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- Title
Banks and Affordable Housing -- What Future?
- Authors
Schrand, Margaret
- Abstract
In this article the author discusses the basic inter-relationship between the U.S. affordable housing and banking and looks at the future of housing sector in accordance to banking. Changes that occurred in the housing sector after the launch of the Community Reinvestment Act (CRA) are discussed. It is given that the act forces banks to lend products in the areas in which they took deposits. Banks are suggested to keep on providing governmental programs to remain in the housing programs.
- Subjects
UNITED States; HOUSING policy; REAL estate business; BANKING industry; COMMUNITY development laws; HOUSING development; PUBLIC housing planning &; development; INVESTMENTS
- Publication
Journal of Affordable Housing & Community Development Law, 2011, Vol 20, Issue 2, p237
- ISSN
1084-2268
- Publication type
Article