Center for Community Development Investments

The Federal Reserve Bank of San Francisco

Welcome to the Center for Community Development Investments, an online clearinghouse of investment resources that also encourages collaboration, innovation and research in the community development investment industry. The Center is sponsored and staffed by the Community Development Unit of the Federal Reserve Bank of San Francisco with direction from an Advisory Committee of industry practitioners and researchers.

Highlights


	Community Development Financial Institutions: Challenges and Opportunities Speech by Chairman Ben S. Bernanke at the Global Financial Literacy Summit Washington, DC Wednesday, June 17, 2009

	Working Paper Series: May, 2009 The Economic Crisis and Community Development Finance: An Industry Assessment :: Mark Pinsky, Nancy Andrews, Paul Weech, Ellen Seidman, Rick Cohen

	*Community Development Investment Review* Vol. 5; No. 1: Real Estate Owned Barclays Capital estimates that as of November 1, 2008, mortgage lenders and investors held 871,000 REO properties–up from 414,000 a year earlier. That inventory is expected to peak around 1.4 million in mid-2010. For communities that experienced rapid housing appreciation, the REO fallout has been particularly acute. Yet from a community development standpoint, the large inventory of REOs offers an unprecedented opportunity to increase the nation’s stock of affordable housing. Community organizations and housing authorities across the country have been exploring ways to acquire REO properties and make them available to low-income homeowners and renters.

	Revisiting the CRA: A Policy Discussion Washington, DC Tuesday, February 24, 2009

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