Federal Reserve Chairman Ben S. Bernanke Speaks About Community Development

May 3, Washington, D.C.—Addressing the importance of community development for the first time since assuming the role of Federal Reserve chairman, Ben S. Bernanke spoke at Operation HOPE's Anacostia Economic Summit, stressing the importance of a comprehensive approach to revitalizing communities. [View Speech] "Success in community development requires a comprehensive approach--one based on the recognition that vibrant communities offer their residents not only a place to live, but also access to services, to community institutions, and to places to shop, work, and enjoy recreation as well," Bernanke said.

The chairman also noted the essential role of several community development corporations, calling for strategic collaboration among private, public and nonprofit organizations.

Related links:

• NeighborWorks Community Economic Development initiatives: Strategies to improve the economic well-being of residents of low- and moderate-income communities.
• Training in community economic development offered at the NeighborWorks Training Institute