Discussion Paper

The homeownership and financing experience in two Chicago minority neighborhoods

Abstract: This article documents the homeownership and financing decisions made by Hispanic and Black households in two Chicago ethnic communities to help policy makers, financial institutions and community leaders better understand the homeownership process for these two minority groups. Based on our findings, several policy initiatives and programs are proposed to improve the quality of financial literacy and ultimately for Hispanic and Black households.

Keywords: Discrimination in mortgage loans; Chicago (Ill.);


Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Consumer and Community Affairs Policy Studies

Publication Date: 2000

Number: 2000-5