Milliken registered his private report to brand new HOLC main workplace, in which staff authored a several-color Domestic Defense Chart so you can aesthetically depict the trend out of desirability he said to possess communities during the Hartford and two surrounding suburbs, Western Hartford and you may East Hartford. Eco-friendly, the best rating, noted an informed potential for financial financing, what Milliken called gorgeous locations of brand new and really-arranged household framework in which loan providers which have offered funds are prepared to make their restrict loans during the around 80 percent of your appraised property value (and so requiring just a 20% advance payment off people). Blue, the next-amounts height, represented entirely put up communities of good high quality, not the best, where loan providers provided mortgage loans in the just about seventy percent from the house value (or a 30 % advance payment). Red-colored, the next-values ranks, shown section from inside the transition due to obsolescent construction or perhaps the infiltration regarding a lowered degree people, and you can where mortgage lenders were much more conventional than just significantly more than. Although some lenders avoided the next- and fourth-grade components, Millken’s report was mindful to cease implying you to an excellent mortgage opportunities cannot be made there. Read More >