CDFI FUND update

White House Announces New Appointments by President Biden to the CDFI Fund’s Advisory Board September 6, 2024 WASHINGTON – Today, the White House announced new appointments by President Biden to the Community Development Advisory Board (the Advisory Board), a 15-person federal advisory committee to the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).  The function of the Advisory Board is to advise the CDFI Fund’s Director on the policies regarding the activities and programs of the CDFI Fund.  “I am pleased to congratulate and welcome this esteemed group of professionals who share the CDFI Fund’s vision of an America in which all people and communities have access to the investment capital and financial services they need to prosper,” said CDFI Fund Director Pravina Raghavan. The next meeting of the Advisory Board will be on Thursday, September 19, 2024, which will commemorate the 30th anniversary of the establishment of the CDFI Fund. The President announced the following four private citizens who are new to the Advisory Board: Manuel Chinea, Chief Operating Officer, Popular Bank at Popular, Inc., New York, NY Janie Simms Hipp, J.D., LL.M., Founding Chief Executive Officer, Native Agriculture Financial Service, Fayetteville, AR Mark Kaufman, President and Chief Executive Officer, Neighborhood Impact Investment Fund, Baltimore, MD Susan Chapman Plumb, Board Chair and Chief Executive Officer, Local Bank, Hulbert, OK The President also reappointed the following five private citizens who have served on the Advisory Board since September 2021: Seema Agnani, Executive Director, National Coalition for Asian Pacific American Community Development, Washington, DC Marla Bilonick, President and CEO, National Association for Latino Community Asset Builders Washington, DC Harold Pettigrew, Jr., President and CEO, Opportunity Finance Network, Washington, DC Michael Swack, Director, Center for Impact Finance, Carsey School of Public Policy, University of New Hampshire, Durham, NH Darrin L. Williams, CEO, Southern Bancorp, Inc., Little Rock, AR They join the following federal designees on the Advisory Board: Kathryn Frost, Associate Administrator for Capital Access, U.S. Small Business Administration, Washington, DC Wizipan Garriott, Principal Deputy Assistant Secretary for Indian Affairs, U.S. Department of Interior, Washington, DC Dr. Basil Gooden, Under Secretary for Rural Development, U.S. Department of Agriculture, Washington, DC Julienne Joseph, Senior Counselor, Office of the Secretary, U.S. Department of Housing and Urban Development, Washington, DC Ben Page, Deputy Assistant Secretary for Economic Development and Chief Operating Officer, Economic Development Administration, Washington, District of Columbia Laurie Schaffer, Acting Assistant Secretary for Financial Institutions, U.S. Department of the Treasury, Washington, DC About the CDFI Fund Since its creation in 1994, the CDFI Fund has awarded more than $7.4 billion to Certified Community Development Financial Institutions (CDFIs), community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Awards Program, the Capital Magnet Fund, the Financial Education and Counseling Pilot Program, and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated more than $76 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program and guaranteed nearly $2.5 billion in bonds through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website at www.cdfifund.gov.  Reasonable Accommodations: Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at the CDFI Fund at 202-653-0300.   Language Access Plan: Per Executive Order 13166 and Title VI of the Civil Rights Act of 1964, information on the CDFI Fund’s Language Access Plan, providing Limited English Proficient individuals with meaningful access to vital documents and information about relevant CDFI Fund programs and services, is available here.

This email was sent to politikimx@gmail.com using GovDelivery Communications Cloud on behalf of: CDFI Fund, US Department of the Treasury · 1801 L St., NW, 6th Floor, Washington, DC 20036· 202-653-0300

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND UNITED STATES DEPARTMENT OF THE TREASURY