The Federal Reserve’s Community Development department gives financial institutions, community-based organizations and government entities the tools they need to effectively address community development issues affecting low- and moderate-income individuals and communities.
To help us accomplish that goal, last fall the St. Louis Fed’s Community Development department launched a low- and moderate-income (LMI) survey that gathers information from a wide array of community stakeholders across the Eighth Federal Reserve District. The aim was to gain a better understanding of the challenges and economic well-being of LMI individuals and communities.
An analysis of the responses revealed a few key findings:
The full report is available at www.stlouisfed.org/community_development/LMI_survey. In the future, the St. Louis Fed plans to conduct its LMI survey biannually, with results reported online.
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Fed in Print: An index of the economic research conducted by the Fed.
FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.