Featured - Community Development Resources
Join us Dec. 15 for a Connecting Communities® webinar to learn how an employer-led national collaboration of health care leaders promotes investment in the skill and career development of frontline workers. Kelly Aiken (National Fund for Workforce Solutions; CareerSTAT) will discuss the framework and strategies outlined in CareerSTAT’s Guide for Investing in Frontline Health Care Workers. Emily Brown (UnityPoint Health) and Mark Burns (Homebridge) will discuss how these strategies work in practice and their impact on employees and business outcomes.
The Federal Reserve System’s Tenth Biennial Community Development Research Conference on March 23–24, 2017, in Washington, D.C., will explore the theme of Strong Foundations: The Economic Futures of Kids and Communities. Register now to be part of this cross-sector event spotlighting high-quality, emerging research into the economic and social aspects of kids’ lives. Featured speakers include Federal Reserve Chair Janet Yellen and former Harlem Children's Zone CEO Geoffrey Canada.
The fall 2016 issue leads off with the necessity of teachers of color in public school systems and also reports on local educators' reactions to Common Core implementation. Other topics include the high prevalence of young adults receiving Social Security Disability benefits in northern New England, an overview of the region's addiction epidemic, a look at unemployment and the popularity of lotteries in Maine, and the relationship between homelessness and subsidized housing. More articles cover the Capital & Collaboration initiative's examination of community investment in Massachusetts Working Cities, how mobile payments help streamline commuting, a collaboration between Starbucks and a nonprofit group of CDFIs to create jobs, and data on childhood food insecurity in New England.
Interested in exploring how grant capital to support community and economic development is distributed across metropolitan areas in the United States? Check out this new data tool: Following the Money. Based on data provided by the Foundation Center that captures all grants of at least $10,000 made by the 1,000 largest foundations between 2008 and 2013, the Following the Money data tool and infographic report provide a comprehensive look at the data from more than 366 U.S. metropolitan areas. Interactive data and results from the analysis are provided by the Federal Reserve Banks of Atlanta and Philadelphia.
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.
Presentations and videos, as well as the 2016 National Survey of Community Banks, are now available from the 2016 Community Banking in the 21st Century Research and Policy Conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Held Sept. 28-29, 2016, at the St. Louis Fed, research explored the continuing relevance and importance of the community bank business model; the relationship between community bank size and performance; and community bank regulatory issues. Speakers included Fed Governor Jerome Powell, Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and CSBS Chairman/Texas Department of Banking Commissioner Charles Cooper. H.E. “Gene” Rainbolt, chairman, BancFirst Corporation, provided the evening keynote.
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.