The CRA encourages financial institutions to use intermediaries to expand their capacity for delivering community development services; and faith-based organizations have long been recognized as one of the most prominent and successful examples of intermediaries. And, while faith-based community development organizations represent only a subset of all community-based organizations, their presence may actually be more far reaching than secular providers. Because even in communities without a community development corporation, there is a faith organization.
The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System. Material herein may be reprinted or abstracted provided Community Investments is credited. Please provide our Community Development Department with a copy of any publication in which material is reprinted.
Read full issue (pdf, 929 kb)
Small Congregations and Asset-Based Community Development
Eliza M. Carney
Faith-Based Initiative Overview
Fishing by Faith
Reverend Mark Whitlock
Islamic Finance and the U.S. Banking System
Jewish Community Federation
Catholic Community Development