Protecting and increasing monetary assets of low-income individuals and communities
It’s a business of little size—six full-time staffers—but large achievements. The Woodstock Institute creates research and analysis to aid increase the access, accessibility and rates of monetary services and products—such as checking reports, house mortgages, and business that is small people of low and moderate incomes.
Started in 1973 to counter “redlining” practice in low-income and minority communities, Woodstock attempt to explore general general public and personal policy options that could end discriminatory housing and investment habits within the Chicago area that is metropolitan. Quickly it became clear that the organization’s work had applications that are national.
Low-income communities in America face significant barriers to increasing and saving their economic assets. In reality, present quotes claim that they truly are stripped of around $25 billion in wide range every year through predatory mortgages, payday advances along with other financing abuses. Professionals state that the issues that are financial by Woodstock tend to be more urgent and extensive than whenever you want within their three years of presence. Continue reading Woodstock Institute. Increasing and protecting economic assets of low-income individuals and communities