Financing Low Income CommunitiesRussell Sage Foundation, 15/11/2007 - 328 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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... percent ) , stocks ( 21 percent ) , and retirement accounts ( 50 percent ) are also considerable ( Bucks , Kennickell , and Moore 2006 ) . Combined financial assets made up 42 percent of total household assets in 2001 ( Di 2003 ) ...
... percent ) , stocks ( 21 percent ) , and retirement accounts ( 50 percent ) are also considerable ( Bucks , Kennickell , and Moore 2006 ) . Combined financial assets made up 42 percent of total household assets in 2001 ( Di 2003 ) ...
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... percent of all CDLF dollars outstanding , many CDLFs have diversified their offerings , moving into the provision of ... percent of all capital as of 2005.6 CDLFs raised the bulk of their debt capital from banks and thrifts ( 49.6 ...
... percent of all CDLF dollars outstanding , many CDLFs have diversified their offerings , moving into the provision of ... percent of all capital as of 2005.6 CDLFs raised the bulk of their debt capital from banks and thrifts ( 49.6 ...
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... percent yes 42 percent no 33 percent do not know Median . 30 percent Mean . 35 percent If 50 percent of the jobs added in the fifty - six firms that responded to the survey would not have existed were it not for CEI's assistance , then ...
... percent yes 42 percent no 33 percent do not know Median . 30 percent Mean . 35 percent If 50 percent of the jobs added in the fifty - six firms that responded to the survey would not have existed were it not for CEI's assistance , then ...
Índice
Financial Education and Community | 72 |
The Community Development | 159 |
Financing Production of Low | 183 |
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Accessed accounts activities affordable housing Aspen Institute assets benefits borrowers Caskey and Hollister CDCUs CDFI Data Project CDLFs CDVCs community development banks community development credit community development finance Community Reinvestment Act consumers costs counseling created development credit unions Development Financial Institutions economic development employment equity estimates evaluation example Fannie Mae Federal Reserve Federal Reserve System financial education Financial Literacy financial services firms Foundation Freddie Mac homeowners homeownership impact incentives income increased individuals industry initiatives investments investors KHIC lenders levels low-income families low-income households lower-income MDOs Michael Sherraden microenterprise million moderate-income mortgage multifamily National needs neighborhoods nonprofit Okagaki organizations outcomes participants payments percent Policy predatory lending Research retirement saving securitization Sherraden Shorebank small business social subprime Subprime Lending subsidies Survey target tax credit technical assistance Treasury U.S. Department Urban venture capital Washington wealth