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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
Malcolm Bush, Sharyl Hudson, and Katy Jacob
This analysis concludes that current programs reach a small fraction of the population of lower income people. While the variety of training programs currently offered could be improved in a number of ways, the greater challenge is to figure out how to reach significantly more people with more substantive training. 
There Goes the Neighborhood: The Effect of Single-Family Mortgage Foreclosures on Property Values
06/14/2005
Daniel Immergluck and Geoff Smith
This report shows that foreclosures have a significant negative effect on neighborhood property values. Although foreclosures have long been considered a problem associated with FHA loan programs, recent research has shown that the explosion in foreclosures that began in the 1990s was primarily driven by the growth of high-risk, conventional subprime lending. Dan Immergluck, Grand Valley State University Examines the impact of foreclosures of single-family mortgages – both conventional and government guaranteed – on levels of violent and property crime at the neighborhood level. Sarah Duda and Tom Feltner Analysis of Circuit Court of Cook County filings by one large payday lending showing the shift from short-term loans, cover by Payday Loan Reform Act consumer protections, to longer-term installment loans not covered by the act. The report also looks at the debt collection process.
Marva Williams and Kimbra Neiman
Demonstrates that banks with a commitment to reach unbanked or under-banked households can do so effectively and efficiently. The report profiles programs and services at Banco Popular de Puerto Rico, Union Bank of California, First Bank of the Americas in Chicago, First Interstate Bank in Montana and Wyoming, and Wells Fargo Bank Wisconsin. These banks provide affordable checking or lifeline accounts, innovative financial literacy programs, and creative outreach and marketing strategies.
Geoff Smith and Sarah Duda
This report summarizes key
foreclosure trends in the Chicago region for 2008
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 potential impact of the foreclosures
on Chicago’s
affordable rental housing market, and the growing number of foreclosures that
were becoming bank-owned properties and likely
sitting vacant. The report includes detailed appendices with data
for City of Chicago community areas
and municipalities in the Chicago Six County Area.
Daniel Immergluck and Samantha Weinstein
Profiles model small business lending programs around the country that
target modest-income communities. Examples include bank-community
partnerships, specialized bank units, multibank efforts,
government-administered programs, and CDFIs. The report also offers
lessons for effectively reaching underserved markets.
Small Business Lending for Economic Development Volume I: Strategic Responses for Urban Communities
10/10/1995
Daniel Immergluck and Malcolm Bush
Explains the importance of small business development to modest-income
urban neighborhoods, including discussions of access-to-credit problems
and the role of CRA and economic development finance in these markets.
Provides a framework for developing strategies for addressing small
business financing needs in targeted markets.
Roadblock to Recovery: Examining the disparate impact of vacant lender-owned properties in Chicago
09/29/2009
Geoff Smith and Sarah Duda This report analyzed Chicago region foreclosure auction and property transfer data and found that vacant, lender-owned properties are heavily concentrated in African American communities, go unsold longer, and incur greater losses to the lender than similar properties in predominantly white communities. Dan Immergluck and Geoff Smith
Illustrates the quantitative relationship between the level of subprime lending in a neighborhood and foreclosure levels in a subsequent period, while controlling for changes in economic and demographic characteristics that might also effect foreclosure rates. |
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