Foreclosures, Homeownership, Neighborhood Revitalization Focus of Cleveland Fed Forum

Foreclosures, homeownership, and neighborhood revitalization ... those are just some of the issues that will be discussed at the Cleveland Fed’s upcoming Policy Summit on June 10, 2009.

Join local and national experts for lively discussions on modifying – or replacing – Community Reinvestment Act (CRA) legislation; finding alternatives to homeownership for low- to moderate-income individuals/families; and rebuilding communities that have been hit hard by job loss, population decline, and foreclosures.

Special guests include: Elizabeth Duke, a member of the Federal Reserve's Board of Governors, who will give the keynote address; and Raphael Bostic, President Obama's nominee for Assistant Secretary for Policy Development and Research at the Department of Housing and Urban Development, who will participate in a panel discussion on stabilizing the housing market.

Who: Government officials, bankers, community and economic development practitioners, researchers, regulators, and academics

What: Federal Reserve Bank of Cleveland’s Community Development Policy Summit

Where: Crowne Plaza Hotel, 777 St. Clair Avenue, Cleveland, Ohio

When: June 10, 2009, 9 a.m. – 4:30 p.m.

Registration Fee: $50/person; $35/person for members of nonprofit organizations. Deadline for registration is June 4, 2009. (Members of the media are admitted for free, but must register in advance by calling/emailing Anne M. DiTeodoro at 216.774.2514 or anne.m.diteodoro@clev.frb.org)

Info: 2009 Policy Summit site or 1.800.433.1035

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892