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ISBN: 9780791449523 - Color and Money  Enlarge Bookmark and Share

Color and Money

Politics and Prospects for Community Reinvestment in Urban America

Gregory D. Squires, Sally O'Connor

ISBN: 9780791449523
Format: Paperback
Publisher:State University of New York Press
Edition: illustrated edition


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Contrary to conventional wisdom, green is not the only color that matters to lenders. This case study of Milwaukee, Wisconsin …

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Contrary to conventional wisdom, green is not the only color that matters to lenders. This case study of Milwaukee, Wisconsin - a fairly typical urban area that has experienced systematic disinvestment and a budding reinvestment movement - demonstrates the continuing significance of race in determining who get home mortgage and small business loans. Confirming the ongoing role of politics in both nurturing urban reinvestment and fueling a backlash by financial institutions, Color and Money offers critical policy recommendations for increasing access to capital in central city communities and for racial minorities throughout the nation's metropolitan areas.
 
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