Community Development Events

9:00 a.m.

Welcome (Streaming video, 24:34)

Charles P. Pizzi, President and CEO, Tasty Baking Co., and Chairman, Board of Directors, Federal Reserve Bank of Philadelphia
Michael A. Nutter, Mayor of Philadelphia
Dede Myers, Vice President and Community Affairs Officer, Federal Reserve Bank of Philadelphia

9:30 a.m.

Outlook: Where We’ve Been, Where We’re Going (Streaming video, 40:41)

Sandra Braunstein, Director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C.

11:00 a.m.

Respondents’ Panel (Streaming video, 58:53)

Dudley Benoit, Senior Vice President, Intermediaries Lending Group, JPMorgan Chase Community Development Banking
Terry Gillen, Executive Director, Redevelopment Authority of Philadelphia
Moderator: Jeremy Nowak, President and CEO, The Reinvestment Fund, Philadelphia, and Deputy Chairman, Board of Directors, Federal Reserve Bank of Philadelphia

1:45 p.m.

Concurrent Workshops

Keeping Households in Their Homes

Annette M. Rizzo, First Judicial District, Court of Common Pleas, Philadelphia
Nelson Merced, Director, National Initiatives and Applied Research, NeighborWorks America, Washington, D.C.
Moderator: Richard C. Walker III, Vice President and Community Affairs Officer, Federal Reserve Bank of Boston

Increasing the Middle Class

Scot T. Spencer, Manager of Baltimore Relations, The Annie E. Casey Foundation, Baltimore
Prabal Chakrabarti , Assistant Vice President and Director of Community Affairs, Federal Reserve Bank of Boston (PDF, 13 pages, 1.03 MB)
Moderator: Alicia Williams, Vice President, Consumer and Community Affairs, Federal Reserve Bank of Chicago

Strategies to Address Emerging Trends, Part 1

Ira Goldstein, Director, Policy Solutions, The Reinvestment Fund, Philadelphia

Sustainable Homeownership

Paul S. Calem , Senior Economist, Board of Governors of the Federal Reserve System (PDF, 7 pages, 79 KB)
Leonard Nakamura , Assistant Vice President and Economist, Federal Reserve Bank of Philadelphia (PDF, 7 pages, 79 KB)
Susan Wachter, Richard B. Worley Professor of Financial Management, Professor of Real Estate and Finance, Wharton School, University of Pennsylvania, and Co-Director, Penn Institute for Urban Research
Kristopher S. Gerardi , Research Economist and Assistant Policy Adviser, Research Department, Federal Reserve Bank of Atlanta (PDF, 9 pages, 29 KB)
Discussants:
Karen M. Pence , Senior Economist, Household and Real Estate Finance Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System (PDF, 8 pages, 113 KB)
Marsha J. Courchane , Vice President, Charles River Associates, Washington, D.C. (PDF, 6 pages, 47 KB)
Moderator: George McCarthy, Director, Metropolitan Opportunity Unit, Ford Foundation, New York (PDF, 6 pages, 47 KB)

3:30 p.m.

Concurrent Workshops

Reclaiming Distressed Properties

Frank Ford , Senior Vice President for Research and Development, Neighborhood Progress Inc., Cleveland (PDF, 28 pages, 283 KB)
Doug Swoger , Director of Housing, City of Los Angeles Housing Department (PDF, 19 pages, 733 KB)
Moderator: Don Chen, Program Officer, Ford Foundation, New York

Rethinking Who Should Be a Homeowner (MP3 file, 40.4 MB, 1:28:21)

Doug Duncan , Vice President and Chief Economist, Fannie Mae (PDF, 23 pages, 390 KB)
James H. Carr , Chief Operating Officer, National Community Reinvestment Coalition, Washington, D.C. (PDF, 5 pages, 34 KB)
Moderator: Alan Mallach , Non-Resident Senior Fellow, The Brookings Institution, Washington D.C. (PDF, 10 pages, 152 KB)

Strategies to Address Emerging Trends, Part 2

Ira Goldstein, Director, Policy Solutions, The Reinvestment Fund, Philadelphia

Mortgage Lending and Borrowers’ Welfare

Kathleen Engel, Professor, Suffolk University Law School, Boston
Thomas J. Fitzpatrick IV , Economist, Federal Reserve Bank of Cleveland (PDF, 8 pages, 99 KB)
Jane Dokko , Economist, Household and Real Estate Finance Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System (PDF, 8 pages, 51 KB)
Discussants:
Andrew Haughwout , Vice President, Microeconomic and Regional Studies, Federal Reserve Bank of New York (PDF, 8 pages, 42 KB)
Kathleen E. Keest, Senior Policy Counsel, Center for Responsible Lending, Durham, NC
Moderator: Kenneth D. Wade, CEO, NeighborWorks America, Washington, D.C.

8:15 a.m.

Reflections from a Mayor’s Perspective (Streaming video, 47:34)

Shirley Franklin, Mayor of Atlanta from 2002 to 2009 and William and Camille Cosby Professor, Spelman College, Atlanta

9:00 a.m.

