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CEDRIC's mission is to foster research related to community and economic development issues.

Community and Economic Development Research Information Center (CEDRIC)

CEDRIC's principal mission is to foster and document research related to community and economic development issues such as small business financial behavior, access to credit, affordable housing and community development and reinvestment.

Upcoming Events

Reinventing Our Communities Conference: Transforming Our Economies    

Join the Federal Reserve Bank of Philadelphia and its co-sponsors at the seventh biennial Reinventing Our Communities. This conference will explore building a transformative economy that enables low- and moderate-income communities to better connect people and place to capital. Read more on this and other upcoming events...

News

ProfitWise News and Views Issue Two

In this issue, we study the composition and growth/decline of bank branches in Seventh District states, examine obstacles to employment among the formerly incarcerated, and explore community land trusts as a means to address affordable housing shortages and gentrification. Read more...

Revisiting the Promise and Problems of Inner City Economic Development Presentations

Presentations from the Inner city Economic Summit, hosted by the W.E. Upjohn Institute for Employment Research, Economic Development Quarterly and Sage, the Federal Reserve Bank of Chicago and the Initiative for a Competitive Inner City (ICIC), have been published. The Summit featured a keynote address by Harvard Business School Professor Michael Porter, as well as a number of sessions highlighting new research and discussing practitioner experiences on various aspects of inner city business development. Read more...

Federal Reserve Introduces FedCommunities.org

This new portal provides single-point-of-entry access to hundreds of community development resources from across the System. Learn more about workforce development efforts, data on foreclosure mitigation across regions, and maps for use in stabilization efforts by visiting all thirteen external Federal Reserve sites. Read more...

Resources for Businesses and Growth in Detroit

The Community Development and Policy Studies (CDPS) Division works on a variety of projects to leverage resources for businesses in the Detroit region and support strategies to attract investment to the city. Read more...

A Look at Upstate New York's Subprime Mortgages in Foreclosure

Subprime mortgage conditions remain a concern upstate. Analyzing a subset of these loans, this report finds that six counties with large urban centers account for about half of the securitized, subprime residential first lien loans in foreclosure. Read more... 

Understanding the Securitization of Subprime Mortgage Credit

This paper provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Read more...