login    register    help     

 
About Us
 
Ash Center
 
Webinars
 
Innovation Awards
 
Innovators Insights Newsletter
 
Multimedia
 
Groups
 
 
All Topics
 
Criminal Justice and Public Safety
 
Economic and Community Development
 
Education and Training
 
Environment & Natural Resources
 
Finance
  Banking
  Government Finance
  Microfinance
 
Governance and Politics
 
Health and Social Services
 
Organizational Management
 
Public Infrastructure
 
Technology
 
 
All Themes
 
*Access to Services & Social Justice
 
*Accountability
 
*Collaboration
 
*Education
 
*Environment
 
*Government Performance & Management
 
*Government, Civil Society, & Private Sector Partnerships
 
*Health
 
*Justice & Security
 
*Participation
 
*Pluralism, Diversity, Gender, & Inequality
 
*Social Services
 
*Sustainable Development
 
*Technology
 
From Confrontation to Collaboration? Banks, Community Groups, and the Implementation of Community Reinvestment Agreements
PAGE TOOLS
   
RELATED TOPICS
   
RATE THIS
 
I hate it   I love it
     
1

2

3

4

5
     
 
DIGG THIS
 
 
Published 1998
Author Alex Schwartz
Source Fannie Mae Foundation
URL Click here to download the full document
PDF: 32 pages, 145 kbytes

Preview

Banks and other depository institutions have signed more than 300 community reinvestment agreements valued at $350 billion in the two decades since the passage of the Community Reinvestment Act (CRA). This article examines the effectiveness of negotiating CRA agreements in Chicago, Cleveland, Pittsburgh, and New Jersey. After describing the agreements and the procedures by which they are enforced, the article looks at their impact and discusses several factors that could limit implementation of CRA agreements in the future. The findings suggest that CRA agreements are more effective in some areas than others. They seem most consistently successful in meeting their goals for mortgages, investments in low-income housing tax credits, grant giving to community-based organizations, and in opening (and keeping open) inner-city bank branches. The future of CRA agreements is clouded by several factors, most notably the restructuring and consolidation of the financial service sector.

   

© 2014 by Harvard University Kennedy School of Government. All Rights Reserved.
About Us | Privacy Policy | Partners | Contact Us | Provide Feedback | Advanced Search
 

ksg Version:   Host: ip-10-83-51-59  C3_DB=c3@localhost:3306; GEO_DB=plex-sandbox@localhost; KPLEX_DB=ksg@localhost:3306; SESSION_DB=session@localhost:3306;