| Title: |
From
Confrontation to Collaboration? Banks, Community Groups, and the Implementation
of Community Reinvestment Agreements |
| Author(s): |
Alex Schwartz |
| Publication: |
Housing Policy Debate,
Volume 9, Issue 3 (1998) |
| Organization: |
Fannie Mae Foundation |
| Methodology: |
The author examines the effectiveness
of CRA agreements in Chicago, Cleveland, Pittsburgh, and New Jersey.
After describing the agreements and the procedures by which they are
enforced, the article looks at their impact and discusses several
factors that could limit implementation of CRA agreements in the future. |
| Primary conclusions:
|
CRA agreements are
more effective in some areas than in others. |
| CRA agreements are most consistently
successful in meeting goals for mortgages, investments in low-income
housing tax credits, grant giving to community-based organizations,
and in opening inner-city branches. |
| The future of CRA agreements is
uncertain due to several factors, most notably the restructuring and
consolidation of the financial service sector. |
| URL: |
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0903_schwartz.pdf |
| Bibliography: |
Yes |
| Number of pages: |
32 |
