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Reinvestment Alert #8: CRA Boosts Multi-family Housing Loans in Chicago

alert8.pdf  Sidra Goldwater and Malcolm Bush

 

The Community Reinvestment Act has brought solid
benefits to a critical part of the Chicago economy — the multifamily
housing market. Good quality rental housing is essential to the
well-being of low- and moderate-income families in Chicago, and is a
sign of neighborhood stability particularly in neighborhoods where a
high percentage of the housing stock is multifamily.
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