There are many causes to the collapse of the housing market and the recent financial turmoil, but the contribution of the CRA appears marginal. While banks did engage in…
RR07-6: For many years, policymakers have agreed that low-income, working-age people who receive government rent subsidies ought to strive for self-sufficiency and that…
Michael Sherraden, Michael Barr
•
February 15, 2004
BABC 04-15: Low- and moderate-income households save for routine payments, such as rent, as well as for major purchases, such as a washing machine or a car. Saving also…