Small businesses have played an important role in fueling past economic recoveries. Ben Bernanke Read Quote
Community development has a long history of innovation and learning from experience. Ben Bernanke Read Quote
The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress. Ben Bernanke Read Quote
For practitioners of community development, as in any field, joining a network of like-minded professionals is important for building skills and becoming aware of opportunities and resources. Ben Bernanke Read Quote
Neighborhoods and communities are complex organisms that will be resilient only if they are healthy along a number of interrelated dimensions, much as a human body cannot be healthy without adequate air, water, rest, and food. Ben Bernanke Read Quote
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes. Ben Bernanke Read Quote
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point. Ben Bernanke Read Quote
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve… mustered the moral courage to do what was necessary. Ben Bernanke Read Quote
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes. Ben Bernanke Read Quote
Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime. Ben Bernanke Read Quote
