Community Development COVID-19 Resources
Our community development team collaborated to highlight these tools and publications from the St. Louis Fed and other organizations with the intention of providing assistance in the midst of the current pandemic.
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HOUSING
National Housing Conference — A listing of over 600 articles cultivated to assist homeless service providers, homeowners, the multifamily finance industry, nonprofits, property management, renters, the single-family mortgage industry and more regarding housing assistance.
National Low-Income Housing Coalition — Review recommendations regarding housing and homelessness during the pandemic, analysis of the CARES and HEROES Acts and a tool that provides an overview of housing needs for each state.
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FINANCE
Community Reinvestment Act (CRA) Consideration for Activities — The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency united to provide a joint statement on CRA considerations for activities in response to COVID-19.
Federal Reserve Main Street Lending Program — This program was created to support lending to small and medium-sized businesses that were in sound financial condition prior to the COVID-19 pandemic.
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SMALL BUSINESS
Small Business Administration (SBA) Loan Guidance — Business owners affected by the pandemic can discover funding options, recovery information, guidance, products and additional resources.
National Council of Nonprofits - PDF — Nonprofit owners can learn about the SBA loans available to them, as noted in the CARES Act.
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WORKFORCE DEVELOPMENT
U.S. Department of Labor — Workers and employers can find guidance on the best ways to prepare for the impact of COVID-19.
CareerOneStop Unemployment Benefits Finder — The Department of Labor compiled data on the process for filing for unemployment benefits in each state.
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FUNDING
St. Louis Community Foundation Regional Response Fund — St. Louis-area nonprofits that were affected by COVID-19 can apply to receive funding to sustain their organizations.
Community Foundation of Louisville Response Fund — Louisville-area nonprofits and individuals impacted by the pandemic can apply to receive financial support.
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HOUSEHOLD FINANCIAL STABILITY
“Parasite,” COVID-19 and U.S. Wealth Inequality — The Center for Household Financial Stability uses the South Korean film to provide insight on the spectrum of family wealth during the pandemic.
Which Families Are Most Vulnerable to an Income Shock such as COVID-19? — Families without enough "safe" assets and too much debt are at risk – who else should policymakers and others target for economic assistance?
Bridges is a regular review of regional community and economic development issues. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
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