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CENTER FOR URBAN INITIATIVES AND RESEARCH
Annual Review of Lending Practices of Financial Institutions2006, W. Martin Morics, City Comptroller
City of Milwaukee, Office of the Comptroller
 
 
Links

www.city.milwaukee.gov/displayFile.asp?docid=601&filename=/User/pmensa/2006_LendingReport.pdf
 

Common Council Resolution #890493 created the City of Milwaukee's socially responsible investment program. The resolution directed the Comptroller to annually prepare a Financial Institution Lending Report. The resolution also directed that data on lending activities should be requested from each financial institution as these activities relate to the lending goals adopted by the Common Council. This is the thirteenth such lending report issued by the Comptroller since it’s inception in 1992. This report focuses on lending in the City's Targeted Single Family Loan Program Area (TA). This area was chosen as a target because it has lower property values, houses lower income families, has less homeowners and a higher vacancy rate than the City as a whole.