Economic Crisis & Community Development Finance a Top San Francisco Fed Website Download
LIIF President & CEO Nancy O. Andrews contributed her views on the community development sector’s response to the Great Recession in the Federal Reserve working paper, The Economic Crisis and Community Development Finance. Ms. Andrews’ article appeared alongside a speech by Federal Reserve Board Chairman Ben Bernanke and articles by Mark Pinsky of Opportunity Finance Network, Paul Weech of Innovative Housing Strategies, LLC, Rick Cohen of the Nonprofit Quarterly and LIIF board member Ellen Seidman. Published by the Federal Reserve Bank of San Francisco Community Development Investment Center, the paper was one of the top downloads from the organization’s website over the past year.
In her article, “Strength in Adversity: Community Capital Faces Up to the Economic Crisis,” Ms. Andrews describes CDFIs as “first responders” in low income communities.
View a video of Ms. Andrews elaborating on this topic as part of the Federal Reserve Bank of San Francisco’s Inclusive Economic Recovery: A Policy Briefing Series.