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This Commission could provide a central place for evaluation and use of all this information which results from disclosure, pilot survey, other public hearings and documentation of community work on revitalization efforts.

Thank you for inviting us to participate in these hearings and please feel free to call on us for assistance we might be able to provide on the above suggestions or on questions in general.

[The paper referred to by Monsignor Baroni follows:]

DISCLOSURE AND NEIGHBORHOOD REINVESTMENT

A Citizen's Guide

A Handbook on How to Use the Information form the
Home Mortgage Disclosure Act of 1975.

Karen Kollias, principal author, in collaboration with Chester D. Haskell and Joseph M. Domzalski.

Under the supervision of Arthur Naparstek, Ph. D.

Published by the National Center for Urban Ethnic Affairs Washington, D.C.

October, 1976

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ACKNOWLEDGEMENTS

This handbook was made possible in part by a grant from the

Campaign for Human Development, Washington, D.C. The grant was given to the National Center for Urban Ethnic Affairs to develop strategies supportive of neighborhood reinvestment.

New Implications for Community

An earlier monograph by the National Center for Urban Ethnic Affairs and the National Training and Information Center provides background on redlining and disinvestment, outlining the need for the disclosure legislation subsequently adopted. ("Urban Disinvestment: Organization, Research and Public Policy"). Another handbook currently being completed will offer a review of various approaches to neighborhood reinvestment with many specific references to individuals and groups working in the area of revitalization. For maximum benefit, these materials should be used in conjunction with this citizen's guide.

Special thanks go to the community representatives who attended the National Center's May Conference on Disclosure and Reinvestment for their comments and suggestions regarding an earlier draft of this handbook.

Thanks goes to DeeDee Tostanoski, Mary Ann Krickus, Chet Haskell, Joe Domzalski and other Center staff people who gave their assistance to the handbook.

PREFACE

This handbook is for community people, city officials, and representatives of lending institutions--all of whom have a stake in the revitalization of our urban neighborhoods. The material consists of suggested action strategies for the utilization of the Home Mortgage Disclosure Act of 1975. In addition, it provides clarification of the final regulations for the Act and includes a list of people and organizations involved in disclosure actions.

This publication is by no means complete, nor is it intended to be the definitive statement on disclosure legislation. We felt however that certain ideas, references, resources, and strategies should be shared as the implementation of this federal law gets underway. Disclosure is an important tool for organizations--community groups in particular--concerned with lending practices in their neighborhoods.

some possible ways of using that tool.

This handbook presents

Денд Зачані

Msgr. Geno Baroni

President

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