Search Results
Working Paper
The Role of Selective High Schools in Equalizing Educational Outcomes: Heterogeneous Effects by Neighborhood Socioeconomic Status
We investigate whether elite Chicago public high schools can help close the achievement gap between high-achieving students from more and less affluent neighborhoods. Seats are allocated based on prior achievement with 70 percent reserved for high-achieving applicants from four neighborhood socioeconomic status (SES) categories. Using regression discontinuity design, we find no effect on test scores or college attendance for students from high- or low-SES neighborhoods and positive effects on student reports of their experiences. For students from low-SES neighborhoods, we estimate ...
Journal Article
What Makes Cities Resilient?
How older industrial cities can become resilient cities was the focus of the Federal Reserve Bank of Philadelphia?s fifth biennial Reinventing Older Communities conference, which was attended by over 430 community development leaders from nonprofits, banks, foundations, government agencies, and businesses from 24 states, the District of Columbia, Puerto Rico, and Canada.
Working Paper
Does Physician Pay Affect Procedure Choice and Patient Health? Evidence from Medicaid C-section Use
I investigate the relationship between physician pay, C-section use, and infant health, using vital statistics data and newly collected data on Medicaid payments to physicians. First, I confirm past results?when Medicaid pays doctors relatively more for C-sections, they perform them more often. I bolster the causal interpretation of this result by showing that salaried doctors do not respond to this pay differential, and by using a much larger sample of states and years. Second, unlike past work, I look at how changing physician pay affects infant health outcomes. I find that increased ...
Journal Article
Revitalizing Commercial Corridors: Lessons from LISC MetroEdge
In many low- and moderate-income communities, existing retail strips are underutilized or a shadow of their former selves, with vacant storefronts and a limited range of goods. Coordinated efforts by community-based organizations, local business owners, and municipal partners can create conditions to revitalize these strips and to spur economic growth by upgrading the physical surroundings, supporting existing businesses, attracting new stores, and improving the reputation of the community as a place to shop. As businesses grow, they provide a wider array of retail options to residents, add ...
Journal Article
Health Care is Community Reinvestment: Examples from the Mental Health Field
This article examines several case studies of mental health clinics and their relationships with financial institutions for CRA purposes.
Journal Article
Building CDFI Capacity in Lending and Business Models
Over the past three decades, community development financial institutions (CDFIs) have been nimble innovators, offering products and services to people, projects, and organizations that mainstream financial institutions could not or would not serve. They opened new lending pathways to address some of the most stubborn challenges facing poor communities across the country. The focus of CDFIs was originally on financing affordable housing and then shifted in recent years to financing schools and child-care centers, healthful food markets, small and microbusinesses, and community health centers.
Journal Article
CDFIs: Intermediaries for Financing to Low-Income Communities
In communities across America, community development financial institutions (CDFIs) successfully connect the ?last mile? of the financial credit chain. Just as local cell phone towers across the country connect cellular networks to local users, CDFIs connect larger and remote sources of capital to local communities. CDFIs act as intermediaries of capital to advance their missions, proving that responsible investing can build incomes, assets, and wealth in low-income communities. Increasingly, CDFIs also intermediate market data and other information necessary for successful investments in the ...
Report
An Overview of the Nonprofit Foreclosure Counseling Industry in Philadelphia
The collapse of the housing market in the second half of the last decade created increased demand for counseling services to assist homeowners dealing with foreclosure. In Philadelphia, the nonprofit agencies that provide free housing counseling dealt with this surge in demand at the same time that funding became increasingly hard to secure. This paper provides a high-level overview of the state of the nonprofit foreclosure counseling industry in Philadelphia in the wake of the housing crash. The report includes information on the industry?s funding levels and sources, details what agencies ...
Journal Article
Community Land Trust Model: Opportunities and Challenges of Preserving Affordable Housing
At least a dozen low-income apartment buildings exclusively for seniors in Detroit?s midtown and downtown areas could convert to market rate apartments in the next ten years, forcing hundreds of seniors to find new homes. Many of the senior apartment buildings were filled in the 1980s when few people wanted to live downtown. Senior subsidies paid by the U.S. Department of Housing and Urban Development (HUD) comprise one way to keep a level of density in the central districts. Today, stories of young professionals unable to find affordable housing in these high-profile neighborhoods (known as ...
Speech
Benjamin Franklin Birthday Celebration
Barriers to economic mobility prevent many low-income children from reaching their potential, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks delivered at the Ben Franklin Birthday Celebration. President Harker said that understanding these barriers is integral to fostering growth across demographics