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People
Economic mobility is especially challenging for those who live in low- and moderate-income households. What’s more, the financial outcomes of individuals and families affect the financial health of our nation as a whole. What innovative approaches are being undertaken to address financial capability? What key policies and programs are helping individuals build wealth? And what promising workforce development strategies are helping our country prepare for the jobs of tomorrow? The Fed has resources on a range of people-based strategies.

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Place
Place matters. We know this from research as well as from experience. The Fed works with an array of partners—from nonprofits, bankers and academics to practitioners and policymakers—to help strengthen and revitalize communities through housing and other place-based strategies. What are some promising cross-sector approaches to address foreclosure mitigation activities? And how can evidence-based models inform innovative solutions to neighborhood redevelopment, particularly for underserved communities? The Fed has resources on a range of place-based strategies.

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Policy and Practice
Thriving communities rarely develop by accident. The Fed supports community and economic development in a variety of ways, including providing technical assistance, convening events and conducting applied research, all aimed at developing the scale, sustainability and impact of the broader community development field. How are emerging research and data analysis being utilized to improve the design and implementation of community development programs and the sourcing of new partners and capital? What are the key ingredients of successful cross-sector collaboration? And how can Community Reinvestment Act (CRA)-eligible activities be further leveraged for greater impact? The Fed has resources on a range of strategies that support the policy and practice of community development.

Examples and additional information on how Fed activities support policy and practice
Small Business
Small businesses form the backbone of our nation’s economy and are at the heart of thriving communities. The Fed helps low- and moderate-income individuals and communities launch, grow and sustain small businesses, from microenterprises to small but growing organizations that have the capacity to create jobs for local residents. What are the emerging trends for increasing the capacity of small-business intermediaries? How can we ensure that small businesses and entrepreneurs have access to the credit and capital they need in a safe and sound way? And what are some of the key programs and policies that support minority- and women-owned small businesses?

Examples and additional information on how Fed activities support small business
- Small business access to credit and capital
- Small business technical assistance

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Featured - Community Development Resources

VIDEO | Fair Housing: What It Means and Why It Matters

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.

posted 05/23/2019 by Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, San Francisco, Board of Governors