Funding: The Ford Foundation
Summary: This paper, which has been revised and resubmitted to Social Problems, examines the extent to which the Community Reinvestment Act (CRA) has helped racial minorities purchase homes in predominantly white neighborhoods from which they have traditionally been excluded. Using 2000 Home Mortgage Disclosure Act reports (HMDA) and 2000 decennial census data, we find that in metropolitan areas where a relatively high proportion of loans are made by institutions covered by the CRA, blacks and Latinos are more likely to purchase homes in predominantly white neighborhoods than in areas where relatively fewer loans are made by such lenders. This finding holds after controlling for a range of socioeconomic characteristics.
Researchers
Gregory Squires
Products
Does the Community Reinvestment Act Help Minorities Access Traditionally Inaccessible Neighborhoods?
May 01, 2005
Does the Community Reinvestment Act Help Minorities Access Traditionally Inaccessible Neighborhoods?
July 08, 2004