May 7, 2020

Economic Resilience During Covid-19 and Beyond

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Raphael Bostic, Federal Reserve Bank of Atlanta president and CEO, joined Enterprise Community Partners CEO Priscilla Almodovar for a conversation about how affordable housing and nonprofit service providers can help low-wage and hourly workers during and beyond the Covid-19 crisis. 

Moderated by Enterprise Board Members Renee Lewis Glover and Shekar Narasimhan with a Q&A session facilitated by Enterprise VP of Policy Development Andrew Jakabovics, the discussion included:

  • The mounting challenges low-wage and hourly wage earners face considering the immediate crisis
  • Solutions affordable housing providers can implement to create more economic stability for residents with lower incomes
  • The long-term economic impact Covid-19 will have on affordable housing, and how the industry must work differently in the future

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Related Resources

  • COVID-19 Resources and Information: See the Atlanta Fed's list of publications, information, and resources for help navigating through these uncertain times. Also listen to our special Pandemic Response webinar series [frbatlanta.org].

  • Federal Reserve Survey Shows Impact of COVID-19 on Communities Nationwide: The array of obstacles that communities must surmount in the wake of the COVID-19 pandemic is formidable. "Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them," a new report from the Federal Reserve banks and the Board of Governors of the Federal Reserve System, depicts the magnitude of these challenges.

  • Advancing Careers for Low-Income Families: This project examines how benefits cliffs reduce the financial incentive for low-income individuals to enroll in training for a higher-paying job, work more hours, or advance in their career. We offer policymakers, practitioners, and researchers a variety of resources that show both the short-term and lifetime financial gains from credential attainment for an individual and the net public savings to government when low-income individuals advance along a career path.

  • Opportunity Occupations Monitor: The tool tracks trends in opportunity employment—the share of workers who earn at least the U.S. annual median wage (adjusted for local cost of living differences) in occupations for which employers do not require a bachelor's degree—in states and metro areas. The tool displays trends in opportunity employment between 2012 and 2017, and it shows the share of job ads that do not require a BA degree for occupations in each area. It also provides wage ranges and employment data on all occupations in individual states and metro areas.

  • Unemployment Claims Monitor: This tool tracks initial and continued claims for unemployment insurance—and claimant demographics—for each state and nationally. The tool will be updated weekly with U.S. Department of Labor data.

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