Reinvestment Alert #8: CRA Boosts Multi-family Housing Loans in Chicago

Sidra Goldwater and Malcolm Bush

The Community Reinvestment Act has brought solid benefits to a critical part of the Chicago economy -- the multifamily housing market. Good quality rental housing is essential to the well-being of low- and moderate-income families in Chicago, and is a sign of neighborhood stability particularly in neighborhoods where a high percentage of the housing stock is multifamily.