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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... initiatives and has continued to advocate for their preservation during the G. W. Bush administration. Many CDFIs also see advocacy on behalf of low-income communities as a critical part of their missions. This includes state-level ...
... initiatives and has continued to advocate for their preservation during the G. W. Bush administration. Many CDFIs also see advocacy on behalf of low-income communities as a critical part of their missions. This includes state-level ...
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... initiatives at the Vermont Community Development Credit Union to examine whether financial education outcomes go beyond individuals. The findings hint at the potential relationships between financial education and community involvement ...
... initiatives at the Vermont Community Development Credit Union to examine whether financial education outcomes go beyond individuals. The findings hint at the potential relationships between financial education and community involvement ...
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... initiatives. Jamie Curley and Michael Sherraden (2000) trace the origins of children's saving account proposals to what are called children's allowances, cash grants provided to families with children by many European countries. Cramer ...
... initiatives. Jamie Curley and Michael Sherraden (2000) trace the origins of children's saving account proposals to what are called children's allowances, cash grants provided to families with children by many European countries. Cramer ...
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... initiative is exploring the potential of using gaming technology in education. D2D Fund, a nonprofit product development group aimed at serving low-income financial consumers, is exploring the potential of marrying simulation, decision ...
... initiative is exploring the potential of using gaming technology in education. D2D Fund, a nonprofit product development group aimed at serving low-income financial consumers, is exploring the potential of marrying simulation, decision ...
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... initiatives have sought to move these unbanked AFS customers to account ownership and lowercost financial services. The 1996 Federal Debt Collection Improvement Act mandated that all federal payments, including wages, vendor payments ...
... initiatives have sought to move these unbanked AFS customers to account ownership and lowercost financial services. The 1996 Federal Debt Collection Improvement Act mandated that all federal payments, including wages, vendor payments ...
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