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Economic Commentary

Community Lending and Economic Development

Improving access to credit by minority and low-income communities represents a serious challenge to lenders, community residents, and government officials. Hardly a day goes by without a story in a major newspaper or in a trade publication dealing with some aspect of this issue. My own view is that most discussions about community investment and lending discrimination ignore some fundamental lessons from economic theory and practical experience.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Jordan, Jerry L. 1993. “Community Lending and Economic Development.” Federal Reserve Bank of Cleveland, Economic Commentary 11/15/1993.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International