Model
Digital Document
Publisher
Florida Atlantic University
Description
An analysis of five loan types from twenty-six lending institutions
in 125 census tracts of Broward County revealed that
lending was concentrated in coastal and western tracts, less
in central tracts. Western tract loan activity was greater
than average because this area is undergoing conversion from
agricultural to urban land uses. Coastal tracts had greater
than average rates because of continued expansion of condominium
development. Central tracts are mainly commercial,
industrial or lower value single-family dwellings and have
large black populations. High positive correlations were
found among lending rates and income; moderate positive
correlations with age and household size; moderate negative
with percent black. Geographic discrimination in lending
("redlining") may be suspected, but insufficient quality and
quantity of data render such conclusions tentative.
in 125 census tracts of Broward County revealed that
lending was concentrated in coastal and western tracts, less
in central tracts. Western tract loan activity was greater
than average because this area is undergoing conversion from
agricultural to urban land uses. Coastal tracts had greater
than average rates because of continued expansion of condominium
development. Central tracts are mainly commercial,
industrial or lower value single-family dwellings and have
large black populations. High positive correlations were
found among lending rates and income; moderate positive
correlations with age and household size; moderate negative
with percent black. Geographic discrimination in lending
("redlining") may be suspected, but insufficient quality and
quantity of data render such conclusions tentative.
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