Financing Low Income CommunitiesJulia Sass Rubin Russell Sage Foundation, 15/11/2007 - 344 páginas Access to capital and financial services is crucial for healthy communities. However, many impoverished individuals and neighborhoods are routinely ignored by mainstream financial institutions. This neglect led to the creation of community development financial institutions (CDFIs), which provide low-income communities with financial services and act as a conduit to conventional financial organizations and capital markets. Edited by Julia Sass Rubin, Financing Low-Income Communities brings together leading experts in the field to assess what we know about the challenges of bringing financial services and capital to poor communities, map out future lines of research, and propose policy reforms to make these efforts more effective. The contributors to Financing Low-Income Communities distill research on key topics related to community development finance. Daniel Schneider and Peter Tufano examine the obstacles that make saving and asset accumulation difficult for low-income households—such as the fact that tens of millions of low-income and minority adults don't have a bank account—and consider solutions, like making it easier for low-wage workers to enroll in 401(K) plans. Jeanne Hogarth, Jane Kolodinksy, and Marianne Hilgert review evidence showing that community-based financial education programs can be effective in changing families' saving and budgeting patterns. Lisa Servon proposes strategies for addressing the challenges facing the microenterprise field in the United States. Julia Sass Rubin discusses ways community loan and venture capital funds have adapted in response to the decreased availability of funding, and considers potential sources of new capital, such as state governments and public pension funds. Marva Williams explores the evolution and recent performance of community development banks and credit unions. Kathleen Engel and Patricia McCoy document the proliferation of predatory lenders, who market loans at onerous interest rates to financially vulnerable families and the devastating effects of such lending on communities—from increased crime to falling home values and lower tax revenues. Rachel Bratt reviews the policies and programs used to make rental and owned housing financially accessible. Rob Hollister proposes a framework for evaluating the contributions of community development financial institutions. Despite the many accomplishments of CDFIs over the last four decades, changing political and economic conditions make it imperative that they adapt in order to survive. Financing Low-Income Communities charts out new directions for public and private organizations which aim to end the financial exclusion of marginalized neighborhoods. |
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... incentive to finance CDFIs. President Clinton also championed the 1994 creation of the U.S. Treasury Department's CDFIFund, which finances CDFIs and banks that increase their investments in CDFIs. The CDFI Fund has been a critical ...
... incentive to finance CDFIs. President Clinton also championed the 1994 creation of the U.S. Treasury Department's CDFIFund, which finances CDFIs and banks that increase their investments in CDFIs. The CDFI Fund has been a critical ...
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... incentives for families to save or making it easier for them to save; or they stimulate the supply of savings by making it easier or more cost effective for business organizations to serve this population. Education of all forms is both ...
... incentives for families to save or making it easier for them to save; or they stimulate the supply of savings by making it easier or more cost effective for business organizations to serve this population. Education of all forms is both ...
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... incentives, bank closings, and historical credit discrimination together fueled the rise and institutionalization of predatory lending in the 1990s. They then evaluate different possible approaches to redressing predatory lending ...
... incentives, bank closings, and historical credit discrimination together fueled the rise and institutionalization of predatory lending in the 1990s. They then evaluate different possible approaches to redressing predatory lending ...
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... incentives and provided with financial education, can save (Schreiner, Clancy, and Sherraden 2002; Mills et al. 2004). This saving gap is accompanied by a gap in asset ownership. Families in the three highest income quintiles were 33 ...
... incentives and provided with financial education, can save (Schreiner, Clancy, and Sherraden 2002; Mills et al. 2004). This saving gap is accompanied by a gap in asset ownership. Families in the three highest income quintiles were 33 ...
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... Incentives. The federal government provides substantial incentives for wealthier families to save and invest, but fails to do so for low-income families. It was not always this way. There is in fact a long history of government ...
... Incentives. The federal government provides substantial incentives for wealthier families to save and invest, but fails to do so for low-income families. It was not always this way. There is in fact a long history of government ...
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