Featured - Community Development Resources
The Federal Reserve and other bank regulatory agencies with responsibility for the Community Reinvestment Act (CRA) rulemaking published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment". The document provides additional guidance to financial institutions and the public on the agencies' CRA regulations.
This September 21-23, the Federal Reserve Bank of Philadelphia will host its Reinventing Our Communities: Transforming Our Economies conference in Philadelphia. This biennial national event draws hundreds of professionals to share knowledge, discuss best practices, and network. Featuring experts from across the US, the conference will examine how communities connect people, place, and capital to transform local and regional economies in an inclusive way. Check out the agenda for session specifics and register soon to reserve your spot.
The Community Affairs Officers of the Federal Reserve System invite paper submissions for the tenth biennial Federal Reserve System Community Development Research Conference, a unique event that aims to bridge the gaps between research, policy, and practice on key issues facing the country. The 2017 conference organizers seek high-quality, emerging research on the theme of Strong Foundations: The Economic Futures of Kids and Communities.
The Kansas City Fed will host a national conference on September 7-8, 2016 to take a fresh look at a variety of issues that affect the financial wellness of low- and moderate-income communities. The agenda features national experts who will explore unique approaches to health, housing, jobs, education and consumer finance - issues that continue to affect household financial resiliency and mobility.
Access to broadband has become an essential component of economic opportunity and financial well-being, yet there is a significant digital divide in many underserved communities.This Dallas Fed publication is a practical guide for financial institutions that shows how digital inclusion can improve the lives of low- and moderate-income individuals who have limited access to broadband infrastructure. It presents best practices and information on lending, services and investments that can help close the digital divide and contribute to an inclusive and vibrant entrepreneurial economy.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.
This short, seven-minute video highlights the purpose, application and importance of the Community Reinvestment Act (CRA), a law that helps bring billions of dollars in bank capital to low- and moderate-income communities every year. Understanding how this law works is essential for banks looking to make impactful loans and investments, non-profits seeking funding, and communities wanting to ensure their financial institutions are operating in fair and responsive ways. Learn how the CRA works and what it means for communities across the country.