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Series:Profitwise  Bank:Federal Reserve Bank of Chicago 

Journal Article
Assets and opportunity in the Midwest: a comprehensive look at the 7th District based on the CFED Scorecard

There is perhaps no better or more tangible indicator of the strength of an economy than the measure of assets and protections ? financial, business, home, education, and health ? built by families and society. Not only does an accounting of the amount, range, and distribution of assets of an economy provide an incisive picture of the current health and resilience of an economy, but more importantly, it reflects the ability of an economy and the families within it to adapt, to find advantages, and to shape the future.
Profitwise , Issue May , Pages 13-17

Journal Article
Leveraging opportunities to promote community reinvestment

The Community Reinvestment Act (CRA) is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The CRA performance impacts banks and the communities they serve. CRA requirements are embedded in the chartering of financial institutions; and CRA performance ratings are considered in the approval, denial, or conditioning of applications for such activities as branching, consolidation, or acquisitions. Therefore, CRA provides a powerful ...
Profitwise , Issue Sep , Pages 7-13

Journal Article
Examining successful collaborations and ongoing barriers to foreclosure prevention

In November 2008, the Federal Reserve Bank of Chicago?s Consumer and Community Affairs division convened ?Examining Successful Collaborations and Ongoing Barriers to Foreclosure Prevention.? The foreclosure crisis has continued to impact the nation, including the Federal Reserve?s Seventh District; this conference was one in a series that the Chicago Fed has organized since the foreclosure crisis emerged. The conference brought together experts who addressed the issues and concerns surrounding Wisconsin?s increasing number of foreclosures. This article briefly summarizes key information ...
Profitwise , Issue Nov

Journal Article
Predatory lending—a grassroots perspective

Iowa Citizens for Community Improvement (CCl) is a multiissue, statewide nonprofit organization with a 28-year history and nearly 2,000 dues-paying members. CCI was founded in 1975 in Waterloo, Iowa, by people who wanted to address local problems and improve their community. Since then, CCI has expanded to include urban members from Des Moines and family farmers and other rural citizens from across the state. Iowa CCI?s purpose is to empower and unite grassroots people of all ethnic backgrounds to address problems in their community and win positive social, economic, and environmental justice.
Profitwise , Issue Jun , Pages 7-8

Journal Article
Advancing Regional Prosperity through Economic Inclusion: A Brief Conversation with Chicago Planning Agencies

For years, arguments on behalf of economic inclusion were built on the principles of equity and justice ? the idea that everyone, including those with less income or fewer assets, should have access to resources and opportunities. But more recently, a growing number of entities, including metropolitan planning organizations, have broadened the motivation for inclusiveness to argue for the benefits that it bestows on all residents of a region, not just to those in economically marginalized neighborhoods. Two recent publications, "Inclusive Growth, "by the Chicago Metropolitan Agency for ...
Profitwise , Issue 3 , Pages 29-31

Journal Article
Market Failure and Community Economic Development in the US

This article explores the "political economy of community development" in the United States, with historical context on market failures. The authors, for the purposes of this article, also explore lending patterns in the Seventh Federal Reserve District.
Profitwise , Issue 1 , Pages 1-10

Journal Article
Recent immigration trends in Southeast Michigan

During most of the twentieth century, southeast Michigan was portrayed in scholarly research and the popular media as black and white. While the region has a rich history of international immigration prior to 1950, the post-war years have focused on the large migration from the American south and the resulting interaction between African Americans and Caucasians in the workplace and community. While Detroit was not a gateway city for immigrants, secondary migration flows continued to add to the first- and second-generation base. The unprecedented immigration flows that the country experienced ...
Profitwise , Issue Jun , Pages 2-6

Journal Article
Preliminary Findings from Focus Groups on Economic Inclusion in Smaller Cities

A growing body of work by the Federal Reserve Bank of Chicago and partners points to challenges that "legacy cities" face in extending economic opportunity to all residents. This article reports findings from a series of focus groups conducted around the 7th District to better understand what city leaders are doing to advance positive labor market outcomes for residents.
Profitwise , Issue 2 , Pages 1-10

Journal Article
Making a difference in Chicago neighborhoods

Started almost 30 years ago by housing advocates to improve declining Chicago neighborhoods. Neighborhood Housing Services of Chicago (NHS) has into one of the most succesful and respected organizations of its kind in the U.S. A key to its sucess has been the ability to enlist the support of both neighborhood residents and to corporate, lending, and regulatory and political leaders in efforts to revitalize city neighborhoods. These relationships have allowed it to craft innovative homeownership opportunities for working families while responsibly leveraging public and private sector ...
Profitwise , Issue Wint

Journal Article
A brief on emerging affordable rental housing trends in economically stressed Chicago communities

For decades, nonprofit housing and consumer-focused organizations have worked in low- and moderate-income (LMI) areas to address improvident mortgage lending practices that have led to high rates of vacancy and unstable neighborhoods. Questionable lending is not a new problem in LMI areas, in short, but the pace of this lending in LMI areas increased as the last decade?s housing bubble inflated. Many unsound lending practices (including failure to prevent fraudulent use of primary residence mortgages to finance investment property1) spread to mainstream housing markets in the first half of ...
Profitwise , Issue Dec , Pages 9-10

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Newberger, Robin G. 28 items

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