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. They are offered to community development practitioners. 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 Development team, 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
Features
- Board to hold four public hearings on Home Mortgage Disclosure Act
- The Federal Reserve Board on Friday announced that it will hold four public hearings, beginning in July, on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. All hearings will include panel discussions by invited speakers. Other interested parties may deliver oral statements of five minutes or less during an "open-mike" period. Written statements of any length may be submitted for the record. Read more
- REO & Vacant Properties: Strategies for Neighborhood Stabilization
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- The foreclosure crisis that the nation continues to grapple with has led to scores of real-estate-owned, or REO, properties. These and other vacant properties erode the values of nearby houses, fracture neighborhood stability, and threaten to undo decades of economic progress made in communities across the country over the past 25 years. How big is the REO problem? How are communities, banks, and policymakers dealing with the challenge? Most important, what approaches are showing the most promise for success? Read more
- Mortgage Lending Patterns in the 4th District as of April 2010
- Over the last four years, FHA-insured loans increased as a share of all loans by 29 percentage points from 8.2% to 37.3%. Given their popularity, how have these mortgages performed? Find out in the latest edition of the Data Brief Read more