Journal Article

A proposal: using the CRA to fight vacancy and abandonment


Abstract: In 2009, banks became the reluctant holders of more than 1,500 foreclosed properties in Cuyahoga County, Ohio. Most of these houses are in Cleveland, worth little to nothing, and in danger of remaining vacant for the foreseeable future - destined to define neighborhood decay.

Keywords: Community Reinvestment Act of 1977; Housing; Foreclosure;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Forefront

Publication Date: 2010

Issue: Spring

Pages: 6-9