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.

November 16, 2017 Advisory Board Meeting

January 30, 2017 Advisory Board Conference Call

May 17, 2016 Advisory Board Meeting



Holmes Staff/DispForm.aspx?ID=14CalvinHolmesCalvin L. Holmes<p>President<br> Chicago Community Loan Fund<br> Chicago, Illinois</p><p> Calvin L. Holmes is the President of the Chicago Community Loan Fund (CCLF), a position he has held since 1998. He first began working with the CCLF as a Loan Officer in 1995. Prior to this, Mr. Holmes was a property manager with the St. Ambrose Housing Aid Center in Baltimore from 1993 to 1995. Previously, he served as a transportation planner for three years for the City of Chicago from 1988 to 1991. Mr. Holmes has served on a number of boards and committees, including the Bank of America National Community Advisory Board, the Housing Partnership Network, the Community Reinvestment Fund, and the Citibank NMTC Corporation Community Advisory Board.    </p>03;Advisory Board15;CDFI Representatives
Phillips Staff/DispForm.aspx?ID=15RonaldPhillipsRonald Phillips<p>President and Chief Executive Officer [retired]<br> Coastal Enterprises, Inc.<br> Wiscasset, Maine </p><p> Ronald Phillips is the President and Chief Executive Officer of Coastal Enterprises, Inc. [retired], Brunswick, Maine, a primarily rural nonprofit community development corporation and CDFI he founded in 1977. Mr. Phillips served on many national Board of Directors, including the national Local Initiatives Support Corporation and its Rural Advisory Board, and the Opportunity Finance Network, the trade association for CDFIs. Mr. Phillips helped found the New Markets Tax Credit Coalition, serving on its board since inception, the Executive Committee, and as president from 2008 to 2010. He continues to be active in community investing advocacy. </p>03;Advisory Board15;CDFI Representatives
Lizarraga Staff/DispForm.aspx?ID=16DavidLizarragaDavid C. Lizarraga<p>Chairman and Founder<br> TELACU Education Foundation<br> Los Angeles, California </p><p> David Lizárraga is the Chairman and Founder of TELACU Education Foundation. Mr. Lizárraga serves as Chairman of the Board at Community Commerce Bank and is a member of the Minority Business Roundtable. Mr. Lizárraga is the immediate past Chairman of the United States Hispanic Chamber of Commerce and has served on a number of boards, including the Congressional Hispanic Caucus’ Corporate America Task Force, Wells Fargo’s Community Development Enterprise, and Bank of America’s National Community Advisory Council.</p>03;Advisory Board16;Community Development Representatives
Hall Staff/DispForm.aspx?ID=17LisaHallLisa Hall<p>Managing Director of Impact Investing<br> Anthos Asset Management<br> Amstelveen, Netherlands</p> Lisa Hall is Managing Director of Impact Investing with Anthos Asset Management B.V., a privately owned investment manager based in Amsterdam. Ms. Hall joined Anthos Asset Management in 2013 to launch a new portfolio focused on social, environmental and financial returns. She previously served as President and CEO of Calvert Foundation, a global leader in impact investing. She presently serves on the board of the Non-Profit Finance Fund, a US based community development financial institution, and she is currently a member of the Board of Overseers for the Graduate School of Education at the University of Pennsylvania.03;Advisory Board16;Community Development Representatives
Low Staff/DispForm.aspx?ID=18DouglasLowDouglas H. Low<p>Executive Director and Vice President<br> Development Kidz Express<br> Chicago, Illinois </p><p> Douglas Low is the Executive Director and Vice President of Development for Kidz Express. Mr. Low founded Competitive Strategies Group in 1996. Prior to 1996, Low was the Executive Assistant and Senior Advisor to the Chairman and Commissioners of the Illinois Commerce Commission. Mr. Low is an active member of the Steering Committee for Strengthening Chicago’s Youth.</p>03;Advisory Board17;Consumer/Public Interest Representatives
