Reinvestment Alert #9: Home Lending Surges in Modest-Income Neighborhoods

Anna Maria Ortiz and Daniel Immergluck

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.