We work with a wide range of organizations to create economic opportunity for lower-income Americans


Investors, grant makers, and nonprofit organizations need to have some way to assess, manage, and communicate their real impact. This can be especially difficult when the two worlds of investing and philanthropy get mixed together as an impact investment, which is meant to achieve a measurable social or environmental impact alongside a financial return. William Burckart argues that it’s time for people interested in impact investing to adopt the ideas nonprofits are using to track progress.

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Working Papers

Posted September 1, 2015

This working paper looks at the lending performance of one CDFI, the Low Income Investment Fund (LIIF), through the Great Recession. Its authors argue that LIIF’s success weathering the downturn—relative to similarly-sized banks—is the direct result of a “patient capital” approach to portfolio management unique to the CDFI industry.

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The Federal Reserve Bank of San Francisco launched Vantage Point in 2010 to gather viewpoints from community stakeholders across the 12th District around local issues and trends affecting low- and moderate-income (LMI) communities. We conduct the project with the assumption that those working on the ground in these areas have the best understanding of local context, challenges, and promising practices.

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Video: What is the Community Reinvestment Act?

The Federal Reserve Bank of San Francisco is committed to facilitating the availability of financial services and capital, consistent with safe and sound practices, by banks through training, roundtable convenings, and collaboration with community investment partners.

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Our team has broad expertise, including community development finance, small business development, data analysis, neighborhood revitalization, and Community Reinvestment Act application.




What Counts: Harnessing Data for America’s Communities

New book challenges community developers to work more strategically

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