Community development financial institutions (CDFIs) have provided financial relief through COVID-19. Results from the Federal Reserve's COVID-19 CDFI Survey shed light on their current state.
Investment Connection is a program that introduces public and private funders in the regions served by the Federal Reserve Bank of Richmond to proposals from community-based organizations and small businesses that benefit low- and moderate-income, distressed and underserved communities.
Richmond Fed Community Development hosted its first-ever virtual pitch session for Investment Connection on June 2 with eight nonprofit organizations throughout Virginia.
Investment by community development financial institutions (CDFIs) varies by county and between urban and rural areas.
The Richmond Fed’s Baltimore Branch hosted this live event where eight organizations in Maryland and the District of Columbia presented their funding proposals.
The Richmond Fed led a networking breakfast at the Opportunity Finance Network Annual Conference to connect community development financial institutions leaders with Fed representatives.
The Richmond Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation cosponsored this training for 40 bankers.
This report explores differences in community growth and income by analyzing indicators of access and health in the credit economy from 2007-2017.
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