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Dr. Tarry Hum's
research
examines the
increasing
presence of
ethnic banks in
New York City’s
immigrant
neighborhoods.
In particular,
Dr. Hum focus on
the growing
number of
Chinese-owned
ethnic banks in
working-class
Sunset Park,
Brooklyn, their
lending
practices and
community
investment
activities.
Based on an
analysis of
1998-2005 HMDA
data, interviews
with bank CEOs
and other
community
institutions,
and a review of
recent Community
Reinvestment Act
evaluations, she
finds that
despite their
concentrated
presence, most
ethnic banks
made few home
mortgage loans
to Asian
homebuyers.
Rather ethnic
banks figure
prominently as
part of an
immigrant based
urban growth
coalition that
is transforming
neighborhoods
like Sunset Park
through
commercial real
estate
development.
Dr. Hum's talk
also addresses
policy
implications for
promoting fair
access to
capital and
equitable
community
development.
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