The Community Reinvestment Act: a growing tool for brownfield redevelopment

John Sabath

Community Reinvestment Forum, 2003, issue Spr

Abstract: It is no accident that financial institutions in the Fourth Federal Reserve District are taking a more active role in financing the redevelopment of former industrial sites, known as brownfields. Increasing demand for vacant urban land, high suburban real estate costs, concerns about sprawl, and private-market incentives are encouraging greater financial institution participation in brownfield developments. Until recently, government-funded programs drove brownfield redevelopment. That changed in 1995, when the Community Reinvestment Act was overhauled, transforming the way financial institutions comply with the law through their lending, investing, and service activities-including investments and loans to brownfields.

Keywords: Brownfields; Community Reinvestment Act of 1977 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedccf:y:2003:i:spr

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Community Reinvestment Forum from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().