Each of the 12 Federal Reserve Banks maintains a Community Affairs office to work with depository institutions and the public to identify local credit needs and develop innovative ways to address those needs. The Community Affairs staff provides information about successful initiatives and programs for community reinvestment, small business lending, affordable housing finance, and rural and economic development issues.
Richard C. Walker, III
Senior Vice President and Community Affairs Officer
Richard Walker has over three decades of experience in business and community development in Boston. For the last 24 years, he has worked at the Federal Reserve Bank of Boston, where he is currently Senior Vice President and Community Affairs Officer of the Regional and Community Outreach Department. Previously, he served in executive positions at the Massachusetts Housing Partnership, the Lincoln Filene Center for Citizenship and Public Affairs at Tufts University, and the Greater Roxbury Development Corporation. He has been instrumental in developing the Boston Business Collaborative, a project that links major corporations with existing minority businesses and let to the formation of the Initiative for a New Economy. Richard was an initial participant in the formulation of the Black/Jewish roundtable with American Jewish Committee. He was also participated in the working groups which helped form the Massachusetts Housing Investment Corporation and Massachusetts Community and Banking Council. In September 2000, the Governor of Massachusetts appointed Richard to the Board of Directors of the Massachusetts Bay Transportation Authority, and in 2007 he was appointed to the Board of Trustees of Bunker Hill Community College. Richard serves on numerous other boards and is actively involved in promoting fair and equal access to finance and credit through a variety of approaches. He is the executive producer of the award-winning video To Their Credit: Financing Women Owned Business, which was first broadcast on KQED in San Francisco in July 1999. He was also responsible for the video Lesson from a Storm: Banking for Safety. Richard was instrumental in the development of the Federal Reserve Bank’s widely distributed publication Closing the Gap: A Guide to Equal Opportunity Lending, designed to help banks avoid possible discriminatory lending practices. And he produced the popular consumer video Identity Theft: Protect Yourself and its companion publication, Identity Theft. Currently, Richard is leading an innovative project for the Bank called the Working Cities Challenge. The Challenge is a pilot grant competition funded by Living Cities, The Commonwealth of Massachusetts and the Massachusetts Competitive Partnership designed to encourage collaborative leadership and systems change in the Gateway cities. Richard resides in Waltham and has a summer home on Martha’s Vineyard.
Vice President, Community Development, Regional and Community Outreach.
Prabal Chakrabarti is Vice President of Regional and Community Outreach. He has published and presented research on community development topics such as affordable housing, venture capital in secondary cities, and urban business development. He plays a key leadership role in a prize competition to revitalize smaller cities called the Working Cities Challenge. He has edited volumes on the future of the Community Reinvestment Act and on addressing challenges from foreclosed properties.
Previously, Prabal was at the Initiative for a Competitive Inner City, where he led a research effort under Harvard Business School Professor Michael Porter to measure economic competitiveness in America’s inner cities. Prabal previously served in the U.S. Treasury in economic policy and he co-wrote a UNDP report Unleashing Entrepreneurship: Making Business Work for the Poor.
Prabal holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a B.S. from the University of Illinois, where he was a Truman Scholar. He serves on the Marshall Scholarship Selection Committee and on the board of directors of the Children’s Investment Fund.
Anna Afshar Steiger
Assistant Vice President, Regional and Community Outreach
Director of Community Development & Financial Institution Outreach
Anna Afshar Steiger is Assistant Vice President in the Regional & Community Outreach department and director of community development and community financial institution outreach. She is currently working on promoting financial tools that can help lower-income families build wealth, such as children’s savings accounts, emergency savings products, and other financial products. Ms. Steiger began her work at the Boston Fed conducting research on investment flows into lower-income and underserved areas and the role of anchor institutions in economic development. Some of her previous work includes: Using New Markets Tax Credits to Mitigate the Impact of Foreclosures on Communities, The Role of Community Partners in Urban Investments, The Case for the Community Partner in Economic Development, Linking Institutional Investors to Economic Revitalization, Community-Campus Partnerships for Economic Development: Community Perspectives, Opportunities for Community Development Finance in the Disability Market (editor), and New England Community Developments (editor). Prior to the Boston Fed, she worked in international business and microfinance. Ms. Steiger holds an M.P.P from the Kennedy School of Government and a B.A. in economics from Barnard College at Columbia University.
Community Financial Institution outreach builds partnerships with financial institutions including community banks, credit unions, and community development financial institutions (CDFIs) to increase community development lending, investments, and services in the region. The CFI staff work closely with the community development outreach staff and community development organizations to achieve these goals.
Senior Financial Institution Relationship Manager
Brian Clarke joined the Federal Reserve Bank of Boston in 2010 and is currently the relationship manager for financial institutions headquartered in Connecticut, Rhode Island and Massachusetts (except Essex and Middlesex counties). Previously Brian worked in the financial services industry specializing in mutual funds and investment manager services. Brian received a BS in Finance from Providence College.
In our efforts to promote the economic strength of lower-income communities in New England, we work closely with community-based organizations, traditional and nontraditional lenders, government officials, and others to solve problems and identify opportunities. We are open to hearing from anyone who can help us meet our goals.
Community Affairs Analyst
Kseniya Benderskaya joined the Federal Reserve Bank of Boston as an analyst soon after completing her Master’s in Urban Planning degree at Harvard’s Graduate School of Design. Her professional and academic interests have focused on post-industrial “gateway cities”, neighborhood stabilization efforts, and household financial stability issues. Kseniya will be assisting in the implementation of the Working Cities Challenge, a Fed-organized competition for smaller Massachusetts cities attempting to foster economic development and collaborative leadership. Prior to joining the Federal Reserve, Kseniya worked for a Boston-based renewable energy development company, which promotes sustainable development in many of the Commonwealth’s struggling cities and towns. Kseniya received her Bachelor’s from Duke University in 2011.
