This issue of Community Investments focuses on rural community and economic development issues, highlighting ways that practitioners and policymakers are shifting their efforts toward the development of local assets, such as building leadership and entrepreneurial capacity, and looking for innovative ways to leverage limited resources to build housing, improve infrastructure, and reduce poverty.

VOLUME NINETEEN NUMBER 1
Special Issue on Rural Community and Economic Development

Inside this Issue
Addressing Community and Economic Development in Rural America:
Trends, Challenges, and Opportunities...................................................................3
Si Se Puede:
Developing Farmworker Housing in the 12th District.............................................9
Lending for Rural Development Projects:
Infrastructure, Community Facilities, and Affordable Housing.............................13
Morphing Rural Community Development Models:
The Nexus between the Past and the Future.........................................................16
Native Community Development Financial Institutions:
Building a Foundation for Strong Native Economies............................................21
Big Lessons from Small Rural Communities:
Working to Reduce Poverty Long Term................................................................24

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This publication is produced by the Community Development Department of the Federal Reserve Bank of San Francisco. The magazine serves as a forum to discuss issues relevant to community
development in the Federal Reserve’s 12th District, and to highlight innovative programs and ideas that have the potential to improve the communities in which we work.

Visit Community Investments Magazine, Spring 2007 Website

Community Development Department
Federal Reserve Bank of San Francisco
101 Market Street, Mail Stop 640
San Francisco, CA 94105
www.frbsf.org
(415) 974-2765 / fax: (415)393-1920

Download Community Investments Magazine, Spring 2007

PDF format, 1.5MB, 32Pages

CI Notebook
by Joy Hoffmann, Group Vice President

The more things change, the more things… change! I’d like to take this opportunity to announce some shifts within the San Francisco Federal Reserve Bank’s Community Development Department. After over 10 years with the Fed, with the last two as Community Affairs Officer, Jack Richards moved on in February to pursue his entrepreneurial goals. Throughout his career, Jack played a significant role in establishing innovative programs in our District, and he recruited and mentored a stellar team. Jack will be missed by all of us, and we want to thank him for his many contributions to the department and offer best wishes in his new endeavors.

It is also my pleasure to announce that Scott Turner has been named Director and Community Affairs Officer for the Fed’s 12th District. He came to the Bank in 2002 as a Community Affairs Specialist, then assumed management of the Community Development staff and was instrumental in establishing a community development research team.

Before joining the Fed, Scott was an Executive Director at Morgan Stanley in New York City, and prior to that served as the Deputy Commissioner for Policy for New York City’s Housing Department.

In this issue of Community Investments, you’ll read about the changes that are taking place in rural areas in the 12th District and beyond. Whether on native lands or in small towns, rural community and economic development efforts are starting to focus on the development of internal assets, such as building leadership and entrepreneurial capacity, and practitioners and policy-makers are increasingly looking for innovative ways to leverage limited resources to build housing, improve infrastructure, and reduce poverty.

We hope that the initiatives highlighted here will spark further thought and discussion on how public, private, and nonprofit organizations can better reach remote and underserved areas to help support sustainable community and economic development strategies.

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