Community Investment Explorer

On this page: About | Regional Maps | Use Cases | Data | Definitions | Calculations | Downloads | Notes

Community Investment Explorer (CIE) is an interactive tool for examining the distribution of community and economic development capital at the state, regional and neighborhood levels. Use the dropdowns on the U.S. map below to filter data by geography, program and capital funding measure. Hover over an area to view additional information.


More ways to view the data: 

About CIE

CIE includes more than 3 million transactions totaling over $2.2 trillion in community and economic development capital from nine federal programs (see notes) over a five-year period, primarily 2018-22. Data are based on the location of the project or the recipient of the funds (e.g., the affordable housing development, small business owner or consumer), not the capital provider. The tool has a variety of measures by which to compare metro areas and the rural portions of states. CIE also allows users to examine the distribution of capital and trends in low- and moderate-income neighborhoods.

State, Regional and Neighborhood Data on Community Capital

A deeper look at capital flows by neighborhood is available for the following Eighth Federal Reserve District metro areas:

 

Ways to Use the CIE Tool

Use the CIE tool to better understand your community, inform decisions and allocate your resources more effectively.

An infographic highlights six potential use cases for the community investment explorer tool. Description follows.

Data Sources

To generate estimates based on the low- and moderate-income (LMI) neighborhood characteristic, CIE merges census tract-level identifiers from the capital flows datasets with demographic and socioeconomic data from the Federal Financial Institutions Examination Council (FFIEC) 2024 Census Flat File, which primarily draws from the 2018-22 American Community Survey. For additional information, see the associated FFIEC documentation.

The tool combines these data with the core-based statistical area, metropolitan division and combined statistical area delineation files (updated July 2023) to generate corresponding metropolitan statistical area (MSA), micropolitan statistical area (micro area) and rural area (neither an MSA nor micro area) information. To generate population estimates for MSAs and micro areas, the tool merges data from the U.S. Census Bureau’s 2023 population estimates with the capital flows data. To generate population estimates for LMI areas, it utilizes population estimates from the FFIEC 2024 Census Flat File.

All capital flows are based on the 2020 census tract boundaries. When necessary, census tracts have been converted to 2020 boundaries using the IPUMS National Historical Geographic Information System 2010-20 Census Tract Crosswalk and population weights. The exception is Low-Income Housing Tax Credit data, which are weighted by housing units.

Neighborhood names, which are visible in the regional maps and the downloadable dataset, are based on data from Google Maps and were acquired via Opportunity Atlas.

Definitions

Census tract: Census tracts are small, relatively permanent statistical subdivisions of a county or equivalent entity that are updated by local participants prior to each decennial census (every 10 years). They generally have a population of 1,200 to 8,000 with an optimum size of 4,000 people.

Community Reinvestment Act (CRA): A 1977 U.S. federal law that encourages financial institutions to help meet the credit needs of communities in which they operate, including low- and moderate-income neighborhoods.

Core-based statistical area (CBSA): Term that refers to metropolitan statistical areas and micropolitan statistical areas collectively.

Low- and moderate-income (LMI): Census tracts in which the median family income is below 80% of the area median income.

Metropolitan statistical area (MSA): Geographic area defined by the Office of Management and Budget that includes at least one urbanized area of 50,000 or more inhabitants.

Micropolitan statistical area (micro area): Geographic area defined by the Office of Management and Budget that includes at least one urban cluster of at least 10,000 but fewer than 50,000 inhabitants.

Statewide rural: The portions of a state outside core-based statistical areas.

Calculations

Annual average in all tracts: Per-year average funding amount in all the census tracts of a given region over the five-year period (2018-22) in which data was collected and analyzed.

Annual average in LMI tracts: Per-year average funding amount in LMI census tracts of a given region over the five-year period (2018-22) in which data was collected and analyzed.

Funding-to-population ratio in LMI tracts: Percentage of a region’s total funding or investment that goes to LMI census tracts compared with the percentage of the region’s overall population living in those same LMI census tracts.

Per capita annual average in all tracts: Per-year average funding amount per person for a given region.

Per capita annual average in LMI tracts: Per-year average funding amount per person living in a region’s LMI census tracts.

Share of funding in LMI tracts: Percentage of funding in a region’s LMI census tracts divided by the total amount of funding a region received.

Data Download

Files available for download: