San Francisco Federal Reserve Bank > Update from Community Development

Nice to get these updates - here they are:

An update from Community Development at the SF Fed​

Recently I received an email from a child care provider asking me if I wanted to remain on their waiting list. It sounds standard enough, but this email arrived nearly four years after I put my name on the list, back when I was pregnant and anxious to find a quality, affordable child care option. My struggle with long waiting lists isn’t unique, nor were the conversations I had with my husband about whether one of us would have to leave the workforce to care for our son. The experience does, however, strengthen my commitment to our new initiative, Investing in the Future of Child Care, which launched last month with a series of webinars examining the child care market from a variety of angles. If you missed the live sessions, you can watch the recordings. And be sure to check out Bina Shrimali’s research brief that explores the importance of child care to the economy. And it’s been a busy few weeks on top of that. Here’s what else we’ve been up to:   Exploring the Impact of COVID-19 on Housing Stability Elizabeth Mattiuzzi and Eileen Hodge published a research brief that explores issues facing low- and moderate-income renters, homeowners, and small “mom and pop” landlords in the Twelfth Federal Reserve District.   Telling Stories of Resilience, Social Mobility, Dedication, and Community In partnership with Pink Box Stories, Bina Shrimali published a new Community Close-Up that centers the voices and experiences of “donut kids”—a term coined by the children of Cambodian-American donut shop owners to acknowledge their shared identities growing up in and around donut shops.   Promoting Racial Equity and Health through Community Development Laura Choi joined Maurice Jones, president and CEO of LISC, for a conversation on racial equity in the context of community development. Their conversation was part of the LISC Phoenix 2020 Virtual Awards Ceremony, which also celebrated the creation of a new Arizona affordable housing fund in which Joselyn Cousins played a role. And Bina Shrimali presented research at Racism, Health, and the Economy hosted by the National Association of Regional Councils. We’re also pleased to announce the promotion of Bina Shrimali to research manager. With that change, we’re searching for a new senior researcher to join our team. Check out the job posting and apply here.  And finally, scroll down to explore upcoming events you won’t want to miss and some important updates from the Federal Reserve System.  Stay safe! Laurel Gourd Communications Strategist, Community Development Federal Reserve Bank of San Francisco       Upcoming Virtual Events   Racism and the Economy: Focus on Employment November 17 at 10:00 a.m. PT Racism forms the foundation of inequality in our society. It limits opportunity for people of color and threatens the health of our economy. On 11/17, SF Fed President Mary Daly joins community, business, and academic leaders to discuss the economic impact of racism in the workforce. Topics to be covered include occupational segregation, discriminatory practices, and employment law. Explore the agenda and register today.  This event is part of the Racism and the Economy series hosted by the Federal Reserve Banks of Atlanta, Boston, and Minneapolis.      The New Future of Work: Future of Cities November 23 at 10:00 a.m. PT As new remote work options decouple employees from their employers’ physical locations, what becomes of city centers across the country? Does the divide between urban and rural communities narrow or widen? What will happen to onsite essential workers and small businesses? Join Mary Daly on 11/23 as she explores these questions and more with Keisha Lance Bottoms, Mayor of Atlanta, Georgia; Earvin "Magic" Johnson of Magic Johnson Enterprises; Lauren McLean, Mayor of Boise, Idaho; and Enrico Moretti of UC Berkeley's Department of Economics. Register today and submit your questions. This event is part of The New Future of Work series. Missed the first discussion? Watch the recording of The New Future of Work: Remote Work.      Updates from the Federal Reserve System   Help Shape the Future of the Community Reinvestment Act Systemic barriers to credit and financial services continue to hold many communities back. The Federal Reserve Board recently issued an Advance Notice of Proposed Rulemaking on how we can modernize the regulations that implement the CRA. Public comment on the proposal is open—and it’s time to make your voice heard. Learn more.     Perspectives from Main Street: October 2020 Survey Results The latest Perspectives from Main Street report summarizes findings from the October round of the Federal Reserve’s ongoing survey of communities. The majority of respondents said COVID-19’s impacts on a range of issues — from employment and education to basic consumer needs and health — got modestly or significantly worse since August, and over half of respondents expect it will take longer than a year for economic conditions in their communities to return to pre-pandemic levels. Read the full report.     Main Street Lending Program The Federal Reserve Main Street Lending Program keeps credit flowing to small and mid-sized businesses and nonprofit organizations that were in sound financial condition before the coronavirus pandemic but now need financing to maintain operations. Looking for more information? Ready to apply for a loan? Interested in registering as a lender? Visit the Main Street Lending Program website for answers to your questions, program updates, and resources for borrowers and lenders.     SF Fed COVID-19 Resource Hub Our resource hub makes it easy to find information about Fed actions and guidance in response to COVID-19 and related resources from the San Francisco Fed.