For immediate release
Contact: Katherine Dibling, senior media representative, (215) 574-4119
Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia's Community Affairs Department today announced plans for Rethink. Recover. Rebuild: Reinventing Older Communities, a national conference that will be held Wednesday, May 12, to Friday, May 14, 2010, at the Hyatt Regency Philadelphia at Penn's Landing. Registration for participants is now open. See the agenda. (1.89 MB, 12 pages)
The fourth biennial Reinventing Older Communities conference will focus on reinventing older communities in the wake of the foreclosure crisis and the federal government's economic stimulus programs.
"This conference covers important community development issues and brings together some of the nation's leading policymakers, community developers, bankers, researchers, funders, planners, and government representatives," said Dede Myers, the Bank's vice president and Community Affairs officer. "We hope it will plant the seeds for the development of strategies that communities can use to recover from the financial crisis and rebuild. We also hope we can learn from our recent experience in order to prevent similar crises in the future."
The two-and-a-half day conference will cover such topics as foreclosure prevention, rethinking home ownership, the financial crisis facing cities and towns, the future of the Community Reinvestment Act, and reforming the housing finance system. For updates about the conference, follow Reinventing Older Communities on Twitter.
Sponsors include the William Penn Foundation, the Brookings Institution's Metropolitan Policy Program, the Ford Foundation, the University of Pennsylvania's Institute for Urban Research and the Wharton School, The Reinvestment Fund, the Federal Home Loan Bank of Pittsburgh, and the Local Initiatives Support Corporation.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.