Community Development & Education

Community development is one of the Federal Reserve’s core functions as the U.S. central bank, rooted in the Federal Reserve’s mandates from Congress. Our Community Development team works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans.

We listen to better understand how economic conditions are impacting consumers and workers in urban, suburban, and rural communities across the Second District. We conduct research and share information to inform local efforts to promote economic opportunity. We convene and connect local stakeholders, including financial institutions, local nonprofits, and funders, to identify emerging issues and opportunities to collaborate.

Credit Access Report with graphs
Examining Credit Insecurity in the United States
EVENT | APRIL 16, 2025
On Wednesday, April 16, 2025, the Federal Reserve Bank of New York hosted a virtual event to present findings of the report “Credit Insecurity in the United States: 2018–2023” and the recently updated Credit Insecurity Index. A panel of experts and practitioners discussed the issue of credit insecurity, the findings of the report, and the uses of the index as a tool in their work.

The Case for Investments Over the Life Course
four images of severe environmental and weather impacts

Our efforts inform the Federal Reserve’s monetary policymaking and contribute to a strong economy and financial system, so people in every community have opportunities to participate and prosper. Learn more.

puzzle with missing pieces formed with words for education, health, housing, climate, digital equity, jobs, income, access to credit
Affordable Housing
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