Contents (each article available in PDF)
- Alternative Mortgages:
Managed Risk or Gamble?
by Andrew Olszowy, Federal Reserve Bank of Boston
Alternative mortgages may increase flexibility for lenders
and consumers, but they also add risk. The best advice
for all parties is to learn as much as possible about
these tools and proceed
- Economic Revitalization
through the Arts
by Beate Becker, former director, New England Creative
Whether artists' lofts lure tourists or graphic designers
enhance manufacturing, the benefits of the creative
economy are everywhere. Today New England is learning
the value of fully integrating
this source of growth into economic-development agendas.
- Starting a Community
Development Bank in New Haven
by Peggy Delinois Hamilton, Yale Law School
With their ability to attract socially conscious investors
to a community bank and provide tax deductions, nonprofits
could become increasingly pivotal in making financial
to low- and moderate-income communities.
- Helping the Elderly
with Daily Money Management
by Richard A. Hylan, Massachusetts Money Management
In 1991, 30 Massachusetts nonprofits approached AARP
and the Office of Elder Affairs about providing money-management
assistance to seniors. The resulting program helps roughly
1,200 clients per month to handle their finances with
- Recycling Urban Vacant Land
by Rosalind Greenstein and Yesim Sungu-Eryilmaz, Lincoln
Institute of Land Policy
Vacant, abandoned, and contaminated properties in urban
areas can provide opportunities for neighborhood transformation- even
new jobs. Examples in the Northeast show that sometimes
all it takes to get the ball rolling is a group of visionary
- Breaking New Ground
First Person with Denise Nappier, State Treasurer of
Connecticut law allows consideration of the social,
environmental, and economic impact of state investments.
Treasurer Nappier explains how focusing on a "double
bottom line" has
improved the state's financial health.
- Mapping New England: High-Priced
by Ricardo Borgos, Federal Reserve Bank of Boston
- News From the Bank
Home Mortgage Disclosure Act Update
by Julia Reade, Federal Reserve Bank of Boston
- Recovering from Military-Base
by Antoniya Owens, Federal Reserve Bank of Boston
Although some challenges facing communities affected
by base closures are unique to each situation, successful
redevelopment strategies share three critical features:
partnerships; creativity and flexibility; and persistence.
The author considers several cases in New England.
Articles may be reprinted if Communities & Banking and
the author are credited and the following disclaimer is used: "The
views expressed are not necessarily those of the Federal
Reserve Bank of Boston or the Federal Reserve System. Information
about organizations and upcoming events is strictly informational
and not an endorsement."