Managing Editor, Regional & Community Outreach
Caroline Ellis is the editor of Communities & Banking magazine, which focuses on low- and moderate-Income issues in New England. She is also the department’s designated interface with the Bank’s corporate communications team. Before joining the Boston Fed, Caroline was a senior editor at MIT Sloan Management Review. She was previously the editor of Minnesota Physician and a manuscript editor at Harvard Business Review. Her undergraduate degree is from Bryn Mawr College, and her master's is from the Newhouse School at Syracuse University. Her outside interests include theater, reading, and grandchildren.
Associate Editor, Regional & Community Outreach
Robert Jabaily writes and edits The Ledger, an online publication that strives to make economics and economic history more engaging to the general public. He also developed the content for Peanuts & Crackerjacks: The Economics of Pro Team Sports and Show Business: The Economics of Entertainment, both of which are online learning units geared to students in grades 6-12. He holds an undergraduate degree from the University of Pennsylvania and an M.A. in communications from the University of Kentucky.
Senior Community Development Analyst
Tamar is the principal staff person working on the Working Cities Challenge, an initiative to support collaborative leadership in Massachusetts’ smaller cities. Prior to joining the Federal Reserve Bank in 2012, Tamar has more than 15 years’ experience as a community development practitioner. Tamar helped to found one of Massachusetts’ leading community development corporations and served as its first Director of Operations. During her time there, she also led the redevelopment of a number of historic buildings and a neighborhood park, representing more than $40 million in investment, and she served as Director of Policy and Neighborhood planning. While there, Tamar also co-chaired the Massachusetts Association of Community Development Corporations Public Policy Committee, and leadership posts in other statewide efforts. Tamar graduated with a Master’s degree in City Planning from the Massachusetts Institute of Technology and a B.A. from Oberlin College. Prior to receiving her degree, Tamar worked for four years with the nation’s largest community development intermediary, the Local Initiatives Support Corporation. Tamar is bilingual in English and Spanish.
Senior Community Development Analyst
Anthony Poore joined the Federal Reserve Bank of Boston in 2010. Prior to that, Anthony was the Assistant Dean of Southern New Hampshire University’s School of Community Economic Development. Anthony holds a master’s degree in Community Economic Development and an MBA from Southern New Hampshire University. He completed his undergraduate studies in Social Work at Wright State University in his hometown of Dayton, Ohio.
In Anthony’s 20 years of experience in the community economic development sector, he has worked as a practitioner, policy analyst, and researcher developing strategies addressing the needs of urban and rural communities through participatory cross sector collaborative processes.
Past and current professional activities include community organizing and mobilization within urban and rural settings, qualitative/quantitative research initiatives, and general intelligence gathering on low- and moderate-income communities. In addition, he helps financial institutions and community-based organizations engage in community development lending and investing activities, and works to develop mutually beneficial public-private economic development strategies and consumer-driven academic/educational programming (content and delivery) to leverage internal and external resources for maximum impact.
Currently, Anthony serves on NeighborWorks Southern New Hampshire’s Board of Directors, the Manchester Community College Advisory Board, and the Community College System of New Hampshire’s Academic & Student Affairs Committee. He is an active participant with Northern New England’s Community of Practice, a cadre of community development practitioners focused on advancing the principles of collective impact and dynamic governance models and Manchester’s Ujima Collective, a pan-African, anti-racist, social capitalist community group.
We conduct research on policies, practices and trends that impact low and moderate income (LMI) communities. We use our research to investigate timely issues, promote best practices and inform policy relevant to the Community Development Field.
Senior Policy Analyst
Erin Graves is a policy analyst with an interest in housing and the sociological dynamics of neighborhoods. She previously worked as a Post Doctoral Fellow at the Massachusetts Institute of Technology on an analysis of the Chicago Housing Authorities' renewal plan which received funding from the MacArthur Foundation. She received her Doctorate in Urban Planning and Sociology from the Massachusetts Institute of Technology, a Master's in Planning from the University of Illinois, Chicago and a Bachelor's from Stanford University. She has published her work in the Journal of the American Planning Association, City & Community, New England Community Developments, Communities & Banking.
Senior Policy Analyst
Kaili Mauricio joined the Federal Reserve Bank of Boston in 2011 as a policy analyst focused on New England community financial institutions. His research interests also include small business development, alternative financial institutions, new business lending, and geospatial analysis. He previously worked as a product developer in the financial software industry. Kaili received a MA in economics from The New School for Social Research in New York City and a BA in economics and history from Tufts University.
Ana Patricia Muñoz
Ana Patricia Muñoz conducts applied research on issues that impact low- and-moderate income (LMI) families. As part the Boston Fed’s multiyear initiative “Toward a More Prosperous Springfield, MA,” she studied the role of Latino entrepreneurship in economic development and worked on identifying growth opportunities for older manufacturing cities. In addition, she analyzed the implementation of foreclosure prevention and loan modification initiatives and worked with counseling organizations and servicers to improve those programs. Ana Patricia has done work analyzing credit outcomes in low- and –moderate income areas and is interested on issues related to wealth inequality, asset building and access to credit. Prior to joining the Fed, she spent two years working as an economic advisor for a congressman in the National Parliament of Ecuador. Ana Patricia holds a master’s degree in economics from the Université de Montréal a master of public affairs from Brown University, and a B.S in economics from the Universidad Católica del Ecuador.