Community Mobilization and Credit: The Impact of Nonprofits and Social Capital on Community Reinvestment Act Lending*

Thomas T. Holyoke

Social Science Quarterly, 2004, vol. 85, issue 1, 187-205

Abstract: Objective. Recent trends in urban research emphasize the importance of local nonprofits and social capital in the revitalization of poor and minority neighborhoods. This article tests the idea that urban communities able to mobilize themselves by establishing development nonprofits and overcoming collective action problems will be better able to make use of urban‐development policies. Methods. Measures operationalizing nonprofit presence and social capital are used in an empirical test to see if they can, through the medium of the Community Reinvestment Act, increase the number of mortgage and business loans in Washington, D.C. Results. These variables show only weak effects on mortgage lending, but very strong results for small‐business lending in all types of communities. Conclusions. The results suggest that nonprofits and social capital may have only limited benefit in the revitalization of urban neighborhoods and researchers and practitioners should be careful when relying on them.

Date: 2004
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.0038-4941.2004.08501014.x

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:bla:socsci:v:85:y:2004:i:1:p:187-205

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0038-4941

Access Statistics for this article

Social Science Quarterly is currently edited by Robert L. Lineberry

More articles in Social Science Quarterly from Southwestern Social Science Association
Bibliographic data for series maintained by Wiley Content Delivery ().