New York Fed
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Community perspectives and conditions from the Fed’s Beige Book, May 2026
Rising fuel costs and slow wage growth are straining lower-income households. One contact noted that more workers are now requesting higher pay to meet basic needs. Nonprofit organizations continue to face funding shortages and higher operating costs.
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An affordable twist on investor-owned, single-family housing
Investors’ activity in the single-family rental market has raised both concerns about and interest in their approach, especially in lower-income neighborhoods. Drawing on what works, impact investors and intermediaries are adapting the model to serve affordability and preservation goals.
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Community perspectives and conditions from the Fed’s Beige Book, April 2026
Inflation is driving increases in the utilization of support services, spending on credit, and restructuring debt. As one contact noted, lower- and middle-income households “can’t out-budget low wages, tariffs, and inflation.”
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How the Fed studies and understands housing’s key role in the economy
The cost and availability of housing affect family budgets, labor force mobility, business growth, and the health of the economy. Learn how the Fed studies and engages with communities around vital housing trends, challenges, and innovations.
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Community perspectives and conditions from the Fed’s Beige Book, February 2026
Community contacts report that rising costs for food, housing, and energy have strained low- and moderate-income communities and nonprofits, while rural hospitals face financial risks. Stable employment for some helped ease economic anxiety, contacts noted. But vulnerable groups and small businesses remained stressed under increasing costs, according to observations for the February 2026 Beige Book.
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Community perspectives and conditions from the Fed’s Beige Book, January 2026
Demand for social services is growing while rising costs continue to strain household, small business, and service provider budgets, according to January 2026 Beige Book observations.
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Community perspectives and conditions from the Fed’s Beige Book, November 2025
Here’s what nonprofit and community leaders, and workforce professionals serving lower-income people shared with the Federal Reserve for the November 2025 Beige Book.
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Community perspectives and conditions from the Fed’s Beige Book, October 2025
Here’s what nonprofit and community leaders, and workforce professionals serving lower-income people shared with the Federal Reserve for the October 2025 Beige Book.
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The Quarterly Catch-up, Q3 2025
Check out the latest community development-related research, analyses, and articles from all 12 Federal Reserve Banks and the Board of Governors. This post captures content published between July 1 and September 30, 2025, on topics affecting communities.
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Could greater secondary market access help CDFIs meet growing demand?
Demand is up among underserved borrowers for community development financial institutions’ loans. Some industry experts are exploring whether these mission-driven lenders might leverage broader secondary market opportunities to increase available lending capital.