WDIY: Jesse Van Tol and David Bradley on Low Income Neighborhoods and Fighting Poverty | LV Discourse
Host Alan Jennings speaks to the leaders of two national groups who are working to reinvest funds into low-income neighborhoods and fight poverty.
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Maryland Reporter: A decade after the Great Recession, home values in some communities remain underwater
Richardson at the National Community Reinvestment Coalition, a nonprofit that promotes access to banking services in traditionally underserved communities, contends that bank lending practices are part of the problem.
“If no one is getting loans, you will see home values remain low,” he said. “The reason that (banks) can’t lend to these communities is because there isn’t equity to lend on. It’s a chicken and egg scenario.”
