Community Development Working Papers
Working papers provide in-depth analysis of emerging community development issues from practitioners and scholars.
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The Portfolios and Wealth of Low-Income Homeowners and Renters: Findings from an Evaluation of Self-Help Ventures Fund’s Community Advantage Program
Michael A. Stegman, Allison Freeman, and Jong-Gyu Paik, Center for Community Capitalism, University of North Carolina at Chapel Hill
The distribution of wealth in the United States is more highly skewed than the distribution of income. Nowhere is this clearer than in the case of homeowners and renters.
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Creating a Marketplace: Information Exchange and the Secondary Market for Community Development Loans
Laura Choi, Federal Reserve Bank of San Francisco
There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits the ability of community development lenders to tap into the virtually endless capital resources of the secondary market, thereby limiting the valuable services these organizations provide to underserved communities.
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Homeownership at High Cost: Foreclosure Risk and High Cost Loans in California
Laura Lanzerotti, Federal Reserve Bank of San Francisco
The relatively low rate of mortgage default and foreclosure in California in recent years obscures the fact that many Californians have high-cost home loans that they cannot afford. High cost loans are particularly common in low-income and minority communities, suggesting that those who can least afford it are paying the most for credit.