In March 2022, over 2,400 community development professionals from across the country convened for the National Interagency Community Reinvestment Conference. Co-hosted by the Federal Reserve Bank of San Francisco with the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, the Federal Deposit Institution Corporation, and the Board of Governors of the Federal Reserve System, this biennial event offers Community Reinvestment Act examination training alongside best practices in community development shared by experts from around the country.
With its theme—Reimagine, Reinvest, Rebuild—the conference sought to spark ideas, conversations, and actions to reimagine the systems that shape community development.
Laura Kohn of Mission Driven Finance noted that investment in child care providers—especially home-based family child care providers who are more likely to be deeply rooted in the communities they are serving—is an investment in community infrastructure. As she shared her experience creating a real estate investment trust that supports the development of center- and home-based child care facilities, she stressed that a core part of their model is partnering with the community, including working with local community investment companies.