As we planned this issue of Community Investments, the timing of a new year and a new presidential administration inspired us to take a fresh look at some of the major policy issues affecting community development. This task seemed especially important given the current economic crisis, which will no doubt have a significant impact on low- and moderate-income communities. In addition, as the economy continues to tighten, funding shortfalls threaten to hinder community development efforts at a time when they are needed the most.