Race and the Subprime Crisis: The Future of Minority Neighborhoods

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?

These are some of the issues that will be covered in the Milano and the Center for New York City Affairs 2009 Nathan W. Levin Lecture.

Featuring a keynote by Hon. Maxine Waters, U.S. Representative (D-Calif.)

And a discussion with: James Carr, COO, National Community Reinvestment Coalition.
Sarah Ludwig, Executive Director, NEDAP.
Louis Prezeau, President & CEO, City National Bank.

Moderated by: Darrick Hamilton, Assistant Professor, Milano The New School for Management and Urban Policy.

Established in 1989 in honor of the late Nathan Levin, a trustee and acting president of The New School, the Levin Lecture explores the issues of race, poverty, and public policy.

This event is made possible thanks to the generous support of the Federal Home Loan Bank of San Francisco.

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