Negative equity is disproportionately concentrated in the Chicago region’s African American, Latino, and majority minority neighborhoods, a new report from Woodstock Institute found.
Since 1984, the Woodstock Institute and other Chicago-area organizations have been making community reinvestment agreements with banks. The purpose of these agreements is to set goals for bank lending, investments, and services to lower-income communities and individuals and to establish mechanisms to track bank progress toward these goals.
Struggling to Stay Afloat: Negative Equity in Communities of Color in the Chicago Six County Region