Concurrent Workshops

Local Government Priorities, Policies, and Programs Change as Money Becomes Scarce

John DeStefano, Jr. , Former President, National League of Cities, and Mayor of New Haven, CT (PDF, 18 pages, 408 KB)
Michael A. Pagano , Dean, College of Urban Planning and Public Affairs, University of Illinois at Chicago and Co-Editor of Urban Affairs Review (PDF, 32 pages, 2.35 MB)
Moderator: Larry Eichel, Project Director, Philadelphia Research Initiative, The Pew Charitable Trusts

The Role of Community Development Financial Institutions (CDFIs) in the Country’s Economic Revival (MP3 file, 17.7 MB, 38:45)

Donald Hinkle-Brown , President, Lending and Community Investments, The Reinvestment Fund (PDF, 12 pages, 119 KB)
Nancy O. Andrews, President and CEO, Low Income Investment Fund, San Francisco
Moderator: Scott Turner, Vice President and Community Affairs Officer, Federal Reserve Bank of San Francisco

REO Properties: Lenders Resell Their Inventory of Foreclosed Properties, Part 1 (MP3 file, 30.9 MB, 1:07:41)

Rob Grossinger, Senior Vice President, Bank of America, Chicago
Craig Nickerson, President, National Community Stabilization Trust, Washington, D.C.
Moderator: Joseph Firschein, Assistant Director and Community Affairs Officer, Board of Governors of the Federal Reserve System

Community Reinvestment Act

Roberto G. Quercia , Professor, Department of City and Regional Planning, University of North Carolina, and Director, Center for Community Capital, Chapel Hill (PDF, 9 pages, 563 KB)
Janneke Ratcliffe, Associate Director, Center for Community Capital, University of North Carolina
Carolina Reid, Manager, Research Group, Community Development, Federal Reserve Bank of San Francisco
Discussants: Mark Willis , Resident Research Fellow, Furman Center for Real Estate and Urban Policy, New York University (PDF, 7 pages, 148 KB)
Ellen Seidman , Executive Vice President, National Program and Partnership Development, ShoreBank Corporation, and Senior Research Fellow, Asset Building Program, New America Foundation (PDF, 4 pages, 834 KB)
John Taylor, President and CEO, National Community Reinvestment Coalition, Washington, D.C.
Moderator: Nicolas P. Retsinas, Director, Joint Center for Housing Studies, Harvard University

10:30 a.m.

Concurrent Workshops

When Investors Buy Up Much of the Neighborhood

Roberta Johnson Englund, Executive Director, Folwell Neighborhood Association, Folwell Center for Urban Initiatives, Minneapolis
Michael Schramm , Associate Director for Community Information, Center on Urban Poverty and Community Development, Case Western Reserve University, Cleveland (PDF, 28 pages, 1.24 MB)
Moderator: Sarah Treuhaft , Senior Associate, PolicyLink, Oakland, CA (PDF, 41 pages, 2.28 MB)

Green Jobs: A New Frontier of Employment (MP3 file, 35.2 MB, 1:17:03)

Joanne Derwin , Executive Director, Urban Agenda, New York (PDF, 7 pages, 303 KBB)
Nick Flores , Capital Access Program Manager, Green For All, Oakland, CA (PDF, 8 pages, 319 KB)
Moderator: Ruth M. Clevenger , Vice President and Community Affairs Officer, Federal Reserve Bank of Cleveland (PDF, 6 pages, 390 KB)

REO Properties: Lenders Resell Their Inventory of Foreclosed Properties, Part 2 (MP3 file, 31.2 MB, 1:08:11)

Rob Grossinger, Senior Vice President, Bank of America, Chicago
Craig Nickerson, President, National Community Stabilization Trust, Washington, D.C.
Moderator: Joseph Firschein, Assistant Director and Community Affairs Officer, Board of Governors of the Federal Reserve System

Reforming the Housing Finance System

Ingrid Gould Ellen , Professor of Public Policy and Urban Planning and Co-Director, Furman Center for Real Estate and Urban Policy, New York University (PDF, 7 pages, 186 KB)
Mark Willis , Resident Research Fellow, Furman Center for Real Estate and Urban Policy, New York University (PDF, 7 pages, 186 KB)
Adam J. Levitin , Associate Professor of Law, Georgetown University Law Center, Washington, D.C. (PDF, 8 pages, 341 KB)
Discussants: Robert Van Order, Professor of Finance and Oliver T. Carr Professor of Real Estate, George Washington University, Washington, D.C.
Joseph Tracy , Executive Vice President and Senior Advisor to the President, Federal Reserve Bank of New York (PDF, 7 pages, 78 KB)
Moderator: Sarah Rosen Wartell, Executive Vice President, Center for American Progress

12:00 noon

Conversation on Economic and Community Development Issues (Streaming video, 26:00. Note: It may take several minutes to download this file.)

Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System, and Jeremy Nowak, President and CEO, The Reinvestment Fund, Philadelphia, and Deputy Chairman, Board of Directors, Federal Reserve Bank of Philadelphia

2:00 p.m.

