Household financial stability - Featured
This report provides insight into the scope and scale of challenges that U.S. communities are facing amid the COVID-19 pandemic. It summarizes the findings of a nationwide survey of nonprofit organizations, financial institutions, government agencies, and other community organizations. The survey was conducted in early April by the 12 Federal Reserve Banks and the Board of Governors. It saw nearly 3,900 respondents serving urban, suburban, and rural communities.
Where a person lives matters—a ZIP Code can often predict a person's likely economic, health, education, and life outcomes. In this video, Raphael Bostic, president of the Atlanta Fed, discusses why fair housing matters, reflects on the legacy of housing discrimination, and describes the progress made to prevent housing discrimination and further fair housing as well as what remains to be done. The Fair Housing Act of 1968 made it illegal to discriminate in the sale or rental of housing, including against individuals seeking a mortgage or housing assistance, or in other housing-related activities, based on a person's race, color, national origin, religion, sex, familial status, and disability. Yet 50 years after the passage of this landmark legislation, housing remains segregated by race and income in many neighborhoods across the United States.
This podcast asks community members and organizations across the U.S. about the challenges they are facing and solutions they’ve found for significant social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Local Food Systems as a Rural Economic Driver," features an organization that bolsters regional agricultural enterprises to create jobs in rural areas. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
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.