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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
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  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
Community Development
& Education

Community Development & Education

CLIMATE

Flooding Impacts on Household Finances: Insights from Focus Groups in New York City

BY Dyvonne Body | May 16, 2024

The New York Fed’s Community Development team promotes economic growth and financial stability for low- and moderate-income communities and individuals. The latest white paper presents insights from focus groups conducted in 2023 with 31 New York City residents whose homes have flooded.

Climate

Book Launch: “What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods”

EVENT | May 17, 2024

Learn about What’s Possible, a collaboration of Enterprise, LISC, and the New York Fed. The book gathers the voices of leading climate and community development experts and offers practical solutions for clean energy, resilience, and equity, intended as a playbook for taking collective action to build a stronger, more inclusive future.

LEARN MORE | Register for event

HEALTH

The Case for Investments Over the Life Course

EVENT | May 30, 2024

On Thursday, May 30, 2024, the New York Fed will host a virtual event focused on investment strategies that address the social determinants of health, such as access to safe, sustainable housing; high-quality infrastructure; and a rewarding work and social life. The virtual event is the first of a planned series on ideas from around the world for place-based investments that address the social determinants of health.

Our Community Development team is focusing on three key areas: health, household financial well-being, and climate change. Learn more about our strategy, developed in collaboration with the Bridgespan Group, a leading social impact advisor, to connect emerging solutions with funding to foster racial equity and improve life for underserved communities.

Farmer using a laptop while sitting on tractor in farm field

Household Financial Well Being

Rural Innovation Done Right: Systemic Solutions for Rural Prosperity

EVENT | June 28, 2024

On Friday, June 28, the New York Fed, in partnership with the Rural Opportunity Institute and SVT Group, will host a hybrid event focused on case studies and strategies for tapping the economic potential of rural America. The event will feature rural innovators working to eradicate poverty in their communities.

Economic Education

Teacher Professional Development: Demonstrating Economics Is Integral to Life

BY Graham Long | May 9, 2024

Our free programs for educators reach almost 600 teachers a year. Through these professional development training and education programs, we demonstrate how economics is an integral aspect of history, civics and geography. In this article, we describe how economics provides tools students can use in class and in life.

The Role of Fintech in Unsecured Consumer Lending to Low- and Moderate-Income Individuals

Household Financial Well-Being

Examining the Origination and Sale of Loans by Community Development Financial Institutions

BY Jacob Scott, Maria Carmelita Recto, and Jonathan Kivell | May 8, 2024

The Community Development team's latest publication examines loan origination by Community Development Financial Institutions (CDFIs) for a four-year period ending in 2022. It quantifies the amount of CDFI loans sold during the same period, and the role played by the ten most active CDFIs in both loan volume and loan resale.

Our hope is that by identifying and elevating promising ideas that have the potential to make transformative changes, and by connecting those ideas with funding, we can begin to dismantle racism and poverty.

Household Financial Well-Being

Expanding Access to Capital for CDFIs

EVENT | May 14, 2024

On Tuesday, May 14, 2024, the New York Fed hosted a hybrid event focused on expanding access to capital for Community Development Financial Institutions. Speakers explored the current state of capital access for CDFIs, including origination and sale of loans by CDFIs; discuss the challenges and opportunities for the industry to expand; and give an overview of potential policy initiatives.

Series of four modern multifamily buildings on grass-lined street on a sunny day

HOUSEHOLD FINANCIAL WELL-BEING

Institutional Investors in Multifamily Affordable Housing

April 3, 2024

On Wednesday, April 3, 2024, the New York Fed hosted an in-person event focused on multifamily affordable housing, including insights into institutional investments in affordable housing by pensions, corporations, and impact investors. The event explored opportunities for market growth, barriers to investments, and the need for equity capital to finance affordable housing development and preservation.

Household Financial Well-Being

A Case Study of Pension Fund Investments in Multifamily Affordable Housing

BY Talor Crawford, Jonathan Kivell, and Maria Carmelita Recto | FEBRUARY 29, 2024

The New York Fed’s Community Development team is studying institutional investments in affordable apartments to understand how private capital investments may affect rents. Its latest publication is a case study that examines pension fund investments in affordable rentals, totaling over $2.7 billion during a five-and-a-half-year period ending June 2023.

‘Human capital’ means everyone from a toddler spooning applesauce in a house down a gravel driveway to a neurosurgeon finishing her coffee in a brownstone. What happens to our people determines the wealth of our nation. – David Erickson