Concurrent Workshops

Financing Community Development in Troubled Times (MP3 file, 35.5 MB, 1:17:35)

Benson (Buzz) Roberts , Senior Vice President for Policy and Program Development, Local Initiatives Support Corporation, Washington, D.C. (PDF, 4 pages, 44 KB)
Kenneth D. Wade , CEO, NeighborWorks America, Washington, D.C. (PDF, 7 pages, 33 KB)
Moderator: Lisa Davis , Program Officer, Ford Foundation, New York (PDF, 6 pages, 212 KB)

Changing America’s Federal Transportation Funding Priorities

Victor Rubin , Vice President for Research, PolicyLink, Oakland, CA (PDF, 21 pages, 417 KB)
Shelley R. Poticha, Director for the Office of Sustainable Housing and Communities, U.S. Department of Housing and Urban Development, Washington, D.C.
Moderator: Karen Black, Principal, May 8 Consulting, Media, PA

Fundraising in Hard Times, Part 1  (MP3 file, 34.8 MB, 1:14:11)

Anisha Robinson Keeys, Principal Officer, Lance-Lee Planning, Norristown, PA
Katya Andresen , Chief Operating Officer, Network for Good, Bethesda, MD (PDF, 23 pages, 1.01 MB)
Moderator: Eileen M. Fitzgerald, Chief Operating Officer, NeighborWorks America, Washington, D.C.

Redoing the Financial Architecture

Edward J. Kane , Professor of Finance, Boston College (PDF, 11 pages, 292 KB)
Carmen M. Reinhart , Professor of Economics and Director, Center for International Economics, University of Maryland, College Park (PDF, 11 pages, 165 KB)
Discussants: Deborah Lucas , Associate Director for Financial Analysis, Congressional Budget Office, Washington, D.C. (PDF, 8 pages, 41 KB)
William W. Lang , Senior Vice President, Supervision, Regulation and Credit, Federal Reserve Bank of Philadelphia (PDF, 6 pages, 860 KB)
Moderator: Richard J. Herring , Jacob Safra Professor of International Banking, Professor of Finance, Co-Director, Wharton Financial Institutions Center, University of Pennsylvania (PDF, 7 pages, 185 KB)

3:30 p.m.

Concurrent Workshop

Fundraising in Hard Times, Part 2 (MP3 file, 11.9 MB, 26:09)

Anisha Robinson Keeys, Principal Officer, Lance-Lee Planning, Norristown, PA
Katya Andresen, Chief Operating Officer, Network for Good, Bethesda, MD
Moderator: Eileen M. Fitzgerald, Chief Operating Officer, NeighborWorks America, Washington, D.C.

9:00 a.m.

Concurrent Workshops

Falling Home Values and Vacant Properties Create Affordable Housing Opportunities (MP3 file, 34.3 MB, 1:15:05)

Hakeem Jeffries , State Assemblyman, New York State Assembly, Brooklyn (PDF, 10 pages, 564 KB)
George McCarthy , Director, Metropolitan Opportunity Unit, Ford Foundation, New York (PDF, 34 pages, 2.22 MB)
Moderator: Todd Greene, Vice President, Community and Economic Development, Federal Reserve Bank of Atlanta

Arts and Culture: The Art of Survival (MP3 file, 70.9 MB, 1:17:32)

Russell Willis Taylor , President and CEO, National Arts Strategies, Washington, D.C. (PDF, 9 pages, 100 KB)
John Alston, President, The Chester Fund for Education and the Arts, and Founding Director, Chester Children’s Chorus, Chester, PA
Moderator: Patricia L. Smith, Director, Special Initiatives, The Reinvestment Fund, Philadelphia

Community Impacts and Solutions

Ira Goldstein, Director, Policy Solutions, The Reinvestment Fund, Philadelphia
Paul Willen , Senior Economist and Policy Advisor, Federal Reserve Bank of Boston (PDF, 40 pages, 938 KB)
Discussants:
Kelly D. Edmiston, Senior Economist, Federal Reserve Bank of Kansas City
Raphael Bostic, Assistant Secretary for Policy Development and Research, U.S. Department of Housing and Urban Development, Washington, D.C.
Moderator: Kathe Newman, Associate Professor, Edward J. Bloustein School of Planning and Public Policy, Rutgers University, New Brunswick, NJ

10:45 a.m.

The Future of the Community Development Industry

Part 1 (Streaming video, 55:51) | Part 2 (Streaming video, 23:55) (Note: There is a 50-second segment in Part 2 in which only audio is available.)

Raphael Bostic, Assistant Secretary for Policy Development and Research, U.S. Department of Housing and Urban Development, Washington, D.C.
John Bendel, Director of Community Investment, Federal Home Loan Bank of Pittsburgh
Joseph Kriesberg, President and CEO, Massachusetts Association of Community Development Corporations, Boston
Kimberly J. Allen, Vice President and Senior Program Officer, Wachovia Regional Foundation and Wachovia Regional CDC

12:00 noon

Closing Remarks

Dede Myers, Vice President and Community Affairs Officer, Federal Reserve Bank of Philadelphia