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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, Principal Investigator
Sarah Duda and Tom Feltner, Co-Authors This report details the partnership process and lessons learned from a two-year technical assistance program designed to help community organizations partner with mainstream credit unions with the goal of enrolling new lower-income members or expanding an existing partnership. The case studies describing these partnerships identify four strategic areas through which partnerships can be strengthened and the common barriers to developing a successful partnership can be overcome. 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. 
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.
Tom Feltner and Malcolm Bush Summaries of the community reinvestment legislation in the United States, United Kingdom, Nigeria, Brazil, South Africa, India, Australia, and Canada.
Geoff Smith
An analysis of new federal mortgage lending data confirms that high cost subprime lending tends to be concentrated in minority communities and to African American and Hispanic borrowers. Reinvestment Alert 28 is based on new 2004 HMDA data which includes pricing information for subprime loans. 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. 
Reinvestment Alert 27 - Increase in Bank Branches Shortchanges Lower-Income and Minority Communities
02/08/2005
Geoff Smith
New evidence indicates the largest Chicago area banks have not expanded into lower income and minority markets, despite the substantial purchasing power and concentration of potential deposits available in these communities.
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
Woodstock Institute previously reported that the number of foreclosed properties reverting to bank ownership, or becoming Real Estate Owned (REO), in the Chicago region increased dramatically between 2005 and 2007.i These types of properties are of particular concern because they are likely to sit vacant until banks are able to transfer them to an owner who is able to put them back into productive use.
Tom Feltner
This report analyzes 2002 IRS tax return data to determine the impact of refund anticipation loan usage among EITC recipients in communities across Illinois. The report also calculates the total amount of EITC dollars spent on high cost tax preparation and refund anticipation loan products in these same areas. |
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