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
- Mortgage Lending Patterns in the 4th District as of December 2009
- Typically thought of as the better-performing relative of subprime loans, prime loans have suffered from increasing delinquency rates as unemployment rates remain high Read more
- Containing a Firestorm: Adaptive Policies Needed to Address Changing Foreclosure Landscape
- Like a wildfire leaving devastation in its path, the foreclosure crisis continues to wreak havoc on many families and communities throughout the Fourth District, especially in the largest urban areas. Only a year ago the primary reason for foreclosures centered on subprime mortgages. Today, the primary driver is unemployment, further widening the consumption arc of this blaze. Read more
- A Look at the Neighborhood Stabilization Program (NSP) in the Fourth District States
- The Neighborhood Stabilization Program, or NSP, is a federal program aimed at helping communities recover from the foreclosure crisis. The Cleveland Fed visited ten communities in its district to see firsthand how the NSP program was being planned for. Read more