apartment complex catering to downtown workers and students and faculty at nearby Brown University, as well as a shopping plaza now anchored by a Whole Foods and a Starbucks.

Meanwhile, Black families like the Osbornes were scattered across the city and never compensated.

“We had stores. People owned things. Money was circulating around,” said Osborne, who now lives on Providence’s South Side. “There was a whole community there, and they just took that neighborhood and we never got anything for it. Not even as much as a thank you.”

As Providence gears up to provide reparations to Black residents for centuries of injustices, city officials are looking beyond the city’s leading role in the Colonial transatlantic slave trade.

They’re looking to atone, at least initially, for what happened during urban renewal efforts of the late 20th century, a period that saw Black and Native American communities such as Lippitt Hill razed to make way for new residential and business developments that paved the way for the city’s modern economy, anchored around its universities and hospitals.

The approach builds off the blueprint in Evanston, a Chicago suburb that became the first in the nation to begin paying reparations last year with a program providing Black residents grants for mortgage payments and home repairs, in acknowledgement of the historic discrimination Black people endured when trying to buy homes.

By making progress on such modern day wrongs, communities can hopefully start to overcome longstanding resistance to reparations, says Justin Hansford, a professor at Howard University’s law school who spearheads the African American Redress Network, which tracks reparations efforts nationwide.

Local cities and towns, college and even states are increasingly taking up reparations as efforts at the federal level have gone nowhere. Harvard University announced last week it’ll spend $100 million to atone for its slave ties while California is pioneering a statewide task force on reparations.

“We know its a losing conversation to talk about slavery in the 1600s,” said Raymond “Two Hawks” Watson, a member of Providence’s recently formed reparations commission whose family has long lived in the Lippitt Hill area. “But we also know we don’t have to go that far back. We know what happened with urban renewal and we can see what’s happening with gentrification. We’re able to show this is just a continuation of what’s been going on for centuries.”

Providence’s efforts also notably look to use some $15 million in federal COVID-19 funds to jump-start reparations work, something other city leaders have pursued recently.

In Athens, Georgia, Mayor Kelly Girtz says his proposed budget calls for using pandemic relief money to establish a housing fund for Black residents akin to Evanston’s. Athens, like Providence, seeks to atone for the razing of the Black neighborhood of Linnentown to make way for University of Georgia dormitories and parking lots in the 1960s.

In Providence, centuries of discrimination have left communities of color far poorer than white enclaves: Median household income on the affluent, largely white East Side is nearly $180,000 a year, compared to nearly $19,000 in the city’s predominantly Black and Latino South Side.

On Lippitt Hill, families weren’t compensated but instead offered priority in claiming a unit in the new residential development, which became known as University Heights, says Osborne. But the modern apartments were financially out of reach for most.

Cheryl Taylor, whose family was forced to move and shutter their repair business on Lippitt Hill to make way for another development, hopes the reparations process can help Black residents purchase their own homes. The few like her who remain living nearby are renters in an increasingly unaffordable part of town.

“They’re all white. I don’t know these people,” Taylor says of the neighborhood’s newer residents.

Looking back, Osborne wonders if the destruction of his old neighborhood was an effort to dilute the growing power of the city’s Black community.

Osborne’s family was among a number of working class but upwardly mobile Black households on the hillside that separates the East Side from downtown.

His grandfather, Clarence “Legs” Osborne, was a trumpeter who played with Count Basie, Duke Ellington and other famous Black musical acts. His uncle, Jeffrey Osborne, went on to become a Grammy-nominated R&B singer with a string of hits in the 1980s, including “On the Wings of Love.”

Osborne, who heads a Providence organization that provides musical opportunities to youths, says he’d like to see the city establish a college scholarship fund or programs to help Black residents build equity, rather than making direct payouts to impacted families like his.

“The question with reparations is always where do you start. Why not start with something that’s tangible?” he said. “We’re here. We’re not buried in the past, and we know something should have happened then. Maybe now is the time.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Authors
By Philip Marcelo
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
7 hours ago
k
PoliticsElections
Coming to an election near you: prediction markets
By Matt Motta, Robert Ralston and The ConversationJune 23, 2026
8 hours ago
Doctor giving patient injection in volunteer clinic
HealthHealth
For the first time ever, no young women in England died of cervical cancer. In the U.S., RFK Jr.’s vaccine skepticism stalls HPV progress
By Catherina GioinoJune 23, 2026
9 hours ago
ks
PoliticsUnited Kingdom
10 years of Brexit means 7 Prime Ministers and a broken British politics
By Jill Lawless and The Associated PressJune 23, 2026
11 hours ago
burnham
PoliticsUnited Kingdom
Britain poised for ‘Manchesterism’ under presumptive next Prime Minister Andy Burnham
By Jill Lawless and The Associated PressJune 23, 2026
11 hours ago
Polymarket CEO Shayne Coplan
CryptoCryptocurrency
Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney
By Camila Grigera NaónJune 23, 2026
11 hours ago

Most Popular

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
16 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
14 hours ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Current price of oil as of June 22, 2026
Personal Finance
Current price of oil as of June 22, 2026
By Joseph HostetlerJune 22, 2026
2 days ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
1 day ago
By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’
Success
By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’
By Preston ForeJune 22, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.