Featured - Community Development Resources
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.
The report from the Kansas City Fed focuses on broadband access, economic impact and success stories for communities wishing to narrow the digital divide. The digital divide refers to the gap between those with and without access to affordable, reliable broadband and the skills and equipment to utilize it.
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.