Community Development Research Briefs
Research Briefs feature data and commentary on emerging community development trends.
Posted October 8, 2020
In the face of layoffs and furloughs due to the COVID-19 pandemic, many renters and homeowners across the country have struggled to make their mortgage or rent payments. This brief provides a snapshot of the issues facing low- and moderate-income renters, homeowners, and small, “mom and pop” landlords in the Twelfth Federal Reserve District based on interviews our team conducted in July 2020.
Posted September 29, 2020
Child care is important for cultivating the future workforce, and it also ensures that working parents of today can participate in the economy, helping to achieve the Federal Reserve’s mandate for full employment. While child care in the U.S. is a piece of critical infrastructure, it is often invisible and undervalued. Straddling the lines between parenting, education, and small business, child care does not get the full attention and resources of any particular domain, and its contribution to the economy has been overlooked. This report draws attention to the importance of child care to the economy, highlights shortfalls and challenges in this sector prior to COVID-19, and explores new issues that threaten the viability of the sector in the context of the pandemic.
Posted August 14, 2020
Over the past decade, rising real estate costs have led to displacement of low-income residents and small businesses from Los Angeles’ changing neighborhoods. The Federal Reserve Bank of San Francisco conducted a survey of nonprofits in the Los Angeles metropolitan area to explore how they are faring in the face of displacement pressures. This report presents those findings alongside comments from follow-up interviews.
Posted May 27, 2020
Nonprofit organizations play an important role in the response to COVID-19, but the crisis is straining their ability to serve communities. This report summarizes data from a Federal Reserve survey to assess the impact of the pandemic on nonprofit respondents and the communities they serve in the Western United States.
Posted May 21, 2020
Shelter-in-place and social distancing measures have been critical for “flattening the curve” and managing the spread of COVID-19, but the sudden shock to our economic and social lives is raising concerns about mental and behavioral health issues. Low-income communities and communities of color were already more likely to experience risk factors for poor mental health, such as low socioeconomic status and substandard living conditions. This research brief explores these risk factors in the context of COVID-19, and why mental health promotion should be part of a comprehensive approach to equitable economic recovery.
What are Banks Doing to Address the Impacts of COVID-19 on LMI Communities? Early Approaches to Addressing the Crisis
Posted April 7, 2020
Banks play a key role in helping to alleviate the economic impacts of COVID-19 and have been encouraged to leverage Community Reinvestment Act (CRA) activities in their response. This research brief presents findings from interviews with community development officers across CRA-motivated financial institutions in the Twelfth Federal Reserve District and summarizes their early response actions. Interviewers asked about changes to lending, services, and investments; whether the recent CRA guidance had spurred any changes to the ways banks were operating; how banks were prioritizing growing need; and ways banks were being responsive to evolving community conditions.