Federal Reserve Bank of San Francisco

Community Development

Community Development Priorities for a New Decade

Tuesday, January 25, 2011
Federal Reserve Bank of San Francisco
101 Market Street
San Francisco, CA 94105

Contact

Lena Robinson, Regional Manager
Federal Reserve Bank of San Francisco
(415) 974-2717

What a difference a decade makes?! The second decade of the new millennium is different in so many ways than the first. A global economic downturn, a foreclosure crisis, budget deficits at all levels of government, lower personal assets, higher unemployment, weaker nonprofit capacity, and tighter capital availability have reversed the gains and slowed the upward trajectory that low- and moderate-income households had begun to achieve. And while individuals, households and communities at all income levels have been adversely affected, the fragile economic conditions that persist in LMI communities make the probability of recovery much more tenuous.

As community development professionals, what is our role and where should we focus our efforts to ensure that the years of progress around asset building, homeownership expansion, nonprofit capacity development, and community investments are not entirely wasted?

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