Race and the Subprime Crisis: The Future of Minority Neighborhoods

Race and the Subprime Crisis The 2009 Nathan W. Levin Lecture on Public Policy.

Some critics blame the Community Reinvestment Act for the mortgage meltdown that prompted the current deep recession. Others point to the abuses of subprime lending and Wall Street manipulation. Yet questions about the impact of the economic collapse on African American communities—and about the future of neighborhood stability, consumer access to credit and the role of race in public policy—remain unanswered. As the federal government acts to reverse the economy’s decline, what have we learned, and what does the future hold?

Keynote by: Hon. Maxine Waters, U.S. Representative (D-Calif.)

Discussion with: James Carr, COO, National Community Reinvestment Coalition Darrick Hamilton, Assistant Professor, Milano The New School for Management and Urban Policy Sarah Ludwig, Executive Director, Neighborhood Economic Development Advocacy Project (NEDAP) Louis Prezeau, President & CEO, City National Bank

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Established in 1989 in honor of the late Nathan Levin, a trustee and acting president of The New School, the Nathan W. Levin Lecture on Public Policy explores the issues of race, poverty, and public policy. The Federal Home Loan Bank of San Francisco has provided additional support for this program.