Economics

Asset Building in Low-Income Communities of Color, Part 1

This report by the Joint Center for Political and Economic Studies presents findings from the first year of an initiative to assess what works to enable low-income communities of color build assets. The executive summary highlights predisposing factors and promising practices in ten states, highly rated in the 2007-2008 Assets & Opportunity Scorecard for asset building among low-income people. The featured states include: Delaware, Hawai'i, Iowa, Maine, Michigan, Minnesota, New Hampshire, Vermont, Washington, and Wisconsin.

African Americans and Homeownership: The Subprime Lending Experience, 1995 to 2007 - November 2007 - Brief #2

This brief provides a primer on subprime lending and how it has affected homeownership among African Americans. Its story begins in the mid-1990s with the increase in subprime lending for home purchases, home improvement, and refinancing. How the primary and secondary markets for subprime loans operate and how African Americans and households belonging to other racial/ethnic subpopulations have been served by them are detailed.

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