St. Louis Fed to Demonstrate Interactive Community Investment Tools

Louisville, Ky. – Did you know that Cincinnati has received more than seven times the amount of affordable housing investment from Community Development Financial Institutions (CDFIs) as Louisville? Or that Memphis has received more than four times the amount of business investment from CDFIs as Louisville? Did you know that Louisville has received more than twice the amount of New Markets Tax Credit (NMTC) investment as Indianapolis?

Dive deeper into these and other stories with new interactive community investment data tools from the St. Louis Fed. Learn how these tools can help you find and tell engaging stories about community development investment activity taking place in and around Louisville at Breakfast with the Fed on Wednesday. Mike Eggleston, senior community development specialist at the St. Louis Fed, will demonstrate two new interactive data tools: Community Investment Explorer and Opportunity Zones Explorer.

The Community Investment Explorer is designed to show geographic comparisons and trends over time in a way that is easily customizable. It aggregates transaction-level data from three programs that drive investment into low- and moderate-income communities – the CDFI program, the NMTC program and Low Income Housing Tax Credit program.

The Opportunity Zones Explorer features investment activity and displacement risk in areas designated Opportunity Zones as part of the Tax Cuts and Jobs Act of 2017, including ones in the Louisville area. The St. Louis Fed created this interactive tool as a way to visualize the data, allowing one to see where there is investment and gentrification risk at the county level.

Media interested in attending must register with Karen Mracek at 314-444-3911 or karen.mracek@stls.frb.org.