5.25.2017 -

Understanding the CRA

The Community Reinvestment Act (CRA) was enacted in 1977 to prevent redlining and encourage banks and savings institutions to meet the credit needs of all segments of their communities, including low- and moderate-income neighborhoods. Many larger banks fulfill their obligation by investing in organizations like LISC to reinvest and provide capital to projects in these neighborhoods. Here is a primer on what CRA is and how banks are evaluated by it.

3.01.2017 -

Place, People, Police

If police, community organizations, neighborhood residents, and businesses cooperate with one another to solve public safety problems, they can accomplish substantial and durable reductions in crime.This paper presents and analyzes three examples of successful, cooperative crime prevention efforts supported by LISC, finding as much as a 41 percent decline in crime incidents compared to what they would have been without the coordinated, multi-sector strategy.

2.22.2017 -

Loan Products for Credit-Building: An Impact Analysis of Twin Accounts

Low-income people often find that poor credit scores, or no scores at all, prevent them from obtaining affordable consumer credit. Beginning in 2010, LISC, with the input of many of its partners–created and piloted a credit building loan product called Twin Accounts. In this paper, LISC researchers compare the outcomes of Twin Accounts borrowers with other, statistically-matched, clients of LISC-supported Financial Opportunity Centers who did not open such accounts to find out whether their scores, in fact, improved.

11.07.2016 -

2017: Federal Policies that Fuel Local Impact

LISC has outlined a comprehensive set of policy proposals spanning 11 different federal agencies—all focused on helping families build a strong future, while supporting robust economic growth. This is work that cannot wait. It is critical to our national economy, as well as to the outlook for tens of millions of American families.

10.04.2016 -

LISC Housing Market Index 2010: Summary and Analysis

Policymakers and researchers generally agree that the most effective approaches to neighborhood stabilization are those keyed to market conditions. But despite this agreement, there are few tools available to do this kind of market diagnosis. To help remedy this deficit, LISC researchers have constructed a prototype index of market strength. This index holds considerable promise as a single and transparent market indicator that draws on Home Mortgage Disclosure Act (HMDA) data, which are readily-obtainable and available at the neighborhood level. The index is comprised of separate indicators of mortgage transaction velocity for owner-occupants and investors, the percent of purchases by owners, the percentage of high cost loans, and median value of all neighborhoods‟ mortgages relative to those in all low-income neighborhoods area-wide.