Community Development
The resources accessible in this section—articles, events, data, and links to outside organizations—are the work of the Federal Reserve Bank of Cleveland’s Community Development department. To learn about our applied research efforts or to contact a member of the team, check out the links at right.
Features
- Interagency CRA Workshop
- This workshop presented jointly by the Federal Reserve Bank of Cleveland, the OCC and the FDIC will review the basics of the Community Reinvestment Act and the exam process. Read more
- 3Q:2012-Mortgage Lending Patterns
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- With the "foreclosure pipeline" still quite full, REO sales remain the most common exit for distressed loans in all Fourth District states. Shares are steady in West Virginia and Pennsylvania; Kentucky and Ohio, however, have seen a decline in REO sales over the same period and an increase in short sales. In the latest edition of our mortgage lending data brief, we examine trends in distressed loans and different paths to recovery. Read more
- Rebuilding Communities: Lessons from the Cleveland Fed’s 2012 Policy Summit
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- The 2012 Policy Summit on Housing, Human Capital, and Inequality touched on a number of key issues in community development. The theme of this year's summit—our 10th annual—was strengthening and rebuilding communities. In short, what works and how do we know it? You can check out coverage of the Policy Summit in the summer issue of Forefront, the Cleveland Fed's policy journal. Articles focus on the shifting landscape of economic development, education reform, and how regional leaders are making decisions in today's environment. There's also an in-depth interview with keynote speaker Alex Kotlowitz. Read more
- Cleveland Fed releases companion piece on banks’ management of REO properties
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- REO properties present challenges and risks not only to communities, but also to the banks that own them. In late June 2012, the Board of Governors released a Q&A for Federal Reserve-regulated institutions on managing REO properties. The Cleveland Fed, along with the Board of Governors, has prepared this companion primer on managing vacant residential property for stable neighborhoods. It contains information, resources, and suggestions from bankers on the risks, rights, and responsibilities involved in managing such properties — both before and after foreclosure. (PDF)
- 2012 Federal Reserve Bank of Cleveland Policy Summit on Housing, Human Capital, and Inequality
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- The 10th annual Cleveland Fed Policy Summit will focus on effective strategies to strengthen and rebuild communities. With neighborhoods and entire regions struggling to regain their footing in the wake of a housing crisis and economic recession, now is a critical time to implement rebuilding strategies that work. What are the most effective strategies, particularly in older industrial cities and the weaker-market regions that surround them? How is the impact of programs best measured? And where should community leaders direct ever-scarcer funds to gain the greatest effect? Read more
