In 2010, the Community Development Department at the Federal Reserve Bank of San Francisco launched the Community Indicators Project, an initiative that seeks to collect input from community stakeholders about the issues and trends facing low- and moderate-income (LMI) communities in the 12th District. We hope that by systematically collecting local viewpoints, we will be able to inform community development policy and practice in a richer way than by relying on quantitative statistics alone. In the third wave of the survey, 280 community stakeholders from across the 12th District provided their assessment of economic conditions within LMI communities. Questions were open-ended, allowing respondents to raise the issues of most concern to them. This issue of Vantage Point synthesizes the key themes that emerged in the February 2011 community indicators survey.