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Research Reports Indepth analysis of persistent problems in the field of community development. Woodstock's research reports contribute to the body of knowledge used by policymakers and community development practitioners.
DocumentsDate added
Charlie Adams
This study finds that a number of basic financial
services are lacking in Pilsen. Only two institutions offer
checking accounts and only two provide ATM service. In a
community that is 88 percent Latino, only one institution distributes
literature in Spanish. The study also finds that a majority of
residents use currency exchanges for their primary financial needs.
Geoff Smith An analysis of 2007 foreclosure filings shows that 35 percent, or over 4,800 foreclosure filings, were on 2- to 6-units multifamily properties. Communities with the highest concentrations of foreclosures on 2- to 6-unit properties include West Garfield Park, East Garfield Park, Austin, Humboldt Park on the West Side and New City, Englewood, and West Englewood on the South Side.
Geoff Smith and Sarah Duda
This report examines the results of foreclosure auctions in the Chicago region held between 2005 and first half 2008 for regional municipalities, Chicago community areas and Chicago wards. The analysis provides the total number of properties going to auction, changes in the share of properties going to auction that become lender-owned, the auction values of these properties, and the property types of lender-owned properties in the City of Chicago.
Whitni Thomas and Jessica Brown, new economics foundation Malcolm Bush and Geoff Smith, Woodstock Institute This report seeks to reinvigorate the debate on bank disclosure in the UK and to create a better understanding of why it should be demanded of banks. This analysis is carried out through detailed case studies comparing Charter One Bank in Chicago in the US where banks have disclosed local lending practices since 1975- with its parent company Royal Bank of Scotland in Manchester to review the level of information available and the impact that this has. To do this we evaluate the available information on small-business lending, bank branch availability and basic bank account opening in underserved areas of Manchester. Our analysis indicates that data on these factors is generally difficult to obtain, inconsistent, and in many cases incomplete.
Daniel Immergluck
Uses new CRA data to analyze lending by 50 largest small business lenders in the Chicago area. Ranks lenders by their tendency to lend to lower-income areas and smaller firms in such areas. 
Government Interventions Have a Limited Impact on Chicago Area Foreclosure Activity in 2009
02/03/2010
Geoff Smith and Sarah Duda This report summarizes key foreclosure trends in the Chicago region for 2009 and updates Woodstock Institute reports and fact sheets released previously that illustrated key aspects of the foreclosure crisis, such as the spread of the crisis to suburban communities, the growing number of condominium foreclosures in Chicago, and the accumulated impact of the crisis on lower-income communities. The report includes detailed appendices with data for City of Chicago community areas and municipalities in the Chicago Six County Area, as well as DeKalb, Winnebago, and Kendall County.
This report uses public court files to document the loan terms, conditions, and litigation tactics of one of the largest payday lenders in Illinois. The findings are based on a sample of 444 debt collection cases filed against payday loan customers.
Hunting Down the Payday Loan Customer: The Debt Collection Practices of Two Payday Loan Companies
09/28/2006
Examines the court records of borrowers taken to court by two companies now offering payday installment loans. These loans, which were made before the Payday Loan Reform Act (PLRA), show the types of abuses and aggressive litigation borrowers can expect from these companies currently offering loans designed to circumvent the law.
This report examines financial products that take advantage of the economic vulnerability of older persons and highlights key features of some alternatives. It is based on extensive conversations with leading members of the policy and advocacy community, financialservices industry, and bank regulatory agencies. The report concludes with recommendations for both bank regulatory andfinancial institution policy to advance financial products that protect the economic security of older persons. 
Increasing the Stock of Affordable Housing: The Value of Different Strategies in a Growing Crisis
02/10/2004
Kimbra Neiman and Malcolm Bush
Evaluates a variety of strategies for tackling the shortage of affordable rental housing, particularly as these strategies would impact small "mom and pop" owners of rental housing. Looks at an "average" cash flow statement of a Chicago owner with a 24 unit building to illustrate the impacts. |
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