Color and Money: Politics and Prospects for Community Reinvestment in Urban America / Edition 1

Color and Money: Politics and Prospects for Community Reinvestment in Urban America / Edition 1

by Gregory D. Squires, Sally O'Connor
     
 

ISBN-10: 0791449521

ISBN-13: 9780791449523

Pub. Date: 03/28/2001

Publisher: State University of New York Press

A case study of Milwaukee, Wisconsin exploring how lending practices and access to capital are shaped by race.

Contrary to conventional wisdom, green is not the only color that matters to lenders. This case study of Milwaukee, Wisconsin—a fairly typical urban area that has experienced systematic disinvestment and a budding reinvestment

Overview

A case study of Milwaukee, Wisconsin exploring how lending practices and access to capital are shaped by race.

Contrary to conventional wisdom, green is not the only color that matters to lenders. This case study of Milwaukee, Wisconsin—a fairly typical urban area that has experienced systematic disinvestment and a budding reinvestment movement—demonstrates the continuing significance of race in determining who gets home mortgage and small business loans. Confirming the ongoing role of politics in both nurturing urban reinvestment and fueling a backlash by financial institutions, Color and Money offers critical policy recommendations for increasing access to capital in central city communities and for racial minorities throughout the nation’s metropolitan areas.

Product Details

ISBN-13:
9780791449523
Publisher:
State University of New York Press
Publication date:
03/28/2001
Series:
SUNY series, The New Inequalities Series
Edition description:
New Edition
Pages:
218
Product dimensions:
5.88(w) x 8.95(h) x 0.47(d)

Table of Contents

Tables and Illustrations
Preface

1. Opening Doors: The Community Reinvestment Movement

2. Race, Ethnicity, and Income: The Persistent Lending Gaps

3. Community Reinvestment in Milwaukee: An Ambiguous Comparative Legacy

4. Mortgage Lending and Segregation in Milwaukee's Suburbs

5. Milwaukee's Best (and Worst?) Mortgage Lenders

6. Small Business Lending Gaps

7. Does Anybody Look Like Me? Minority Employment and Minority Lending

8. Fringe Banking in Milwaukee: The Rise of Check-Cashing Businesses and the Emergence of a Two-Tiered Banking System

9. Organizing Access to Capital: The Fair Lending Coalition and Community Advocacy

10. The Uncertain Future of Community Reinvestment

Notes
Bibliography
Index

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