#147 Fall 2006

Brokering Network

Several CDCs in the Memphis area have partnered with Seedco, the national economic development intermediary, to form a mortgage loan network. Members can either create their own mortgage brokerages or […]

Several CDCs in the Memphis area have partnered with Seedco, the national economic development intermediary, to form a mortgage loan network. Members can either create their own mortgage brokerages or refer clients to other members. They agree to charge fees set by the network, which will be lower than those of for-profit brokers. The idea is to enable small CDCs to offer mortgage loans, without worrying that they will not have enough volume to provide the service. (Seedco Fieldnotes, Summer 2006)

About the Author

An older white man with a full gray beard.

Alan Mallach

Alan Mallach, senior fellow at the Center for Community Progress and the National Housing Institute, is the author of many works on housing and planning, including Bringing Buildings Back, A Decent Home, and Inclusionary Housing in International Perspective. He served as director of housing and economic development for Trenton, New Jersey, from 1990 to 1999, and teaches in the City and Regional Planning program at Pratt Institute.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

OTHER ARTICLES IN THIS ISSUE

ISSUE TABLE OF CONTENTS

  • Season of Change

    • Harold Simon

    September 23, 2006

    At the apex of the civil rights and social justice movements, a new type of organization, the community development corporation (CDC), was created. CDCs were charged with addressing the massive […]

  • Schools House Homeless Kids

    • Shelterforce

    September 23, 2006

    A school district outside St. Louis is opening a home this fall for homeless students. The Maplewood-Richmond Heights district bought a house and had lined up a dozen teenagers to […]

  • Rx for Tenants

    • David Holtzman

    September 23, 2006

    Doctors and lawyers team up to help tenants stuck in housing that's bad for their health