Community Development Advisory Board

Section 104(d) of the Community Development Banking and Financial Institutions Act of 1994 established the Community Development Advisory Board to advise the Director of the Fund on policies regarding the activities of the CDFI Fund. The Advisory Board is to meet at least annually.

The Advisory Board shall consist of 15 members, including the Secretary of the Departments of Agriculture, Commerce, Housing and Urban Development, Interior and Treasury and the Administrator of the Small Business Administration, or his or her designee; and nine private citizens appointed by the President, who shall be selected, to the maximum extent practicable, to provide for national geographic representation and racial, ethnic, and gender diversity, including: two individuals who are officers of existing community development financial institutions; two individuals who are officers of insured depository institutions; two individuals who are officers of national consumer or public interest organizations; two individuals who have expertise in community development; and one individual who has personal experience and specialized expertise in the unique lending and community development issues confronted by Indian tribes on Indian reservations.

The Chair of the Advisory Board is elected by the nine private citizens.

August 23, 2018 Advisory Board Meeting

November 16, 2017 Advisory Board Meeting



Gwin Staff/DispForm.aspx?ID=56ClintonGwinClinton B. Gwin<p><strong>President and CEO</strong><br><strong> Pathway Lending</strong></p> <p>​Clinton B. Gwin is the President and CEO of Pathway Lending, a CDFI founded in 1999 to provide capital and educational services to underserved small businesses in Tennessee and Alabama. Mr. Gwin has been recognized for his efforts to create public-private partnerships involving Pathway Lending, the State of Tennessee, and the Tennessee Bankers Association. He is a founding board member and the current board chair of Appalachian Community Capital, a CDFI serving Appalachia, and also served on the board of a CDFI in Tennessee and on the advisory boards of two New Market Tax Credit entities. Previously, Mr. Gwin was with the Federal Deposit Insurance Corporation. He is a graduate of Centenary College of Louisiana and received an MBA from Vanderbilt University’s Owen Graduate School of Management.</p>03;Advisory Board15;CDFI Representatives<img alt="" src="/PublishingImages/Clint_Gwin.jpg" style="BORDER:0px solid;" />
Ray Moncrief Staff/DispForm.aspx?ID=57L.Ray MoncriefL. Ray Moncrief<p><strong>President and CEO</strong><br><strong> Mountain Ventures, Inc., Kentucky Highland Investment Corporation</strong></p> <p>​Ray Moncrief is President and CEO of Mountain Ventures Inc., a Small Business Investment Corporation licensed by the U. S. Small Business Administration and a wholly-owned subsidiary of Kentucky Highland Investment Corporation. In addition, he is President, CEO, and board member of Southern Appalachian Management Company and President of Eclipse Management. Mr. Moncrief has served on the boards of the National Consumer Cooperative Bank and Capital Impact Partners. He is a founding director and Chairman of Appalachian Community Capital and a founding director and the Chairman of the Board of the Community Development Venture Capital Alliance (CDVCA). Mr. Moncrief received a Lifetime Achievement Award from CDVCA and the Lifetime Achievement in Seed Investing Award from the National Association of Seed and Venture Funds. He is a graduate of Louisiana Tech University.</p>03;Advisory Board15;CDFI Representatives<img alt="" src="/PublishingImages/ray_moncrief.jpg" style="BORDER:0px solid;" />
Dingus Brook Staff/DispForm.aspx?ID=62CaraDingus BrookCara Dingus Brook<p><strong>President and CEO</strong><br><strong> Foundation for Appalachian Ohio</strong></p> <p>​Cara Dingus Brook is President and CEO of the Foundation for Appalachian Ohio (FAO), a regional community foundation that serves 32 counties in Appalachian Ohio. Under her leadership, FAO has tripled its assets, generated more than $10 million in funding to advance entrepreneurial and educational developments, led the formation of six local community foundation efforts, and incubated the Ohio Appalachian Business Council and the Appalachian Partnership for Economic Growth to generate new opportunity in the region. Before joining FAO, Ms. Dingus Brook was the Southeast Ohio District Representative for Senator George Voinovich and the manager of Appalachian Ohio Giving, a multi-sector partnership promoting philanthropy as a community and economic development tool. She received a bachelor’s degree in English and a master’s degree in public administration from Ohio University.</p>03;Advisory Board16;Community Development Representatives<img alt="" src="/PublishingImages/Cara%20Dingus%20Brook%208048%20-%20official%20black%20suit%20option.jpg" style="BORDER:0px solid;" />
