Community Highlights
A Community Conversations visit to two counties in rural western Virginia showcased inviting landscapes that offer opportunities for economic growth.
Community development financial institutions have largely been successful in meeting strong demand for financial products over the past year, but a variety of challenges have constrained the ability of CDFIs to serve their communities more fully. This is according to the results of the Federal Reserve’s 2023 CDFI Survey, fielded April 24 through June 2.
Bank leaders spent time with leaders in Anne Arundel County in mid-July and Caroline, Talbot and Dorchester counties in mid-August.
The Richmond Fed's Community Conversations team discovered a similar focus on workforce development and affordable housing in two regions of South Carolina.
The Federal Reserve Bank of Richmond, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are sponsoring an in-person Community Reinvestment Act (CRA) training in Baltimore, Maryland on June 28, 2023, from 8:30 a.m. – 3 p.m. CRA 101 will cover basics for bankers only. The workshop is designed for new and less experienced CRA bank officers. Registration for the training is available through this link.
The Richmond Fed's Community Conversations team met with civic, manufacturing and agricultural leaders in Johnston County and Wilson, North Carolina recently.
Community Development Financial Institutions (CDFIs) are important to the communities they serve, and the Federal Reserve is conducting a survey to understand their challenges and opportunities. Carrie Cook, the Richmond Fed's Community Affairs officer and vice president of Community Development, shared why this matters in a recent Fed Communities blog post.
Richmond Fed Community Development leader Jason Smith co-chairs a national group of Federal Reserve leaders focused on understanding rural communities.
The Richmond Fed's Community Development team connected organizations on Maryland's Eastern Shore with potential funders during a recent Investment Connection program.
The Richmond Fed Community Development staff recently hosted a workshop for leaders of Community Development Finance Institutions (CDFIs) and for those eager to learn more about them.