During this Connecting Communities webinar, New York Fed Staff and community leaders discussed solutions to address urgent climate and community needs that affect vulnerable and lower-wealth communities of color. Watch or listen on demand.
Get insights from the Fed’s community development teams and their collaborators.
Here’s what nonprofit and community leaders, and workforce professionals serving lower-income people shared with the Federal Reserve for the October 2024 Beige Book.
Contract for deed homeownership agreements can appeal to lower-priced homebuyers who believe they are unable to qualify for or secure a mortgage. But CFDs often lack consumer protections and can cost unsuspecting buyers their home and their investment in it.
In early 2024, the American Enterprise Institute ranked ConnectLA as the nation’s top performing broadband office in its annual evaluation of state broadband programs. ConnectLA’s secret to its success—community engagement.
At the 2024 SSBCI Midwest Regional Conference in Kansas City in August, jurisdictions throughout the Midwestern states and tribal governments convened with Treasury staff, bankers, and community development lenders to discuss ways to ensure funds from the State Small Business Credit Initiative (SSBCI) reach small businesses and entrepreneurs, particularly those in underserved communities.
Explore inspiring stories and profiles showcasing the collaborative efforts and impactful work in community development across the Federal Reserve System.
Sam Porter brings her previous public service work to help the Philadelphia Fed promote economic growth and improve access to opportunity in underserved communities.
As mission-driven lenders, community development financial institutions (CDFIs) invest their funds and capacity building in underserved areas. Opportunity Finance Network (OFN) supports these unique organizations, working with the Fed to understand CDFIs’ impact.
At work, Javier Silva brings together two distinct but important worlds of community development and the Spanish language. “In community development I try to help areas that are underserved and need attention on health equity and climate resiliency /adaptation—two of our team’s thematic focus.”
From survey findings to dashboards, the Fed’s data can inform collaborative efforts between policymakers, employers, and educators.
The toolkit offers insights on using community-engaged qualitative research practices gleaned from the Federal Reserve’s Worker Voices Project and shows how others can use these methods in their own work. This toolkit is for researchers, policymakers, employers, and workforce organizations interested in partnering with the populations they serve and elevating community perspectives.
The second report from the 2024 Community Perspectives Survey focuses on the health of organizations serving low- and moderate-income (LMI) communities and discusses the challenges they face. These organizations provide vital services to lower-income communities and infrastructure that promotes economic resilience and mobility.
The 2024 Community Perspectives Survey, conducted nationally by the Federal Reserve, provides an overview of economic conditions in low- and moderate-income (LMI) communities. The first report examines key findings in the areas of housing, employment, financial stability, health, education, small business and access to technology.
Worker Voices participants described weighing the tradeoffs of self-employment from the independence it gave to its income generation potential. This research found that participants were pushed or pulled into self-employment for a variety of factors and their experiences did not align with their expectations of this work.