The spread of COVID-19 and the many efforts to slow it are impacting communities throughout the nation. To best respond to this crisis, information is needed about the scope and scale of challenges in various communities. This report offers findings of a survey designed to collect information on the effects of COVID-19 on low- to moderate-income people and communities and the entities serving them. The survey was fielded by eight national partners and the Federal Reserve System's community development function.
"In our 35 years extending credit to Native communities, not once has a bank invested in our work. Instead, we’ve relied on CDFI Fund grants, foundations, and philanthropic investors," says Tawney Brunsch, executive director of Native CDFI Lakota Funds.
Could CRA modernization drive more inclusive community development for individuals with disabilities, especially those at the intersection of race or ethnicity?
In what ways is the Community Reinvestment Act a tool that helps lenders chart a different future for low-and moderate-income neighborhoods? Here are four examples.
The pandemic has underscored how many aspects of modern life rely on high-speed internet, and how stark the difference in broadband access is for some Americans, both in rural areas and big cities.
Imagine that racial and gender gaps no longer exist in the labor market. Would economic benefits extend beyond people no longer facing disparities?
In the 40+ years since the CRA was enacted in 1977, the way banking is conducted has changed. It's just one reason the Fed is looking to update the regulation we use to evaluate banks under the law.