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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
Marva Williams
This Alert is a call to action for community organizations and others
concerned about the impact of electronic funds transfer (EFT) on
low-income households. It provides a summary of regulations proposed by
the Treasury Department and recommendations on how they can be
improved. An analysis of electronic benefits transfer (EBT) in Illinois
demonstrates why currency exchanges should be prohibited from serving
as EFT access points. Daniel Immergluck
An analysis of the long-awaited small business loan data released by federal bank regulators shows lower-income census tracts in Chicago area receive fewer loans per business than upper-income areas. 
Reinvestment Alert #10: Currency Exchanges Add to Poverty Surcharge for Low-Income Residents
03/11/1997
Erin Mullen, Malcolm Bush and Samantha Weinstein
This study finds that minorities and lower-income people who use these
"fringe banks" pay higher prices for basic financial services. In
addition to demonstrating the high costs charged by CEs, this Alert
makes recommendations aimed at encouraging greater use of banks by
these CE users, at reducing excessive fees charged by CEs, and at
increasing consumer awareness of the relative costs of financial
services.
Jessica Brown and Sargon Nissan
The report includes ten case studies of community finance initiatives in the US and the EU. These highlight the different features of community finance organisations, their target group and their core activities in order to identify what aspects of their operation are integral to creating successful interventions in deprived communities. The objective of these case studies is to highlight particular aspects of their activities and operating environment that are instructive for CDF in the UK.
Woodstock Institute provided case studies of US CDFIs. 
Paying More for the American Dream: A Multi-State Analysis of Higher-Cost Home Purchase Lending
03/08/2007
Jim Campen, Saara Nafici, Adam Rust, Geoff Smith, Kevin Stein, and Barbara van Kerkhove This report demonstrates that African-American and Latino borrowers are paying more than their white counterparts for home purchase loans in six geographic areas: Boston, Charlotte, Chicago, Los Angeles, New York, and Rochester. This review of federal lending data shows dramatic disparities. For example, in New York, African-American borrowers were five times more likely to receive higher-cost home purchase loans than were white borrowers.
Paying More for the American Dream V: The Persistence and Evolution of the Dual Mortgage Market
04/27/2011
Paying More for the American Dream V examines changes in conventional refinance lending between 2008 and 2009 in seven metropolitan areas: Boston, Charlotte, Chicago, Cleveland, Los Angeles, New York City, and Rochester, NY. It also compares 2009 loan denial rates across neighborhoods. In all seven cities analyzed, lenders denied loan applications at significantly higher rates in communities of color than in predominantly white neighborhoods. The report concludes with policy recommendations to improve access to sustainable credit in communities of color. press release | briefing (mp3)
Paying More for the American Dream IV: The Decline of Prime Mortgage Lending in Communities of Color
05/12/2010
This report, released by a national coalition of research, policy and advocacy organizations, examined mortgage lending patterns of banks in seven metropolitan areas and found a dramatic decrease in prime home purchase and refinance loans to communities of color. The report includes appendices for each metropolitan area and policy recommendations.
This report analyzes 2007 Home Mortgage Disclosure Act data and finds that, in low- and moderate-income communities, depositories with CRA obligations originate a far smaller share of higher-cost loans than lenders not subject to CRA. It also finds that lenders covered by CRA are much less likely to make higher-cost loans in communities of color than lenders not covered by CRA. A joint report by: California Reinvestment Coalition, Community Reinvestment Association of North Carolina, Empire Justice Center, Massachusetts Affordable Housing Alliance, Neighborhood Economic Development Advocacy Project, Ohio Fair Lending Coalition, and Woodstock Institute 
Partners in Community Building: Mainstream and Community Development Financial Institutions
06/10/1997
Kathryn Tholin and Valjean McLenighan
Describes the benefits of collaboration between CDFIs and mainstream
financial institutions; regulatory and legislative opportunities for
building and strengthening such partnerships, and an analysis of the
types of relationships that have evolved in recent years. Detailed case
studies describe how creative partnerships have developed between a
variety of CDFIs and conventional lenders.
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