I am pleased to join you for the eighth biennial Federal Reserve System Community Affairs Research Conference. The work you are doing here--sharing research and exchanging ideas on how best to further the development of low-income communities--is vitally important. As this year's theme, "Resilience and Rebuilding," reflects, low-income communities were particularly hard hit by the Great Recession.1 And, while employment and housing show signs of improving for the nation as a whole, conditions in lower-income neighborhoods remain difficult by many measures. For example, an analysis by Federal Reserve staff reveals ... (full story)