BLOG POSTS BY GAIL THOMAS

New Markets Tax Credits Help Museums Increase Community Impact

FEBRUARY 28, 2019

Historically, museums have been defined as buildings where objects of historical, scientific, artistic, or cultural interest are stored and exhibited. But, many museums have evolved into education centers that actively engage with surrounding communities (...)

CDFIs Help Make Manufactured Housing Affordable for America

JULY 09, 2019

Homeownership has always been a major part of the "American Dream."? While conventional site-built housing has become out of reach for many Americans, manufactured housing has made homeownership attainable for many low- and moderate-income families priced (...)

Jeff Merkowitz is Senior Advisor to CDFI Fund Director Jodie Harris and brings over two decades of both policy and direct, on the ground experience in the areas of housing finance and community development. He previously served as Director of Operations and Legislative Assistant to U.S. Senator Barbara Boxer, where he was responsible for crafting the Senator's policy responses to both the foreclosure crisis and the longstanding shortage of affordable housing in California. His work for the Senator to expand refinancing opportunities led to over 2 million struggling homeowners being able to refinance their mortgages at historically low rates, and he led efforts in the Senate to push the Federal Housing Finance Agency to fund the Housing Trust Fund and Capital Magnet Fund.

Prior to his time in the Senate, Merkowitz served as the Chief Financial Officer for Opportunity Fund, a certified CDFI. There he created the financial infrastructure to manage over $25 million in lending programs for affordable housing development and small businesses, as well as receive and distribute $50 million in New Markets Tax Credit allocations, and developed key partnerships with local and national banks. While in California, he also was a director on the board of InnVision, the largest homeless services provider in the South Bay.

Additionally, Merkowitz served as a Peace Corps Volunteer in Costa Rica, where he organized local women's groups to start up small businesses and provided assistance to rural communities with small development projects such as bridges, roads, health posts, and potable water projects. He is a graduate of Princeton University and earned a MBA from the Ross School of Business at the University of Michigan.

Director Annie Donovan has deep roots in community development and finance. She was most recently Chief Executive Officer of CoMetrics, a social enterprise that provides high quality, affordable business intelligence tools to small businesses and nonprofits seeking to improve financial management, better measure social impact, and increase their capacity for innovation.

Prior to CoMetrics, Director Donovan was Senior Policy Advisor to the White House, working collaboratively with the Office of Social Innovation and the Council on Environmental Quality. She was part of a team focused on advancing impact investing, social enterprise and impact data as key strategies for improving the social sector. Donovan has been Chief Operating Officer of Capital Impact Partners, a certified Community Development Financial Institution (CDFI) where she was instrumental in creating the high performing teams and strategic plans that positioned Capital Impact as a market leader in the areas of education, health care, long terms care and affordable homeownership finance. She led the company's efforts to build capacity in fundraising, policy, and innovation.

Director Donovan has also been a thought leader and a board member of many of the highest performing organizations in the community development sector, including serving as President of the New Markets Tax Credit Coalition. She has published papers and articles for the National Academy for Public Administration, the Federal Reserve Bank of San Francisco, the Federal Reserve Bank of Boston, Forbes, and the Skoll World Forum on Social Entrepreneurship. She has an undergraduate degree in Economics and an MBA in Finance.

SPEECHES BY ANNIE DONOVAN

Keynote Address by CDFI Fund Director Annie Donovan at the 2018 Opportunity Finance Network Conference

NOVEMBER 05, 2018

Thank you for the kind introduction, Jim. Thank you Lisa Mensah and the OFN Board of Directors for the invitation to join you this afternoon. It's great to be here in Chicago, a town steeped in community development history! It's always a pleasure to (...)

Keynote Address by Director Annie Donovan at the 2016 CDFI Coalition Institute

MARCH 09, 2016

IntroductionThank you, Connie, for your kind introduction. It is great to be here at the CDFI Institute. I want to express my gratitude to the CDFI Coalition for inviting me to speak and for your support for the CDFI Fund and the CDFI industry over the y (...)

Keynote Address by Director Annie Donovan at the 2015 CDFI Coalition Institute

FEBRUARY 24, 2015

Thank you, Ray, for your kind words. I also would like to thank the CDFI Coalition for giving me this opportunity to speak, and for their longstanding support for the CDFI Fund and the CDFI industry. It is an honor and a pleasure for me to join you here (...)

Read more speeches by Annie Donovan

BLOG POSTS BY ANNIE DONOVAN

The CDFI Fund's Guiding Principles

MARCH 09, 2016

Today I spoke at the 2016 CDFI Coalition Institute to discuss the CDFI Fund's recent accomplishments and our upcoming objectives. You can read my full speech here, but I wanted to take a moment to emphasize an important development for the CDFI Fund that (...)

CDFI Fund Retires CIIS-Compliance Reporting is Now Live in AMIS

SEPTEMBER 04, 2018

Earlier this summer, the CDFI Fund announced that it was integrating award recipient reporting into the Award Management Information System (AMIS). I am very happy to report that the transition is now complete and the Community Investment Impact System (C (...)

The Impact of Community Investing

MAY 25, 2017

One of the most energizing aspects of my job as director of the Community Development Financial Institutions Fund (CDFI Fund) is engaging with a diverse array of stakeholders who care about creating economic opportunity in distressed communities and telli (...)

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.

Vacant

Oscar Gonzales is a researcher and Associate Manager for the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Mr. Gonzales currently serves as the Acting Program Manager for the CDFI Fund’s Office of Financial Strategy and Research.

Previously, he worked for the United States Congress at the U.S. Congressional Research Service (CRS) in the area of federal economic and community development programs, providing policy research support for members of Congress and Congressional Committees. His policy portfolio at CRS included federal programs such as the CDFI Fund, the U.S. Small Business Administration, the Economic Development Administration at the U.S. Department of Commerce, and the Community Development Block Grant program at the U.S. Department of Housing and Urban Development.

Prior to working at CRS, he worked in the Division of Insurance and Research at the Federal Deposit Insurance Corporation, analyzing the financial performance of community banks and conducting research on the impact of national disasters on financial institutions and local communities. He is completing his Ph.D. at the University of Maryland.

BLOG POSTS BY DAVID FLEITES

Tackling Banking Deserts By Giving New Life to Unused Real Estate

OCTOBER 12, 2017

A BEA Program Success Story - HOPE Credit Union Receives Two Regions Bank Branches Last month, the CDFI Fund announced the selection of 102 FDIC-insured depository institutions to receive $18.6 million in fiscal year (FY) 2016 Bank Enterprise Awa (...)

BLOG POSTS BY CLINT HASTINGS

Thinking Local: Native CDFIs Support Businesses, Growth in South Dakota

SEPTEMBER 25, 2017

Just a few weeks after I joined the CDFI Fund as a Senior Portfolio Manager for the Native Initiatives program, I had the honor of accompanying CDFI Fund Director Annie Donovan as she traveled to the Cheyenne River and Pine Ridge Indian Reservations in So (...)

CDFI Fund Programs Reach Far and Wide, Even to the Arctic Circle

DECEMBER 13, 2017

In late October, CDFI Fund Director Annie Donovan and I traveled to Alaska to participate in the Annual Conference of the Alaska Federation of Natives and to meet with several organizations that have utilized CDFI Fund programs. To say that Alaska, app (...)