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 30, 2021 advisory board meeting
september 30, 2021 ADVISORY BOARD MEETING
- Community Development Advisory Board Meeting Postponed - The virtual meeting of the Community Development Advisory Board scheduled for Thursday, September 30, 2021 at 3:30 p.m. Eastern Time has been postponed to a later date to be determined.
- Federal Register Meeting Notice
- White House Announcement on Advisory Board Members
AUGUST 27, 2020 ADVISORY BOARD MEETING
SEPTEMBER 23, 2019 ADVISORY BOARD MEETING
AUGUST 23, 2018 ADVISORY BOARD MEETING