Steps banks can take in low-income communities. (ABA Newsletter)

From: ABA Banking Journal | Date: January 1, 1993 | Copyright information

The Center for Community Development of the American Bankers Association presents a list of suggestions on how banks can infuse more capital into low- and moderate-income communities. One idea is to develop partnerships with community-based nonprofit organizations. Consortiums with other financial institutions that can offer a pool of funds at below-market rates can also benefit the community. Financial agencies, such as the Federal Home Loan Mortgage Corp, and other government groups should ...

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