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Financial Implosion: 2nd Chance for Progressive Banking Reform?

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Dozens of other local and state groups, usually with the support of national networks such as ACORN, the Center for Community Change, National Peoples Action, and the National Community Reinvestment Coalition over the years have helped move $1 trillion in bank lending back into inner cities. Major national lenders have provided philanthropic funding support to pay for homeownership counseling and homebuilding programs, and worked with these groups to provide more affordable mortgage loans. ACORN was able to build on its CRA success and move on to other issues besides lending, addressing problems such as education, crime, voter registration, political campaign finance law, and living wages.

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John Atlas is President of the Montclair, NJ based National Housing Institute and contributing editor of Shelterforce magazine. He is the author of the forthcoming book SEEDS OF CHANGE.The Story of Acorn, America's Most Controversial Anti-Poverty (more...)
 
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