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.
This alert describes how the Financial Services Task Force of the
Chicago CRA Coalition, in partnership with Chicago area banks, is
expanding opportunities for lower-income consumers to establish deposit
accounts, improve their financial literacy, and develop assets.
Describes the reporting and disclosure requirements for non-profit
organizations entering into CRA agreements with financial institutions
as part of a series of CRA reforms passed as part of the
Gramm-Leach-Bliley Act.
Utilizing extensive data analysis, this alert shows how community
development banks have grown in size and financial strength while at
the same time serving their community development mission.
Shows that community development (CD) banks far outperform regular
banks in serving low-income and minority communities. Includes
extensive data analysis which describes the performance of banks in
Chicago. Demonstrates that a considerably higher percent of CD banks'
home loans go to lower-income neighborhoods and borrowers than is true
for all other lenders. The same pattern is repeated for loans to
minority neighborhoods and borrowers.
