The Consumer and Economic Development Research and Information Center (CEDRIC) is a new public communications web site launched by the Federal Reserve System. The site provides timely information about major events and publications related to consumer, community and economic development issues across the country. Useful features of CEDRIC include web links to each of the 12 Reserve Bank sites, from which you can download regional consumer and economic development information and access research articles, working papers, studies and Community Affairs publications. You can find CEDRIC on the web at www.chicagofed.org/webpages/region/community_development/cedric/index.cfm.
Communities in several parts of the United States have conducted or are beginning Mortgage Credit Partnership (MCP) projects to help ensure equal access to credit. Leading such an effort can be both a challenging and rewarding opportunity. It requires a level of commitment reserved for true community leaders. You are invited to assume that leadership role by initiating an MCP project and bringing together the local pieces of the home-buying process in your community. A step-by-step resource guide that will help you form and host this type of project is now available. For a copy of the resource guide and brochure that describes the MCP process, contact the Federal Reserve Bank of St. Louis at (314) 444-8761.
1st Source, a new Internet site, is designed to help you find resources for affordable housing, business development, community infrastructure and agribusiness. 1st Source users can describe their projects by clicking on specific characteristics, such as the type of project, the kind of financial or technical assistance needed and the project location. 1st Source will then locate grant and loan programs and other resources that fit those characteristics and provide a brief, one-page summary. If a program looks promising, users can contact the agency through the Internet link, telephone number or address provided. The new site, developed by the Federal Reserve Bank of Kansas City, can be accessed at www.1stsource.com/.