A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events, and perspectives to provide you with a deeper look into the work we do at the New York Fed.
Transforming Communities: What We Learned
At our December summit on community development finance, Transforming Communities: Driving and Assessing Investment, it became clear that organizations financing community development are at a crossroads.
Monthly Wrap‑Up: December 2017
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events and perspectives to provide you with a deeper look into the work we do at the New York Fed.
Transforming Communities: Driving and Assessing Investment
This Tuesday, December 12, the Local Initiatives Support Corporation (LISC) and the New York Fed will convene a summit on community development finance. Transforming Communities: Driving and Assessing Investment will advance critical dialogues around defining how community development finance tools can support under-resourced areas, determining the metrics to assess impact, and identifying opportunities for partnerships. Ahead of the conference, we asked senior leaders Denise Scott from LISC and Eric Belsky from the Federal Reserve Board about their views on these issues — from the perspectives of both the policymaker and the practitioner.
Monthly Wrap‑Up: November 2017
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events and perspectives to provide you with a deeper look into the work we do at the New York Fed.
On the Road Again: Syracuse, Ithaca, and Rochester Aim for a More Inclusive Economy
For our third regional visit of the year, we traveled to Syracuse, Ithaca, and Rochester. The stops on our trip varied widely — from visiting a drone accelerator site, to meeting with members working on an anti-poverty initiative. Throughout, we heard from community leaders about their efforts to address challenges, such as developing a strong workforce and tackling poverty. We also learned about the promising industries in their communities and their hopes for future growth.
CoDeFi: Our Efforts to Transform Communities
Promoting community development is an important function of the Federal Reserve System. Through a variety of programming and analysis, the New York Fed seeks to help advance economic mobility and resiliency of communities across the Second District. As part of that effort, we encourage capital providers to allocate funding to innovative, measurable, and impactful projects. This year, we’ve taken steps to formalize our work and create a new team in the Outreach & Education function focused on this space by launching the Community Development Finance initiative (CoDeFi).
Monthly Wrap‑Up: October 2017
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events and perspectives to provide you with a deeper look into the work we do at the New York Fed.
Credit Access: A Window Into Economic Well‑Being
Last week, we released the City of Rochester Credit Profile, a prototype report for assessing economic well-being at the neighborhood level. It’s based on our Community Credit framework, and to understand what’s new and why this is significant, we’ll take a step back and explain the framework first.
Monthly Wrap‑Up: September 2017
A recap of insights, analysis and discussions we don’t want you to miss. Each month we compile key highlights from selected publications, events and perspectives to provide you with a deeper look into the work we do at the New York Fed.