Community Development

The resources accessible on this page—articles, events, data, and links to outside organizations—were chosen for their relevance to community development and community reinvestment issues, particularly in the Fourth Federal Reserve District. These resources reflect the compendium of research and outreach efforts undertaken by the Federal Reserve Bank of Cleveland. For more information on community development, to learn about our applied research efforts, or to contact a member of the Federal Reserve Bank of Cleveland’s Community Affairs Office, check out the links at right.

The Foreclosure Resource Center

This online resource will serve both as a central portal for the Federal Reserve Bank of Cleveland’s work on foreclosure, as well as a means of sharing tools and resources available nationally and regionally with homeowners and community development groups dealing with this issue. Read more

Events

Publications

Behind the Numbers

Offers analysis of current data.

CR Report

Provides information about community reinvestment issues and practices.

  • 30th Anniversary of the Community Reinvestment Act (PDF)
  • Microenterprise: Creating Wealth for Individuals and Communities (PDF)
  • A Path to Housing Opportunities: Cincinnati Lending Analysis (PDF)
  • 2003 Environmental Assessment Survey (PDF)
  • Financial Education: What is it and What Makes it So Important? (PDF)

CR Forum

Special reports cover topics pertinent to the Fourth District, including financial education, predatory lending, microenterprise, and immigration trends.

  • 2006 Policy Summit Keeps Spotlight on Poverty (PDF)
  • Financial Education: Is it Making a Difference? (PDF)
  • Individual Development Accounts: An Endangered Wealth Creation Strategy? (PDF)
  • Engines of Growth: Why Low-Income Communities Need Small Business (PDF)
  • The New Markets Tax Credit Program: Will it Live Up to Its Potential? (PDF)

Applied Research by Topic

Consumer Finance

Community Affairs Research Conference: Innovative Financial Services for the Underserved
The Federal Reserve System's 6th Biennial Community Affairs Research Conference: To encourage objective research into financial services issues affecting low- and moderate-income individuals, families, and communities. Read more
Community Development Pros Discuss Consumer Finance Policy Change at Cleveland Fed Policy Summit
Nearly 250 community development professionals attended the Federal Reserve Bank of Cleveland’s Sixth Annual Community Development Policy Summit, Consumer Finance: Crossing the Divide, on June 11 and 12. Read more
The 2008 Community Development Policy Summit
Accompanying Graph
Join us for the 6th annual Community Development Policy Summit, to be held June 11 and 12 at the Cleveland Marriott Downtown at Key Center. Read more
Payday and Predatory Lending Seminar
This research seminar featured two papers on payday lending and two papers on predatory lending. Presenters included Paige Skiba (Vanderbilt), Adair Morse (University of Chicago), Philip Bond (Wharton), and Anthony Pennington-Cross (Marquette). Read more
See all Consumer Finance

Financial Literacy

Credit Scoring and Access to Credit
Presentation by Glenn Canner (Senior Advisor, Board of Governors of the Federal Reserve System) 2008 Community Development Policy Summit (PPT)
Payday Holiday: How Households Fare After Payday Credit Bans
Presentation by Don Morgan (Research Officer, Federal Reserve Bank of New York) 2008 Community Development Policy Summit, "Regulating the Growing Payday Lending Market" (PPT)
Better Choice for Pennsylvania Borrowers
Presentation by Keith Welks (Deputy State Treasurer for Fiscal Operations, Pennsylvania Treasury Dept.) 2008 Community Development Policy Summit, "Regulating the Growing Payday Lending Market" (PPT)
Web-based Foreclosure and Loss Mitigation Communications Platform
Presentation by Brian Cosgrove (President, Just Price Solutions) 2008 Community Development Policy Summit, "Innovative Approaches to Mortgage Lending and Credit Building" (PPT)
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Foreclosure

Synopses of Selected Research on Housing, Mortgages, and Foreclosures
The contributions in this document are synopses of key findings from research and Federal Reserve System policy analysis on selected topics relating to housing, mortgage loan performance, and foreclosures. A goal of the project is to leverage the knowledge, expertise, and national reach of the Federal Reserve System to develop responses to the sharp rise of mortgage delinquencies and foreclosures. (PDF)
Ohio Vacant Properties Forum II: Highlighting Best Practices in Foreclosure Prevention and Redevelopment Strategies
Co-sponsored by the Federal Reserve Bank of Cleveland. This second of two statewide forums held by ReBuild Ohio (the first was convened in 2005) will focus on best practices, policy recommendations, and legislative updates. Additional discussion topics will include land banking, foreclosure prevention approaches, and addressing vacancy and abandonment. Read more
A Snapshot of Mortgage Conditions with an Emphasis on Subprime Mortgage Performance
This document provides facts and figures that pertain to the recent increase in mortgage foreclosures. The data are provided to help readers understand the source, scope, and scale of this increase. (PDF)
Moving Towards Solutions: Research and Policy on Vacancy and Abandonment
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As part of the Federal Reserve Foreclosure Series: Recovery/Renewal/Rebuilding, this seminar highlights the contributions of recent research to the policy discussion about the causes and impacts of foreclosure and vacancy, with a particular emphasis on implications and solutions for weak market cities. (Columbus, Ohio) Read more
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Vacant Properties

Ohio Vacant Properties Forum II: Highlighting Best Practices in Foreclosure Prevention and Redevelopment Strategies
Co-sponsored by the Federal Reserve Bank of Cleveland. This second of two statewide forums held by ReBuild Ohio (the first was convened in 2005) will focus on best practices, policy recommendations, and legislative updates. Additional discussion topics will include land banking, foreclosure prevention approaches, and addressing vacancy and abandonment. Read more
Moving Towards Solutions: Research and Policy on Vacancy and Abandonment
Accompanying Graph
As part of the Federal Reserve Foreclosure Series: Recovery/Renewal/Rebuilding, this seminar highlights the contributions of recent research to the policy discussion about the causes and impacts of foreclosure and vacancy, with a particular emphasis on implications and solutions for weak market cities. (Columbus, Ohio) Read more
See all Vacant Properties