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By Desiree Hatcher       November 26, 2018

Redeveloping communities across the country are facing gentrification and displacement pressures that threaten the well-being of low- and moderate-income residents. The pattern of gentrification and displacement is not always the same. Experts indicate that velocity is a key component. Once it is perceived that and area is an up and coming neighborhood, the velocity can be so rapid that it preclu... Read More

By Maude Toussaint-Comeau, Robin Newberger       November 6, 2018

Greater Chatham is a 15-square-mile area in the city of Chicago that includes the neighborhoods of Avalon Park, Auburn Gresham, Greater Grand Crossing and Chatham. For decades, the area has been an African-American middle-class neighborhood known for its attractive and quality homes built between 1920s and 1950s as part of Chicago's “bungalow belt.” However, like many other neighborhood... Read More

By Garvester Kelley, Josie Link       August 15, 2018

There is a role for Community Development Financial Institution (CDFI) presence and activity in smaller markets, where the needs of low- and moderate-income (LMI) communities are often no different than those in larger markets. With a mandate to understand the credit needs of all communities across the Seventh District, the Community Development and Policy Studies division of the Federal Reserve ... Read More

By Steven Kuehl       August 7, 2018

The Federal Reserve Bank of Chicago's Community Development division regularly holds economic development forums around the Seventh District that provide both a general economic overview and focus on topics of interest to stakeholders. On May 23rd, the topic was “Updates on the Midwest Economy & Data Driven Supervision and Fair Lending Risk Management.” Bill Testa, Vice Presid... Read More

By Jason Keller       July 24, 2018

Investing in people, places, and communities can produce positive returns and increase access to resources that create economic growth and prosperity. With this set of principles in mind, the Federal Reserve Bank of Chicago is cosponsoring “Reinventing Our Communities - Investing in Opportunity” a 2.5 day conference in Baltimore, Maryland from October 1-3, 2018. Through a combination of plenaries... Read More

By Emily Engel, Mark O'Dell       July 23, 2018

For the past four years, the Federal Reserve Bank of Chicago has distributed the Kansas City Federal Reserve's LMI survey to Seventh District constituents engaged in community development. Recipients of the emailed survey are active in the fields of real estate development, finance, financial counseling, economic development, banking, consumer advocacy, small business development, philanthropy, l... Read More

June 4, 2018

This month we are launching a new e-newsletter to create a comprehensive source for Community Development and Policy Studies news. This monthly email will highlight the latest community development publications (including ProfitWise News and Views), blogs, and upcoming events from the Federal Reserve Bank of Chicago and across the Federal Reserve System. Our intent with this new communications pl... Read More

By Emily Engel, Mark O'Dell       May 22, 2018

Thanks to the participation of over a thousand businesses across Illinois, Indiana, Iowa, Michigan and Wisconsin, the latest round of the nationwide SBCS1 provides fresh information about small business economic trends in the area served by the Federal Reserve Seventh District. One of the most notable findings is the predominance of older firms among survey respondents and the small numbe... Read More

By Jason Keller       May 14, 2018

The Federal Reserve Board of Governors (the Board) announced on April 16, 2018, that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Community Development and Policies Studies (CDPS) - a division of the Economic Research Department of the Federal Reserve Bank of Chicago-is working with the Board to source candidates f... Read More

May 1, 2018

In conjunction with National Small Business Week, the 12 Reserve Banks of the Federal Reserve System today launched a new website: Fed Small Business. This site will serve as a hub for the Reserve Banks' small business research, analysis and thought leadership. Fed Small Business includes content from the annual Small Business Credit Survey (SBCS), a national survey of small business owners that ... Read More

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