Knowledge Exchange Platform (KEP) Workshop 3-Central Banking and Well-being-Intermediating Impact Making Missing Markets-Claire Kramer Mills
- 1. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Community Development and Well-being Claire Kramer Mills, Director of Community Development Analysis & Insights Federal Reserve Bank of New York The views expressed here are those of the presenters and do not necessarily represent those of the Federal Reserve Bank of New York or the Federal Reserve System. 1
- 2. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Outline o Brief history of Community Development and approach to well-being o Main tools: research & analysis, convenings & outreach o Examples of Community Development projects o Resources
- 3. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Brief History of Community Development 1970s –Federal Reserve Banks begin to develop staff to facilitate compliance of Fed- regulated banks with fair lending laws and the Community Reinvestment Act (1977) Evolved from narrower technical assistance to a wider focus on promoting community development by bringing stakeholders together and producing quality research to fill knowledge gaps and highlight investment opportunities “By serving as a neutral information broker, the Federal Reserve has helped to foster relationships among market participants and has promoted the development of new and innovative funding arrangements” -Governor Ned Gramlich
- 4. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Well-Being Focus Areas Health Household Financial Well-Being Risk and Resilience Capital Connections
- 5. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Tools Research and Analysis: We conduct original research that informs stakeholders, policymakers, and community members. We combine insights from our outreach with quantitative analysis of a variety of data sources. Outreach and Convenings: We bring together groups that may not otherwise meet in convenings ranging from small internal roundtables to large public events. We bring together policymakers, lenders, developers, philanthropies, researchers, community organizations, and more. We also participate in and speak at external conferences and events.
- 6. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Health Moving from “Who” to “How:” Scaling Effective Community Health Worker Programs (Roundtable) Digital Access Workshops for Northeastern States, Puerto Rico, and United States Virgin Islands (Workshop)
- 7. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Household Financial Well-Being The State of Low-Income America (Report) The Role of FinTech in Unsecured Consumer Lending to Low- and Moderate-Income Individuals (Report, Event)
- 8. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Risk & Resilience What's Possible: Investing Now for Prosperous, Sustainable Neighborhoods (Book) Flooding Impacts on Household Finances (Report, Focus Groups)
- 9. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint Examples from Capital Connections A Case Study of Pension Fund Investments in Multifamily Affordable Housing (Report, Event) Community Broadband as an Emerging Asset Class (Roundtable)
- 10. NONCONFIDENTIAL // EXTERNAL Restricted Use - À usage restreint 10 Thank you! Website: Community Development & Education Staff Contacts: Community Development Staff Email: [email protected]