COVID-19

A growing number of states and cities have passed laws that say low-income tenants have the right to counsel when they’re facing eviction. Most come with funds to implement the right to counsel. 
2021 CDFI Survey Key Findings
From March 22 through May 14, 2021, the Federal Reserve fielded the 2021 CDFI Survey. Here's what 345 CDFIs said about their financial well-being throughout the COVID-19 pandemic, operational gaps and challenges, and effects on clients and communities they serve.
Masked man sits outside closed business
Minority small-business owners and community lenders joined us for a virtual event to discuss where they are at this stage of the pandemic, what they need going forward, and who can and should help. Watch on demand.
2021 CDFI Survey
The Federal Reserve wants to hear about challenges facing Community Development Financial Institutions to help inform policy recommendations and programs. Take the 2021 CDFI survey March 22 – April 23, 2021.
Philadelphia Chinatown Gates
When the COVID-19 pandemic spread here, the Philadelphia Chinatown Development Corporation used Paycheck Protection Program money to help residents and businesses. More support will be necessary.
Assisted Living
"Customers told us, 'You saved our businesses. You saved jobs. We wouldn't have made it if you guys weren't here and didn't walk us through this.'"
Perspectives from Main Street
Throughout 2020, the Federal Reserve surveyed nonprofits, financial institutions, government agencies, and other community organizations to understand the effects of COVID-19 on low- to moderate-income communities and the entities serving them. Here's what they found.
From Jul 20–Aug 14, 2020, the Fed surveyed 229 community development financial institutions during COVID-19. Here's how they responded.
Steak’M Take’M
Kansas City’s Steak'M Take'M needed help when the pandemic paralyzed the economy. A lender supporting minority-owned businesses provided PPP relief, made to order.
Germaine Simonson
Germaine Simonson owns essential businesses in Arizona's Navajo Nation. Parched for support, she turned to a rural lender to get through the pandemic dry spell.