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Cascade Briefs

Cascade Briefs

September 2014


New from Community Development Studies and Education (CDS&E)

Upcoming Events

Register for the first webinar of an upcoming series, At the Intersection of Education and Employment. The first webinar, “High School Dropout Reengagement,” which will be held on September 23, will focus on three leading initiatives that reengage young people who have dropped out of high school with both educational and workforce development assistance.

Save the date. On June 18–19, 2015, the Federal Reserve Banks of Cleveland, Philadelphia, and Richmond will host the 2015 Policy Summit on Housing, Human Capital, and Inequality in Pittsburgh, PA.

Publications & Resources

New publications and resources now available on the Community Development section of the Philadelphia Fed’s website include:

Social Media

Join the conversation on our new LinkedIn page and find the latest CDS&E news, events, and resources. For up-to-the-minute information, resources, and reports from the department and throughout the community development industry, follow us on Twitter.

New from the Federal Reserve System

Eric S. Belsky, Ph.D., has been appointed director of the Federal Reserve System’s Division of Consumer and Community Affairs. He previously served as managing director of the Joint Center for Housing Studies of Harvard University and as director of housing finance research at Fannie Mae. He has extensive experience conducting research on housing markets, housing finance, and housing policy.

The “2013 Survey of Consumer Finances,” a triennial cross-sectional survey of U.S. families conducted by the Board of Governors, reveals disparities in the evolution of income and net worth since the previous survey, which was conducted in 2010.

New and Revised Interagency Questions and Answers Regarding Community Reinvestment: Updates to Community Development Guidance” has been published in the Federal Reserve System’s Consumer Compliance Outlook. Subscription information and the latest issue of Consumer Compliance Outlook (Second Quarter 2014) are also available.

A “Report on the Economic Well-Being of U.S. Households in 2013,” issued by the Federal Reserve Board of Governors, provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face.

A new web portal, www.FedCommunities.org, provides access to hundreds of community development resources from all 12 Federal Reserve Banks and the Board of Governors. The resources are organized by people, place, the policy and practice of community development, and small business.

New from the Community Development Industry

The CDFI Fund issued a report and data focusing on 10 years of New Markets Tax Credit investments.

The Consumer Financial Protection Bureau issued a research report on payday lending.

In the inaugural round of the CDFI Bond Guarantee Program, the U.S. Treasury Department has guaranteed $325 million in new bonds that will provide long-term fixed-rate capital to several community development financial institutions (CDFIs).

A Consumer Financial Protection Bureau toolkit assists social services organizations in helping their clients set goals and build skills in managing money, credit, and debt. The toolkit is available in English and Spanish.

Upcoming Events

Rebuilding Homeownership Forum Southeastern PA
September 22

Transforming U.S. Workforce Development Policies for the 21st Century
October 15–17
Rutgers University
New Brunswick, NJ

Federal Reserve System Community Development Research Conference, Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy
April 2–3, 2015
Washington, D.C.
For information, contact economicmobility@stls.frb.org.