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Friday, April 1, 2011

Free NWA Courses

NeighborWorks America is offering five community stabilization-related e-learning courses free of charge (normally $195) until Sept. 30, 2011. The FDIC has provided a grant to make this possible. Courses usually require 3-4 hours and may be completed over a 60-day period. Choose from the following:

  • Community Stabilization: An Introduction to REO Acquisition, Rehab, Disposition and Management
  • Fundamentals of Asset Management
  • Counseling Buyers of REO Properties
  • Counseling Clients Seeking Rental Housing
  • Stabilizing Neighborhoods in a Post-Foreclosure Environment

Register today at

2011 Innovation Award

During the 2011 Exploring Innovation Conference in St. Louis, the Innovation Award will be presented to a community development corporation (CDC) that recognizes the green economy as an important aspect of the future of community development and has demonstrated a commitment to fund initiatives promoting affordable green building or green job creation. The winner will receive a full scholarship provided by NeighborWorks America to one of their Training Institute education programs, including travel, lodging and tuition (a $2,500-$3,000 value). Additionally, the Federal Reserve Bank of St. Louis will provide the recipient with a full scholarship, including travel and lodging, to attend and receive the award at the conference (May 9-11, 2011) at the Chase Park Plaza hotel. For more information, contact Daniel Davis at the St. Louis Fed ( or 314-444-8308).

Economist Glenn Loury Shares His Views

During a visit to the Federal Reserve Bank of St. Louis, economist Glenn Loury from Brown University was interviewed and expressed his opinions on a variety of topics he has researched. Some of the topics he addressed are affirmative action, social capital and incarceration. You can view a video of this very interesting interview at

CD Finance Competition at the 2011 Exploring Innovation Conference

The Community Development Finance Competition is an academic research and writing competition sponsored by the Federal Reserve Banks of Atlanta, Dallas, Minneapolis and St. Louis in conjunction with the 2011 Exploring Innovation conference, to be held May 9-11 in St. Louis. Students from the partnering Federal Reserve Districts submitted an academic research paper with recommendations to advance the New Markets Tax Credit program. Those with the best proposals will present their recommendations as a panel at the conference, and the winner will be revealed, qualifying for a summer internship—the "Fed Prize"—at his or her choice of the Minneapolis or St. Louis Feds. Questions regarding the competition may be addressed to Daniel Davis at the St. Louis Fed ( or 314-444-8308).