Annual Report 2019 | Connecting Communities
The St. Louis Fed’s Investment Connection program brings together bankers, nonprofit organizations, foundations, and public and private funders to explore local community development initiatives—particularly those serving low- and moderate-income (LMI), distressed and underserved communities.
Investment Connection provides a platform for community and economic development organizations to exchange ideas and pitch Community Reinvestment Act (CRA)-eligible projects to financial institutions and other funders.
Interested organizations submit their proposals to the St. Louis Fed to determine CRA eligibility. Those with projects that meet the program’s guidelines—related to staffing and operational capacity—may have an opportunity to present their proposals to potential funders during live events. While securing funding is a critical aim, participants also get the chance to connect with other organizations that have missions supporting LMI communities.
Since the program’s inception in 2017:
All numbers are as of Jan. 31, 2020.
Community development financial institutions, banks, private foundations, government funding agencies and corporate funders are introduced through Investment Connection to high-impact community development proposals that are prescreened for CRA credit by St. Louis Fed consumer compliance examiners. All would-be funding partners have the capacity to invest, lend or provide services in support of CRA activities.
An important part of the Investment Connection program is ensuring that the projects seeking funding meet CRA requirements. Regulations define four categories for CRA-eligible purposes:
Through Investment Connection, participants get to learn more about the CRA and what funders look for in potential projects and partners.
The St. Louis Fed’s Community Development team provides outreach, training and networking opportunities to help organizations, bankers and other funders collaborate effectively. View more on how to get involved.
NOTE: The Federal Reserve Bank of St. Louis is not a grant-making organization. The purpose of its presenting the Investment Connection program is to facilitate education, information sharing and potential opportunities related to the CRA. The St. Louis Fed does not endorse or make any representations as to the propriety or suitability of the participating organizations, investments or programs. Organizations should perform their own due diligence before engaging in any transactions with these entities to ensure that any such transactions meet the organization's objectives.