Who would help meet the credit needs of low- and moderate-income neighborhoods as banks are required to do by the Community Reinvestment Act?
Before the Act was passed, there were severe shortages of credit available to low- and moderate-income neighborhoods.
From the early evidence, it appears that water metering will provide a severe economic jolt to many buildings, probably in moderate-income neighborhoods in particular.
Our coalition represents almost all the major lenders and producers of rehabilitated housing in the city's low- and moderate-income neighborhoods over the last 25 years.
We have 61 branches in low- to moderate-income neighborhoods in the city.
At greatest risk in Cleveland's suburbs are the low- and moderate-income neighborhoods where subprime lending has soared.
Nor will they have to prepare formal statements documenting their efforts to market services in low- and moderate-income neighborhoods.
But it's not only moderate-income neighborhoods that are affected.
The city's tentative assessment for fiscal 1991, which starts July 1, provides an opportunity to examine the system at work on rental housing in moderate-income neighborhoods.
Nearly $35 billion has been lent in low- and moderate-income neighborhoods as a result of the act.