Federal Reserve Bank
of San Francisco Federal Reserve Bank
of San Francisco

Community Development Innovation Review

The Community Development Innovation Review focuses on bridging the gap between theory and practice, from as many viewpoints as possible. The goal of this journal is to promote cross-sector dialogue around a range of emerging issues and related investments that advance economic resilience and mobility for low- and moderate-income communities.

  • Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act

    The Community Reinvestment Act (CRA), enacted in 1977, has fostered access to financial services for low- and moderate-income communities across the country. Together with other antidiscrimination, consumer protection, and disclosure laws, the CRA remains today a key element of the regulatory framework, encouraging the provision of mortgage, small business, and other credit, investments, and financial services in low- and moderate-income neighborhoods.

  • Data and Technology

    This issue of the Community Development Investment Review explores how better data and technology can direct more capital to low-income areas. Better data on community development investments can turn uncertainty into quantifiable risk. In other words, better data transforms community development investments from being considered exotic, one-offs, public relations or philanthropy deals into regular assets with known risk parameters.

  • Low Income Communities as Emerging Domestic Markets

    Taken together, the articles in this issue of the Review provide a contemporary look at this discussion of undervalued markets.

  • Rural Community Development Venture Capital

    This issue of the Review wrestles with how rural entrepreneurs can find the financing they need to release the energy of their local communities.

  • Secondary Markets Conference Proceedings

    The Federal Reserve Bank of San Francisco and the Board of Governors of the Federal Reserve System held a special, invitation-only conference in Washington, DC on September 6 and 7, 2006, on the secondary market for community development loans.

  • Secondary Markets for Community Development Loans

    The mission of the Center for Community Development Investments is to enhance access to capital in low-income communities.

  • New Markets Tax Credit

    This issue will focus on the New Markets Tax Credit program, which was enacted in 2000 to increase the flow of capital to communities that had been left out of the tremendous economic growth of the nation’s longest economic expansion.