Equitable Development

By Benjamin Horowitz
The Community Reinvestment Act is approaching its first significant modernization in about a quarter century. Take a look back at the historical conditions that shaped it.
Woman looks over grocery bill at kitchen table
By Kuma Okoro
New research tells us that inflation may impact different people in different ways. People's experiences with rising prices depend on where they live, how much they earn, and how they spend.
Grand Opening, Frogtown Square, 2011
By Jennifer Wilding
Experience Investment Connection—from pitch to impact—with small business owners, community organizers, and bankers, and the Federal Reserve community development experts bringing them together.
Alex Fuentes
By Ellen Simon
The American Voices Project began as a way to study US poverty. It has grown into a trove of personal narrative and oral history of how people across the US experienced the COVID-19 pandemic.
Perspectives from Main Street
By Nishesh Chalise, Violeta Gutkowski
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.
Pine Ridge Reservation
By Tawney Brunsch
"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.
Black women in wheelchair using laptop
By Michael Morris
Could CRA modernization drive more inclusive community development for individuals with disabilities, especially those at the intersection of race or ethnicity?
Young woman uses broadband access for social interaction
By Candáce Wright
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.
Mom and two boys using a laptop in their living room
By Jeremy Hegle
When Beth Drum heard that families in her area needed computers for remote work and school, she enlisted her employer's help to get 400 refurbished laptops to their community. Here's how she did it.
Bridging Change with CRA
By Lael Brainard
Federal Reserve Governor Lael Brainard shares her views on why it's the right time to modernize the Community Reinvestment Act.