On June 18, 2013, the Federal Reserve Bank branches of Richmond, Cleveland, Philadelphia, and Chicago-Detroit hosted a video-conference that brought together community development practitioners and policymakers to discuss the strategies in each city to bring in new residents, retain existing households, and to provide economic opportunities for all residents. The challenges facing many o... Read More
The Federal Reserve Bank of Chicago's Community Development and Policy Studies division will host a discussion about Investing in What Works for America's Communities on Monday, June 17, 2013. Although registration has exceeded capacity for this gathering, you can join us for the discussion. Follow us on Twitter @whatworksforusa, or @chicagofed and include the hashtag #whatworks i... Read More
This blog is a summary of Community Development and Policy Studies topics in the Seventh District from the latest CDPS Survey. According to the latest CDPS survey: Many issues still impact the housing market in the Seventh District, especially in low- and moderate-income communities (LMI). Contacts mentioned that the oversupply of vacant homes, the number of underwater mortgages (unpaid bal... Read More
A large body of research and evidence demonstrates inextricable linkages between economic success and physical and mental wellbeing in communities. People who live in economically challenged areas endure more stress and demonstrate higher levels of mental illness, are more prone to serious and earlier onset of disease, and live shorter lives, irrespective of genetic predispositions. ... Read More
Recently, the news media have been discussing an uptick in the housing market. We document some of the positive effects we have seen in the Seventh District in a series of Foreclosure Graphs, shown here and available on our Foreclosure Resource Center website. Start rates, which measure the pace at which homes enter foreclosure, have come down significantly. This is a... Read More
This blog is a summary of Community Development and Policy Studies topics in the Seventh District from the latest CDPS Survey. According to the latest CDPS survey: The biggest issue impacting the health of housing markets in the Seventh District, especially in low- and moderate-income communities (LMI) is the oversupply of vacant homes. Additionally, conta... Read More
On January 30, 2013, the Chicago Fed hosted a conference organized by the Woodstock Institute and other partners in the Regional Home Ownership Preservation Initiative (RHOPI) entitled, “Single-Family Rental Housing: Managing the Next Step of the Foreclosure Crisis”, which focused on Chicago's affordable rental housing market (single-family to 50-unit buildings). RHOPI, a multi-year prog... Read More
Brief History on Green Bay Green Bay is the oldest settlement in Wisconsin.1 Settled by the French in the 17th century due to its strategic location at the junction of the Fox and Wisconsin Rivers. Green Bay is also a Lake Michigan port and connects, via the Fox and Wisconsin Rivers to the Mississippi River, and, ultimately the Gulf of Mexico. Established as a trading post for f... Read More
Followers of the Community Development and Policy Studies blog will be interested to learn that the Detroit Branch of the Chicago Fed has launched a blog that focuses on the Michigan Economy. This blog will serve as a portal for our numerous activities concerning Michigan, ranging from economic analysis to community development and economic education. Moreover, the Michigan Economy blog w... Read More
During the past year, the Federal Reserve Bank of Chicago's Community Development and Policy Studies division has been studying the changing financial landscape of Detroit and its implications for access to financial services and lending to small businesses in the city's low- and moderate-income neighborhoods. As documented in the study, in the city of Detroit, the number of banks, both l... Read More
