The Community Development department of the St. Louis Fed identifies and addresses an expansive range of challenges confronting low- and moderate-income (LMI) communities in the Federal Reserve’s Eighth District.
We support the economic growth objectives of the Federal Reserve System by promoting community and economic development in these LMI communities, and fair and impartial access to credit in underserved markets.
Our department brings together financial institutions, nonprofits, public officials, government agencies, researchers and practitioners to stimulate ideas and share insights, and to collaborate on community and economic development initiatives.
We also assist financial institutions to understand their responsibilities under the federal Community Reinvestment Act (CRA).
Our goal is to strengthen our understanding of all the issues that affect development of strong, sustainable communities in our District.