Fairchild Staff/DispForm.aspx?ID=63GregoryFairchildGregory Fairchild<p><strong>Isidore Horween Professor of Business Administration</strong><br><strong> Darden School of Business, University of Virginia</strong></p> <p>​Gregory Fairchild is the Isidore Horween Professor of Business Administration at the University of Virginia's Darden School of Business and the Associate Dean for Washington, D.C., Area Initiatives. Professor Fairchild has received numerous awards, including an $850,000 grant in 2008 from the John D. and Catherine T. MacArthur Foundation and the Faculty Pioneer Award from the Aspen Institute in 2009. He was named the MBA Professor of the Year by Poets & Quants in 2017, one of the Top Ten Business School Professors in the World by CNN/Fortune in 2010, and one of five high impact professors by Financial Times in 2010. Professor Fairchild also helps lead Resilience Education, a non-profit that provides high quality education to developing communities and administers the Darden Prison Program, among other initiatives.</p>03;Advisory Board16;Community Development Representatives<img alt="" src="/PublishingImages/Greg%20Fairchild_photo_1_high_res.jpg" style="BORDER:0px solid;" />
Bautista Staff/DispForm.aspx?ID=60FaithBautistaFaith Bautista<p><strong>President and CEO</strong><br><strong> National Asian American Coalition</strong></p> <p>​Faith Bautista is President and CEO of the National Asian American Coalition, a HUD-approved homeowner, small business, and consumer advocacy organization serving the nation’s 20 million Asian Americans. Ms. Bautista advocates before Congress, the California Legislature, Fortune 500 companies, and key federal regulators. She has been a member of the Office of Thrift Supervision Minority Depository Institutions Advisory Committee and the Low-Income Oversight Board for the California Public Utilities Commission. Ms. Bautista also hosts “Owning A Piece of America,” a news and lifestyle television show that is aired in California to 3.5 million viewers and discusses issues such as housing and small business development, consumer education, lifestyle and health, and community and government relations. </p>03;Advisory Board17;Consumer/Public Interest Representatives<img alt="" src="/PublishingImages/Faith_Bautista.jpg" style="BORDER:0px solid;" />
J. Chapa Staff/DispForm.aspx?ID=61JudyJ. ChapaJudy J. Chapa<p><strong>Vice President of Corporate Social Responsibility</strong><br><strong> Financial Services Roundtable</strong></p> <p>​Judy J. Chapa is Vice President of Corporate Social Responsibility for the Financial Services Roundtable (FSR), an advocacy organization for America’s financial services industry. Ms. Chapa oversees the Corporate Social Responsibility Department, which promotes members’ efforts to improve their communities. Before joining FSR, she was President of Chapa Consulting, where she worked on financial literacy and women’s issues. She was appointed by President Bush in 2002 to serve as the first Deputy Assistant Secretary for the Treasury Department’s Office of Financial Education, and established the Office and developed Treasury’s financial education policy. Ms. Chapa received a bachelor’s degree in broadcast journalism from the University of Texas and has received numerous awards for professional achievement, including the WISER (Women’s Institute for a Secure Retirement) Hero Award.</p>03;Advisory Board17;Consumer/Public Interest Representatives<img alt="" src="/PublishingImages/Judy%20Chapa.jpg" style="BORDER:0px solid;" />
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Carranza Staff/DispForm.aspx?ID=52JovitaCarranzaJovita Carranza<p><b>Treasurer of the United States<br> U.S. Department of the Treasury</b></p><p>​Jovita Carranza is the Treasurer of the United States. In that capacity, she serves as a principal advisor to Secretary Mnuchin and focuses on increasing participation in our economy by fostering financial capability and sustainability. In addition, she oversees the Office of Consumer Policy and coordinates the interagency Financial Literacy and Education Commission. Treasurer Carranza also maintains the historic role of advising the Secretary on matters relating to coinage produced by the U.S. Mint. She has oversight responsibility for all operations of the U.S. Mint, including Fort Knox. Treasurer Carranza earned her MBA from the University of Miami in Coral Gables, Florida, and received executive, management, and financial training at the INSEAD Business School in Paris, France; Michigan State University; and the University of Chicago.</p>03;Advisory Board18;Federal Representatives<img alt="" src="/PublishingImages/Jovita_Carranza.jpg" style="BORDER:0px solid;" />
Hazlett Staff/DispForm.aspx?ID=53AnneHazlettAnne Hazlett<p><strong>Assistant to the Secretary for Rural Development</strong><br><strong> U.S. Department of Agriculture</strong></p> <p>​Anne Hazlett is the Assistant to the Secretary for Rural Development at the U.S. Department of Agriculture (USDA) and oversees the Rural Utilities Service, the Rural Business Service, and the Rural Housing Service. Prior to joining USDA, Ms. Hazlett served as Republican Chief Counsel for the Senate Committee on Agriculture, Nutrition, and Forestry, where she was an advisor on many issues impacting rural America. In addition, she was the Director of Agriculture for her home state of Indiana and also served as chief of staff to Indiana Lt. Governor Becky Skillman. Ms. Hazlett received a bachelor’s degree in agricultural communications from Kansas State University and holds a law degree from Indiana University and a master’s degree in agricultural law from the University of Arkansas.</p>03;Advisory Board18;Federal Representatives<img alt="" src="/PublishingImages/Anne%20Hazlett%203.jpg" style="BORDER:0px solid;" />
