Maria Carmelita Recto and Edison Reyes, Communications and Outreach

In the United States, buying and owning a home is seen as a critical wealth-building tool, particularly for lower-income households and people of color.

Tony Davis, Dominic Ramos-Ruiz, and Javier Silva, Communications and Outreach

More than 38 million people in the U.S. were considered food insecure in 2020, relying on food pantries and community-based programs to stave off hunger. Hunger and food insecurity have dire economic consequences. For instance, young children who experience food insecurity tend to be less prepared for school, with lifelong impacts on earnings and health.

Belicia Rodriguez and Edison Reyes, Communications and Outreach

The New York Fed gathered experts for two recent roundtable discussions to learn about the impact of extreme heat and poor air quality on low- and moderate-income communities and communities of color. Here are five takeaways from the discussions:

Claire Kramer Mills and Edison Reyes, Communications and Outreach

Solar power installations in residential homes have long been a luxury good, with high upfront costs creating an insurmountable hurdle for low-income homeowners, and incentives that leave out renters.

Belicia Rodriguez and Javier Silva, Communications and Outreach

Less than a year after they purchased their first home, Daphany Rose Sanchez and her family were on the roof, surrounded by water, waiting to be rescued.

Jessica Battisto, Dyvonne Body, Marisa Casellas-Barnes, Claire Kramer Mills, Dominic Ramos-Ruiz, Edison Reyes, Belicia Rodriguez, Javier Silva, Communications and Outreach

The New York Fed’s Community Development Team has adopted a new strategy, focusing its energies on three key areas: health, climate, and household financial wellbeing. Our goal is to identify emerging solutions — especially those focused on fostering racial equity and improving life for underserved communities. In this post, we look at the economic effects of climate change and the importance of fostering resiliency. We also invite you to an event on June 3 at which we will outline our approach to these focus areas.

Rebecca Landau, Tony Davis, Javier Silva, and Jessica Battisto, Communications and Outreach

Missed deadlines, chronic absenteeism, conflicts among colleagues: Even before the COVID-19 pandemic, depression and anxiety took a toll in the workplace, costing the global economy about $1 trillion every year in lost productivity.

Carmi Recto, Rebecca Landau, Edison Reyes, and Javier Silva, Communications and Outreach

The New York Fed’s Community Development Team has adopted a new strategy, focusing its energies on three key areas: health, climate, and household financial wellbeing. Our goal is to identify emerging solutions — especially those focused on fostering racial equity and improving life for underserved communities. In this post, we take a closer look at the financial challenges households face and their effect on the wider economy. We also invite you to an event on June 3 at which we will outline our approach to these focus areas.

Tony Davis, Marisa Casellas-Barnes, Javier Silva, Jessica Battisto, and Rebecca Landau, Communications and Outreach

The New York Fed’s Community Development team has adopted a new strategy, focusing its energies on three key areas: health, household income, and climate change. Our goal is to connect emerging solutions — especially those focused on fostering racial equity and improving life for underserved communities — with funding. This post is the first of three about these focus areas.

Marion Mollegen McFadden, Senior Vice President, Enterprise Community Partners

Editor’s note: In December, the New York Fed hosted a roundtable discussion as part of Investment Connection in Puerto Rico, a program that matches financial institutions and other capital providers with nonprofit and community development organizations working in Puerto Rico whose needs may qualify for credit under the Community Reinvestment Act. This guest column was contributed by one of the New York Fed’s community development partners in connection with that event. The views presented are the author’s alone and are offered to contribute to discussions on this topic.