Indepth analysis of persistant problems in the field of community development. Woodstock's research reports contribute to the body of knowledge used by policymakers and community development practitioners.
Finds that lending for home purchases throughout
the Chicago area has increased dramatically in recent years, with loan
volume up by 50 percent from 1990 to 1994. Loans to low- and
moderate-income individuals increased at even higher rates than overall
loans, increasingby 85 percent over the same period.
The most recently available home mortgage data for
the Chicago region show that refinancing loans were not uniformly
accessible to all residents. As a result, many borrowers,
particularly African-Americans, have not benefited from the refinancing
boom of the 1990's.
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.
Lending test under the proposed 1994 CRA rules
show that some large Chicago area mortgage companies have poor lending
records in low- and moderate-income neighborhoods.
Describes how different parts of the Chicago area fared in different industrial sectors from 1991-1996, and determines whether job sprawl has slowed in the 1990s compared to the 1980s. Examines municipal-level employment changes within the region to identify relationships between suburban income and racial demographics and changes in employment levels. The report also lays out key policy implications, focusing on state and federal government.
