Community Development & Engagement
We work with community and business leaders to address economic challenges and identify opportunities in low- and moderate-income and underserved communities.
Featured
Connecting With Communities: An Interview With Carrie Cook
Carrie Cook describes the role of the Federal Reserve System in the community development sector and how the Federal Reserve Bank of Richmond partners with communities to fulfill this role. Cook became the Richmond Fed's community affairs officer and vice president of community development in May 2022.
Bank’s Community Development Team Hosts Investment Connection Session in D.C.
The Community Development team recently hosted an Investment Connection Pitch Session to connect six organizations with CRA-eligible projects to potential CDFI funding.
Featured Work
2023 Investing in Rural America: Partnering for Success
Roanoke, VA
Register now for the 2023 Investing in Rural America Conference, which will be held April 11–12 in Roanoke, Virginia.
We’ll celebrate resilience in small towns and rural communities and share success stories from around our District and beyond.
Investing in Rural America 2022: Capacity Building
Greensboro, NC
This conference featured discussions with national experts, community leaders and Richmond Fed economists who shared their perspectives on key topics related to capacity building in rural communities and small towns.
Community Reinvestment Act
Reinvestment Act (CRA) was enacted by Congress in 1977 to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low-and moderate-income (LMI) neighborhoods.
Fed Communities
Fed Communities serves as an online gateway to information that address barriers to economic growth and promotes fair and informed access to financial markets. The community development materials housed here are provided by all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.