Manger Staff/DispForm.aspx?ID=54WilliamMangerWilliam Manger<p><strong>Associate Administrator for Capital Access</strong><br><strong> U.S. Small Business Administration</strong></p> <p>​William Manger is the Associate Administrator for the U.S. Small Business Administration’s Office of Capital Access, which provides funding through banks and other lending partners to small businesses that cannot otherwise obtain loans. As Associate Administrator, Mr. Manger manages a $120 billion portfolio of direct and guaranteed loans, nine operation centers, and 560 employees of the Office of Capital Access. Prior to his current position, he served as Managing Director at Brock Capital Group, a boutique investment bank in New York City, where he advised and supported small to medium-sized enterprises in their efforts to raise capital and expand their businesses. Mr. Manger received a BA from Trinity College and an MBA from Columbia Business School.</p>03;Advisory Board18;Federal Representatives<img alt="" src="/PublishingImages/Bill_Manger.jpg" style="BORDER:0px solid;" />
Rackleff Staff/DispForm.aspx?ID=55NealRackleffNeal Rackleff<p><strong>Assistant Secretary for Community Planning and Development</strong><br><strong> U.S. Department of Housing and Urban Development</strong></p> <p>​Neal J. Rackleff is the Assistant Secretary for Community Planning and Development at the U.S. Department of Housing and Urban Development (HUD).  Before joining HUD, Mr. Rackleff was a partner at the law firm Locke Lord, where his practice focused on community and economic development, affordable housing, and inner-city revitalization. Previously, he served as Director of the City of Houston's Housing and Community Development Department. During his tenure there, the department financed production of 7,800 affordable multifamily housing units and assisted 1,700 single-family homeowners with reconstruction of hurricane damaged homes, providing financial assistance to low-income homebuyers and emergency home repairs to ameliorate health and safety issues. Mr. Rackleff graduated from Brigham Young University and received his law degree from the University of Southern California.</p>03;Advisory Board18;Federal Representatives<img alt="" src="/PublishingImages/Neal-Rackleff-Official-Portrait-Hi-Res-.jpg" style="BORDER:0px solid;" />
R. Jones III Staff/DispForm.aspx?ID=58RobertR. Jones IIIRobert R. Jones III<p><b>President and CEO <br> United Bank</b></p> <p>​Robert R. Jones III joined United Bank of Atmore, a CDFI based in southern Alabama, in 1990 and became its President and CEO in 1992. Mr. Jones is the chairman of the board of the Community Development Bankers Association, and serves on the boards of Auburn Magazine and the Community Foundation of South Alabama and on the Federal Reserve Bank of Atlanta Community Depository Institutions Advisory Council. In addition, he serves on several boards associated with the American Bankers Association (ABA). Mr. Jones received both his BS and MBA degrees from Auburn University. He is a graduate of Southwestern Graduate School of Banking at Southern Methodist University, the ABA National Commercial Lending School, and the Professional Master of Banking School at Louisiana State University. </p>03;Advisory Board19;Insured Depository Institution Representatives<img alt="" src="/PublishingImages/Robert_Jones.jpg" style="BORDER:0px solid;" />
O. McDonald Staff/DispForm.aspx?ID=59ToddO. McDonaldTodd O. McDonald<p><strong>Vice President of Strategy</strong><br><strong> Liberty Bank and Trust</strong></p> <p>​Todd O. McDonald is the Vice President of Strategy at Liberty Bank and Trust, a New Orleans-based CDFI and Minority Depository Institution with locations in eight states. Mr. McDonald is intimately involved in high-level corporate strategy decisions that ultimately affect the long-term growth and sustainability of his bank. In his role as Vice President of Strategy, he is responsible for uncovering, evaluating, and developing business plans for growth and performance improvement opportunities, leading high impact initiatives, and providing overall management for special projects initiated by the CEO and Board. He also serves as a member of the bank’s board of directors. Mr. McDonald is a graduate of Morehouse College and received an MBA from Northwestern University’s Kellogg School of Management.</p>03;Advisory Board19;Insured Depository Institution Representatives<img alt="" src="/PublishingImages/Todd%20McDonald%202.JPG" style="BORDER:0px solid;" />
Jett Staff/DispForm.aspx?ID=64ShaneJettShane Jett<p><strong>Chief Executive Officer</strong><br><strong> Citizen Potawatomi Community Development Corporation</strong></p> <p>​Shane D. Jett is the CEO of Citizen Potawatomi Community Development Corporation (CPCDC), a Native CDFI that provides financial products and services to members and employees of the Citizen Potawatomi Nation and to Native American-owned-businesses throughout Oklahoma. Under his leadership, CPCDC’s assets have grown from $14 million to $68 million. An Oklahoma Cherokee, Mr. Jett served for six years in the Oklahoma Legislature and co-founded its Native American Caucus. He serves on the boards of Opportunity Finance Network and the Citizen Potawatomi Nation’s First National Bank & Trust, and is president of the board of the Cherokee National Historical Society. Mr. Jett received a bachelor’s degree in international business from Oklahoma Baptist University. He is a recipient of the Cherokee Nation’s Statesmanship Award.</p>03;Advisory Board20;Native American Tribal Development Representatives<img alt="" src="/PublishingImages/Shane_Jett.jpg" style="BORDER:0px solid;" />