| Title: |
Community
Reinvestment and Cities: A Literature Review of CRA's Impact and Future |
| Author(s): |
Susan White Haag |
| Organization: |
Brookings Institution
Center on Urban and Metropolitan Policy
March 2000 |
| Methodology: |
The author extensively examines
extant research on the impact of the CRA on low- and moderate-income
communities and individuals. The review is grouped into five sections:
Lending Patterns in Central Cities, Effects of CRA Regulatory Reform,
CRA Commitments, Impact of Bank Mergers and Acquisitions on Lending,
and The Future of Federal Community Reinvestment Policies. |
| Primary conclusions: |
Home mortgage lending
to low- and moderate-income and minority households and neighborhoods
during the 1990s increased at rates exceeding the increases for other
populations and geographies, due in part to the influence of the CRA. |
| CRA has helped spawn a community
development industry infrastructure, consisting of collaborations
between financial institutions, regulatory agencies, secondary market
organizations, and inner-city communities. These collaborations have
resulted in the creation of financial vehicles for community reinvestment,
and have brought CRA activities into the financial mainstream. |
| Changes in the marketplace threaten
the future efficacy of the CRA. |
| URL: |
http://www.brook.edu/dybdocroot/es/urban/haag1.pdf |
| Bibliography: |
Yes |
| Number of pages: |
142 (including extensive bibliography) |
