Though many banks are turning to loan consortiums as a way to meet their low-income housing obligations, coordinators of the programs say that progress is slow and not very steady.

The primary obstacle remains the lack of a secondary market for the affordable housing and business loans made through the programs, said Doris R. Schnider, president of the Community Investment Corporation of North Carolina, Raleigh.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.