Neighborhood revitalization and stabilization - Tools
This new publication from the Dallas Fed explores recovery efforts in the wake of recent natural disasters across the United States. It presents guidance on how financial institutions can help advance disaster recovery in low- and moderate-income communities and meet their obligations under the Community Reinvestment Act.
Bank’s Community Reinvestment Act (CRA) Opportunities for Promoting Job Creation, Workforce Development, and Place-Based Investment
This report summarizes innovative activities from banks’ Community Reinvestment Act (CRA) performance evaluations in the areas of job creation, education and workforce development, and transportation and affordable housing. By providing real-world examples of situations in which banks received CRA credit in these areas, we hope other banks will consider pursuing similar opportunities in the areas they serve for which they can receive CRA consideration, thus promoting economic growth and prosperity in these communities.
Access to broadband has become an essential component of economic opportunity and financial well-being, yet there is a significant digital divide in many underserved communities.This Dallas Fed publication is a practical guide for financial institutions that shows how digital inclusion can improve the lives of low- and moderate-income individuals who have limited access to broadband infrastructure. It presents best practices and information on lending, services and investments that can help close the digital divide and contribute to an inclusive and vibrant entrepreneurial economy.
A website that accompanies the Dallas Fed study, "Las Colonias in the 21st Century: Progress Along the Texas-Mexico Border," which examines successes and challenges in infrastructure, housing, economic opportunity, education and health in Texas colonias. The site features a report, video, photos, success stories, data, legislation information and related resources.
The Kansas City Fed provides financial forms, checklists and other resources to help consumers and small business owners prepare before and recover after disaster strikes. These resources were developed from a series of focus groups and meetings held in the tenth district.
The 12th District County Profiles, published by the San Francisco Fed, provide valuable information on the various labor-market, housing, and economic development issues impacting communities throughout the nine western states. More counties will be added in future rounds of profiles, so check back often to see if your community is featured!
In response to Superstorm Sandy, the New York Fed organized relief Clinics, bringing housing, legal, insurance, and disaster relief agencies under one roof. The Fed also created an online resource center to serve as a clearinghouse of critical information to support local recovery efforts. Residents and business owners can find resources from insurance, tax relief, and legal assistance to help for rebuilding damaged property. The site also links to posts from the New York Fed's economics blog on costs of the superstorm.
The damage and disruption caused by Superstorm Sandy on the communications, power, and transportation infrastructure in many parts of the New York City region highlighted the need to examine ways to limit the adverse effects of extreme events on critical infrastructure in urban areas. In November 2013, the New York Fed convened experts on risk analysis, local policymakers, academics, and representatives from utilities and local and state government to discuss the protection of infrastructure during disasters. Conference participants included representatives of state and local governments and various utilities, as well as academics who provided perspective on the issues. his detailed conference summary includes links to interviews with speakers from the event.
This report from the Boton Fed describes credit conditions in Massachusetts in low- and moderate-income and middle- and high-income census tracts using a unique and nationally representative database of all individuals who have a credit history. The analysis highlights the differences in the percentage of individuals with credit accounts, median balances, monthly payments, delinquency rates, and credit scores in 2006 and 2012.
In disadvantaged neighborhoods, the condition of the housing stock can vary from block to block. On one block, homes appear well kept and in good condition, while on another, many homes show signs of physical distress. Since the blocks within the same neighborhood are often similar in terms of home values, what accounts for this pattern? And is there any contagion effect of home maintenance? Researchers at the Boston Fed examine this issue in several Boston neighborhoods in this report.