Community Development Working Papers
Working papers provide in-depth analysis of emerging community development issues from practitioners and scholars.
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Financial Education in San Francisco: A Study of Local Practioners, Service Gaps and Promising Practices
Laura Choi, Federal Reserve Bank of San Francisco
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Bank Accounts and Youth Financial Knowledge: Connecting Experience and Education
Laura Choi, Federal Reserve Bank of San Francisco
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Peer-to-Peer Lending and Community Development Finance
Ian Galloway, Federal Reserve Bank of San Francisco
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The Economic Crisis and Community Development Finance: An Industry Assessment
Chairman Ben Bernanke, Board of Governors of the Federal Reserve System; Mark Pinsky, Opportunity Finance Network; Nancy Andrews, Low Income Investment Fund; Paul Weech, Innovative Housing Strategies, LLC; with Ellen Seidman, New America Foundation and ShoreBank; and Rick Cohen, Nonprofit Quarterly
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Using New Markets Tax Credits to Mitigate the Impact of Foreclosures on Communities
Anna Steiger, Federal Reserve Bank of Boston
Across the country, committees have been established to come up with ways to mitigate the impact of foreclosures on lower-income communities. A few are exploring the feasibility of having community-based organizations use the New Markets Tax Credit (NMTC) Program to facilitate the purchase of foreclosed residential properties for rehabilitation and resale to low- and moderate-income […]
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Massachusetts’ Efforts to Address Foreclosed Properties
Prabal Chakrabarti, Federal Reserve Bank of Boston
The growing number of troubled mortgages in New England poses challenges for local communities. As foreclosures mount, so do the number of vacant homes, given that most properties that do not sell at auction remain in the hands of the foreclosing lender. These foreclosed properties, known as lender-owned or real estate owned (REO) properties, present […]
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The Accumulation of Foreclosed Properties: Trajectories of Metropolitan REO Inventories during the 2007–2008 Mortgage Crisis
Dan Immergluck, Federal Reserve Bank of Atlanta
In addition to causing financial and social hardship to families and individuals, high foreclosure rates can have negative effects on neighborhoods, cities, and metropolitan regions. The views expressed in this report are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of San Francisco or the Federal Reserve […]
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Confronting the “Second Wave of the Tsunami”: Stabilizing Communities in the Wake of Foreclosures
Carolina Reid, Federal Reserve Bank of San Francisco
In July 2008, the Federal Reserve Bank of San Francisco convened a symposium in Los Angeles on the topic of stabilizing communities in the wake of foreclosures. The goal of the conference was to identify strategies that could help to mitigate the negative spillover effects of foreclosures on families and neighborhoods. The views expressed in […]
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The Enduring Challenge of Concentrated Poverty in America: Case Study of Fresno, California
Naomi Cytron, Federal Reserve Bank of San Francisco
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Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act
A Joint Publication of the Federal Reserve Banks of Boston and San Francisco
The Community Reinvestment Act (CRA), enacted in 1977, has fostered access to financial services for low- and moderate-income communities across the country. Published following its 30th anniversary, this volume captures different perspectives on the past and future of the CRA. The views expressed in this report are those of the authors and do not necessarily […]