Community Development

The resources accessible on this page—articles, events, data, and links to outside organizations—were chosen for their relevance to community development and community reinvestment issues, particularly in the Fourth Federal Reserve District. These resources reflect the compendium of research and outreach efforts undertaken by the Federal Reserve Bank of Cleveland. For more information on community development, to learn about our applied research efforts, or to contact a member of the Federal Reserve Bank of Cleveland’s Community Affairs Office, check out the links at right.

The Foreclosure Resource Center

This online resource will serve both as a central portal for the Federal Reserve Bank of Cleveland’s work on foreclosure, as well as a means of sharing tools and resources available nationally and regionally with homeowners and community development groups dealing with this issue. Read more

Events

Publications

Behind the Numbers

Offers analysis of current data.

CR Report

Provides information about community reinvestment issues and practices.

  • 30th Anniversary of the Community Reinvestment Act (PDF)
  • Microenterprise: Creating Wealth for Individuals and Communities (PDF)
  • A Path to Housing Opportunities: Cincinnati Lending Analysis (PDF)
  • 2003 Environmental Assessment Survey (PDF)
  • Financial Education: What is it and What Makes it So Important? (PDF)

CR Forum

Special reports cover topics pertinent to the Fourth District, including financial education, predatory lending, microenterprise, and immigration trends.

  • 2006 Policy Summit Keeps Spotlight on Poverty (PDF)
  • Financial Education: Is it Making a Difference? (PDF)
  • Individual Development Accounts: An Endangered Wealth Creation Strategy? (PDF)
  • Engines of Growth: Why Low-Income Communities Need Small Business (PDF)
  • The New Markets Tax Credit Program: Will it Live Up to Its Potential? (PDF)

Applied Research by Topic

Consumer Finance

Community Development Pros Discuss Consumer Finance Policy Change at Cleveland Fed Policy Summit
Nearly 250 community development professionals attended the Federal Reserve Bank of Cleveland’s Sixth Annual Community Development Policy Summit, Consumer Finance: Crossing the Divide, on June 11 and 12. Read more
The 2008 Community Development Policy Summit
Accompanying Graph
Join us for the 6th annual Community Development Policy Summit, to be held June 11 and 12 at the Cleveland Marriott Downtown at Key Center. Read more
Payday and Predatory Lending Seminar
This research seminar featured two papers on payday lending and two papers on predatory lending. Presenters included Paige Skiba (Vanderbilt), Adair Morse (University of Chicago), Philip Bond (Wharton), and Anthony Pennington-Cross (Marquette). Read more
State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement
Subprime mortgage lending has grown rapidly in recent years and with it, so have concerns about predatory lending. In response to evidence of predatory lending, most states have enacted new laws or expanded existing laws to address abuses in the subprime home loan market. The effect of these statutes is a matter of debate. (PDF)
See all Consumer Finance

Financial Literacy

Credit Scoring and Access to Credit
Presentation by Glenn Canner (Senior Advisor, Board of Governors of the Federal Reserve System) 2008 Community Development Policy Summit (PPT)
Payday Holiday: How Households Fare After Payday Credit Bans
Presentation by Don Morgan (Research Officer, Federal Reserve Bank of New York) 2008 Community Development Policy Summit, "Regulating the Growing Payday Lending Market" (PPT)
Better Choice for Pennsylvania Borrowers
Presentation by Keith Welks (Deputy State Treasurer for Fiscal Operations, Pennsylvania Treasury Dept.) 2008 Community Development Policy Summit, "Regulating the Growing Payday Lending Market" (PPT)
Web-based Foreclosure and Loss Mitigation Communications Platform
Presentation by Brian Cosgrove (President, Just Price Solutions) 2008 Community Development Policy Summit, "Innovative Approaches to Mortgage Lending and Credit Building" (PPT)
See all Financial Literacy

Foreclosure

Ohio Vacant Properties Forum II: Highlighting Best Practices in Foreclosure Prevention and Redevelopment Strategies
Co-sponsored by the Federal Reserve Bank of Cleveland. This second of two statewide forums held by ReBuild Ohio (the first was convened in 2005) will focus on best practices, policy recommendations, and legislative updates. Additional discussion topics will include land banking, foreclosure prevention approaches, and addressing vacancy and abandonment. Read more
A Look at Foreclosure Filings in Cuyahoga County
Northeast Ohio’s Cuyahoga County, home to the city of Cleveland, has been called the epicenter of the nation’s foreclosure crisis. While effects of the crisis are being felt in regions across the country, Cuyahoga County has consistently been listed at or near the top of areas hit hardest by foreclosure. Why? Read more
Web-based Foreclosure and Loss Mitigation Communications Platform
Presentation by Brian Cosgrove (President, Just Price Solutions) 2008 Community Development Policy Summit, "Innovative Approaches to Mortgage Lending and Credit Building" (PPT)
Boston’s Anti-Foreclosure Campaign
Presentation by Evelyn Friedman (Chief of Housing and Director, Dept. of Neighborhood Development, City of Boston) 2008 Community Development Policy Summit, "Coping with Foreclosed Properties" (PPT)
See all Foreclosure

Vacant Properties

Ohio Vacant Properties Forum II: Highlighting Best Practices in Foreclosure Prevention and Redevelopment Strategies
Co-sponsored by the Federal Reserve Bank of Cleveland. This second of two statewide forums held by ReBuild Ohio (the first was convened in 2005) will focus on best practices, policy recommendations, and legislative updates. Additional discussion topics will include land banking, foreclosure prevention approaches, and addressing vacancy and abandonment. Read more
See all Vacant Properties