About Community Development

Main street in a town

The Community Development division identifies and addresses a broad spectrum of challenges confronting low- and moderate-income communities in the Federal Reserve’s Fifth District.

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; (2) strengthen community development banks and other CDFIs; (3) develop capacity in nonprofit community based organizations and targeted communities; and (4) provide financial education and financial resources to LMI individuals.

Our Mission

The mission of the Community Development 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.


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

Contact Us


Community Development
(804) 697-8434