Treasury Names Dietrich Douglas Acting Director of CDFI Fund Following Director Pravina Raghavan's Resignation

The U.S. Department of the Treasury has named Dietrich Douglas as the Acting Director of the Community Development Financial Institutions Fund (CDFI Fund). Mr. Douglas currently serves as Legal Counsel for the CDFI Fund.

“With the best interest of the CDFI Fund, the community development finance sector, and the communities we serve in mind, I am looking forward to leading the very dedicated staff of the CDFI Fund during this transition,” said Acting Director Douglas.

Acting Director Douglas has served as the CDFI Fund's Legal Counsel since January 2023. In that role he functioned as lead counsel on all legal matters related to the CDFI Fund's policies, programs, and administration. Prior to being named Legal Counsel in 2023, Acting Director Douglas served as Branch Chief within the U.S. Department of Health and Human Services’ Medicare Operations Division where he supervised a team of attorneys handling claim appeals. Before this, he was Program Counsel with the Legal Services Corporation and performed grant oversight and provided program guidance to federally funded legal-aid organizations that serve low-income individuals.

“We thank Director Raghavan for her dedicated public service and leadership of the CDFI Fund. Since joining the team, Dietrich has demonstrated strong leadership, sound judgment, and a clear commitment to advancing the CDFI Fund’s work. As we look to strengthen the CDFI Fund’s impact, his leadership will help ensure programs are executed efficiently, taxpayer resources are used responsibly, and communities have the tools they need to drive economic growth. I’m confident his leadership will serve the team and its stakeholders well during this transition,” said Alex Smith, Deputy Assistant Secretary for Community and Economic Development.

Acting Director Douglas also has a combined 12 years of experience managing legal and regulatory affairs in State government and practicing civil litigation. He holds a bachelor’s degree from Virginia Union University, and a Juris Doctorate from Howard University School of Law. He is a member of the New York State Bar.