Journal Article
The changing faces of America's children and youth
Lichter, Daniel T.; Johnson, Kenneth M. (2010)
Recent U.S. Census Bureau projections indicate that by the middle of this century, non-Hispanic whites will cease to be a majority of the American population. In this article we document how for America's youngest residents, the future is already here. America's rapidly changing racial and ethnic composition has important implications for intergroup relations, ethnic identities, and electoral politics.
New England Community Developments

Journal Article
New ideas for old REOs: a disposition framework for marketing REOs for rental properties
Chakrabarti, Prabal; Arcaya, Mariana (2012)
The unprecedented accumulation of foreclosed properties in recent years has presented a challenge to communities, banks, and policymakers. This article outlines a potential disposition framework for government-sponsored and private enterprises to identify which foreclosed properties would be most appropriate for rental and which would remain most appropriate for homeownership. This disposition framework is then applied to the existing stock of foreclosed properties in Massachusetts, and the authors explore the possible utility of this analytic technique as a policy tool.
New England Community Developments

Journal Article
Leveraging immigrant remittances for development
Plastrik, Peter; Lima, Alvaro (2006)
Some observers have suggested that one way to draw immigrants into the financial system is for banks to tap the large global remittance market. The authors of this article propose a model that would leverage remittances to both draw immigrants into the banking system as well promote economic development in immigrant communities in the United States and immigrants? home countries.
New England Community Developments

Journal Article
Promoting banking services among low-income customers
Blank, Rebecca M. (2008)
Many low-income people rely on payday lenders, check cashers, and other alternative financial service providers to get by. But the high costs make it hard for families to save. A 2008 Brookings Institution report highlights the reasons that the so-called unbanked turn to such services. It also suggests solutions-including both expanded bank offerings and increased access to government programs that stabilize incomes and reduce the need for emergency, high-cost credit.
New England Community Developments

Journal Article
An overview of the CDFI industry
Curtis, Brandy (2006)
The community development financial institutions (CDFI) industry is at a crossroads in terms of identifying strategies for increasing overall sustainability and scale, and ultimately, impact. This article presents an overview of the CDFI industry in the United States and New England and identifies the changes and challenges facing CDFIs and what they indicate for the sector?s future.
New England Community Developments

Journal Article
Massachusetts’ efforts to address foreclosed properties
Chakrabarti, Prabal (2008)
Massachusetts has been ahead of the curve in combating neighborhood deterioration as real-estate-owned (lender-owned) foreclosed properties increase. Affordable housing developers, community groups, municipal and state officials, and nonprofits have created a Foreclosed Property Task Force and an online database that is accessible by all the partners. The database is already improving decision making about where resources would have the most impact.
New England Community Developments

Journal Article
Use of alternative credit data offers promise, raises issues
Afshar, Anna (2005)
Companies are beginning to use alternative credit data in a variety of ways for the purposes of making credit decisions. This article looks at the prospective benefits of using the new data, examines the potential usefulness of various sources of alternative data, and offers some considerations for lenders, consumers, and policymakers when these data are used.
New England Community Developments

Journal Article
Variations on an American dream: alternative homeownership models
Graves, Erin (2011)
With homeownership central to the national economy and U.S. housing policy, the drop in homeownership rates could have long-term negative consequences. A growing body of research argues that alternative homeownership products, such as limited equity cooperatives and lease-to-own models, can offer participants many of the benefits of ownership while reducing some risks. However, these models are not widely implemented or understood. This article asks experts in the housing field about the prospects of greater adoption of these models.
New England Community Developments

Journal Article
Venture capital in New England secondary cities
Chakrabarti, Prabal; Carlson, Carole (2007)
Over the past two decades, venture capital has been one of the major drivers of the U.S. economy. This article examines venture capital investment in secondary cities, cities outside of the 40 largest U.S. metropolitan statistical areas (MSAs), including New England secondary cities, and identifies factors that may explain how certain smaller cities attract venture capital.
New England Community Developments

Journal Article
Data corner: understanding subprime mortgage defaults
anonymous (2008)
Analysis conducted by economists at the Federal Reserve Bank of Boston provides insight into how subprime mortgages became as popular as they did, and why they have caused the problems that they have.
New England Community Developments