The Community Outlook Survey (COS), a quarterly online survey by the Federal Reserve Bank of Dallas, helps assess community and economic development in the Eleventh District of the Federal Reserve System—Texas, northern Louisiana and southern New Mexico. [1] The community organizations participating in the survey provide housing, health and nutrition, financial aid, workforce development and education services to cities and counties in the Eleventh District, with a focus on low- and moderate-income (LMI) communities.
The Dallas Fed's latest Regional Economic Update reports that as a whole, economic growth continued at a modest pace in the fourth quarter 2011. Employment rebounded to its prerecession level, with the oil and gas sector leading the surge. Although construction in Texas was flat, housing prices increased slightly, as mortgage delinquencies continued to fall.[2]
For the LMI populations in the Eleventh District, modest improvements are surfacing, although concerns about credit and financial literacy continue to be strong. Organizational sustainability concerns still plague some service providers, but many others are increasingly optimistic about their ability to meet LMI client needs. The following report highlights this quarter’s COS results.
Read more...Community Outlook Survey (COS) - Community Affairs - Federal Reserve Bank of Dallas
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