Who We Are

Working with financial institutions, public and private organizations, and community leaders, we offer innovative strategies and technical assistance that is grounded in practical experience and applied research.

What We Do

We work to (1) stabilize and revitalize communities impacted by foreclosures; (2) strengthen community development banks and other CDFIs; (3) develop leadership in the community development industry and targeted communities; (4) inform consumers about new financial innovations and their benefits and risks; and (5) promote fair, impartial and increased access to credit.

Our Mission

The mission of the Community Affairs Department at the Federal Reserve Bank of Richmond is to support the economic growth objectives of the Federal Reserve Act by working with public and private partners to resolve credit and development issues in low- and moderate-income communities.

Our Vision

To be a recognized leader in expanding community economic development opportunities.

Community Development Advisory Council (CDAC)

The Federal Reserve Bank of Richmond created the Community Development Advisory Council (CDAC) to increase communication between the Fed and the public concerning community issues. The CDAC keeps the Federal Reserve informed of community development issues and conveys to the Bank's Fifth District constituency information on monetary, consumer, and banking policy.

Contacts

The Community Affairs Staff is available to answer your questions and provide information about community development in the Fifth District.