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Community Development

The Federal Reserve Bank of New York provides information and technical assistance to financial institutions, non-profit organizations and others on issues related to community development, economic development and access to credit and capital in low- and moderate-income communities.

Features

Foreclosure Resource Center An information resource to help communities, policymakers and other organizations involved in assisting distressed homeowners.

A Look at New Jersey’s Subprime Mortgages in Foreclosure The first article in the new series, Community Affairs Forum: Facts & Trends, reports New Jersey's ratio of subprime mortgages in foreclosure is the nation's fifth highest, which exceeds the U.S. figure. However, there is considerable variation within the state, with most foreclosure activity concentrated in a few groups of zip codes with low to moderate household incomes

The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S. In 2006, the Community Affairs Offices of the Federal Reserve System partnered with the Brookings Institution to examine the issue of concentrated poverty. The resulting report, The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S., profiles 16 high-poverty communities from across the country, including immigrant gateway, Native American, urban and rural communities. Through these case studies, the report contributes to our understanding of the dynamics of people living in low-income communities, and the policies that will be needed to bring both into the economic mainstream.

Credit Conditions in the United States This site provides data illustrating mortgage and credit conditions in the United States through dynamic maps and spreadsheets. There is detailed information on bank credit card delinquencies, mortgage delinquencies and nonprime mortgage conditions. Information is provided at zip code, county and state levels depending upon the variable.

Community Conditions in the Second District Describes economic conditions in areas of concentrated poverty in the Second District and innovative programs that address these conditions.

Financing Community Development: Learning from the Past, Looking to the Future Conference papers are now available from the Community Affairs Offices of the Federal Reserve System fifth biennial research conference held on March 29-30, 2007, in Washington, D.C. The papers focus on the factors governing the availability of credit and capital within a changing financial services environment.

County Economic and Demographic Data Series The County Economic and Demographic Data series provide a description of the demographic, education, income, employment and housing conditions for persons residing in 25 counties located in the Second Federal Reserve District. The information provided is based on Census data for 2000 to 2004.

Publications

A Financial Education Toolkit for College Administrators Helps campus administrators and financial professionals develop and implement financial education programs on college campuses. Get Financially Fit! 9 pages / 426 kb

A Financial Education Series for College Students Get Financially Fit! is a three-volume series with tips on how to manage your financial future. Topics include spending, saving, credit and identity theft. Vol. 1 The Warm-Up: Get Ready for the Financial Fitness Challenge! 2 pages / 212 kb Vol. 2 The Work-Out: Take the Financial Fitness Challenge! 2 pages / 538 kb Vol. 3 The Big Weigh-In: Take Financial Charge! 2 pages / 434 kb