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Community Reinvestment Act

Summer 2010 - Regulatory Roundup: The fourth installment features news on HMDA, CRA, consumer credit changes, and new community development and consumer finance legislation occuring in the Fourth District states. Read more

Saving Strategies & Innovations for Low-Income Households: Researchers, policymakers, and community leaders gathered to discuss cutting edge research and innovations in the field of low-income savings and asset building. The goal was to expand knowledge on savings behavior and attitudes among low- and moderate-income households and review the results from the field experiments of promising savings innovations. Read more

Meet the New Community Affairs Officer: Paul Kaboth, a 25-year veteran of the Cleveland Fed's Supervision & Regulation department, was appointed Community Affairs Officer for the Federal Reserve Bank of Cleveland, effective July 1, 2011. Read more

Saving Strategies & Innovations for Low-Income Households: Researchers, policymakers, and community leaders gathered to discuss cutting edge research and innovations in the field of low-income savings and asset building. The goal was to expand knowledge on savings behavior and attitudes among low- and moderate-income households and review the results from the field experiments of promising savings innovations. Read more

Community Stabilization Index: June 2011: What's the recovery potential for your community? The Cleveland Fed recently revised a tool we call the Community Stabilization Index, a compilation of data that provides counties with a relative measure of local housing market conditions at the zip code level. The focus of the index is recovery potential. We just added maps for the index for three counties to our website?Allegheny County, PA (Pittsburgh), Hamilton, OH (Cincinnati), and Stark County, OH (Canton). How can these maps help community leaders? One possible use is supporting or guiding city officials and funders on where to allocate scarce resources. The maps can also be used by banks to better understand conditions in their markets. Read more

Facing the Foreclosure Crisis in Greater Cleveland: What Happened and How Communities are Responding (PDF)
Federal Reserve Bank of New York - Dynamic Mortgage Maps
Foreclosures on Non-Owner-Occupied Properties in Ohio’s Cuyahoga County: Evidence from Mortgages Originated in 2005-2006 (PDF)
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2012 Federal Reserve Bank of Cleveland Policy Summit: 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

Rural Appalachia in the Fourth District States: Although not directly affected by the boom and bust of the housing market, Appalachia, and more specifically rural Appalachia, might be fighting the current recession's aftershocks for quite some time. This report examines the data to learn how Appalachians in these counties are currently faring. Have they lost what little ground they gained from the late 1970s to the early part of this decade? Read more

REO & Vacant Properties: Strategies for Neighborhood Stabilization: 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

Battling the Next Phase of the Housing Crisis
Facing the Foreclosure Crisis in Greater Cleveland: What Happened and How Communities are Responding (PDF)
See all REO

Manufacturing and Pollution: Trends in Old and New Industrial Centers: This report examines trends in manufacturing and pollution in two regions, the traditional industrial centers of the Rust Belt and the newer centers that sprang up in the South over the past three decades. How have northern cities fared in their quest to both recover from the loss of manufacturing share as well as simultaneously reduce pollution and become more attractive places to live? And how do they stack up today against their Sun Belt counterparts? Our findings indicate that while both regions experienced recent losses in manufacturing employment—and subsequent decreases in pollution—at similar rates, output has remained relatively constant. The key appears to be how each region encourages growth in high-tech manufacturing sectors and invests in upgrading labor-force skills. Read more

Issues & Insights: In an effort to identify and better understand key community development issues in our district, we surveyed community stakeholders in the third quarter about challenges facing the communities they serve. Among those who responded, availability of local employment opportunities topped the list of current concerns, followed by vacant and abandoned property and budget cuts at the state level. Read more