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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Has the CRA increased lending for low-income home purchases?
Elizabeth Laderman
Abstract

This Economic Letter discusses some of the research on whether the CRA has helped alleviate any shortfall in LMI home purchase lending. Overall, the literature suggests that, while the effects of the CRA versus the effects of other developments are not easy to separate, access to credit for the groups and neighborhoods targeted by the CRA has improved; in addition, it suggests that, for most banks, LMI home purchase lending has become as profitable as other home purchase lending.


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Elizabeth Laderman, "Has the CRA increased lending for low-income home purchases?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 16, 2004.
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Keywords: Community Reinvestment Act of 1977 ; Mortgage loans
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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