de Souza Briggs Staff/DispForm.aspx?ID=33Xavierde Souza BriggsXavier de Souza Briggs<p>Vice President<br>Economic Opportunity & Assets<br>Ford Foundation</p> <p>Xavier (“Xav”) de Souza Briggs is vice president of the Ford Foundation’s Economic Opportunity and Assets program. He leads the foundation’s work promoting economic fairness, advancing sustainable development, and building just and inclusive cities in the United States, Latin America, Africa, Asia and the Middle East. From January 2009 to August 2011, while on public service leave from the MIT faculty, Xav served as associate director of the Office of Management and Budget in the White House.</p>03;Advisory Board17;Consumer/Public Interest Representatives
To Be Determined Staff/DispForm.aspx?ID=19To Be DeterminedTo Be Determined03;Advisory Board18;Federal Representatives
Manger Staff/DispForm.aspx?ID=20WilliamMangerWilliam Manger <p>U.S. Small Business Administration<br> Washington, District of Columbia </p><p> William Manger is the Associate Administrator for the Office of Capital Access at the U.S. Small Business Administration (SBA).Mr. Manger is responsible for the SBA’s loan program policy, technology, operations and oversight. This includes SBA’s flagship 7(a) and 504 loan programs, the microloan program and the surety bond program. He manages a $120 billion portfolio of direct and guaranteed loans, nine operation centers, and 560 employees.</p>03;Advisory Board18;Federal Representatives
To Be Determined Staff/DispForm.aspx?ID=21To Be DeterminedTo Be Determined03;Advisory Board18;Federal Representatives
To Be Determined Staff/DispForm.aspx?ID=22To Be DeterminedTo Be Determined03;Advisory Board18;Federal Representatives
To Be Determined Staff/DispForm.aspx?ID=23To Be DeterminedTo Be Determined03;Advisory Board18;Federal Representatives
To Be Determined Staff/DispForm.aspx?ID=24To Be DeterminedTo Be Determined03;Advisory Board18;Federal Representatives
To Be Determined Staff/DispForm.aspx?ID=25To Be DeterminedTo Be Determined03;Advisory Board19;Insured Depository Institution Representatives
Argrett Staff/DispForm.aspx?ID=26BrianArgrettBrian E. Argrett<p>President and Chief Executive Officer<br> City First Bank of D.C.<br> Washington, District of Columbia</p><p>​Brian E. Argrett is President and Chief Executive Officer of City First Bank of D.C., National Association, a position he has held since 2011. Mr. Argrett was Founder and Managing Partner of both Fulcrum Capital Group and Fulcrum Capital Partners, L.P. He also served as President, Chief Executive Officer, and Director of Fulcrum Venture Capital Corporation. Mr. Argrett was Chairman of FirstFed Financial Corporation from 2009 to 2011, and previously was a director of its subsidiary, First Federal Bank of California. He also currently serves as the Vice Chairman of the Community Development Bankers Association and is a Member of the Community Bankers Council of the American Bankers Association.</p>03;Advisory Board19;Insured Depository Institution Representatives
Fiddler Staff/DispForm.aspx?ID=27TanyaFiddlerTanya M. Fiddler<p>Executive Director<br> Four Bands Community Fund<br> Eagle Butte, South Dakota </p><p> Tanya Fiddler is the Executive Director of Four Bands Community Fund, a Native CDFI founded to help entrepreneurs of the Cheyenne River Indian Reservation (Lakota). Ms. Fiddler, an enrolled member of the Cheyenne River Sioux Tribe, is Co-Chair of the Native Community Development Financial Institution Network, a national coalition she cofounded in 2009. She serves on the Board of Directors for both Mazaska Owecaso Otipi Financial and the Corporation for Enterprise Development, and is Chair of the South Dakota Indian Business Alliance. Ms. Fiddler received a B.S. from the South Dakota School of Mines and Technology.</p>03;Advisory Board20;Native American Tribal Development Representatives