White House Readout of Meeting with Community Lenders Expanding Capital for Underserved Communities | The White HouseSkip to contentThe White HouseThe White House The White House Home AdministrationPrioritiesThe RecordBriefing RoomEspañol InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new window Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement MenuCloseTo search this site, enter a search termSearchMobile Menu OverlayAdministrationShow submenu for “Administration””President Joe BidenVice President Kamala HarrisFirst Lady Dr. Jill BidenSecond Gentleman Douglas EmhoffThe CabinetExecutive OfficesShow submenu for “Executive Offices””Council of Economic AdvisersCouncil on Environmental QualityDomestic Policy CouncilGender Policy CouncilNational Economic CouncilNational Security CouncilNational Space CouncilOffice of Intergovernmental AffairsOffice of Management and BudgetOffice of the National Cyber DirectorOffice of National Drug Control PolicyOffice of Public EngagementOffice of Science and Technology PolicyOffice of the United States Trade RepresentativeClimate Policy OfficePresidential Personnel OfficePrioritiesBriefing RoomThe White HouseShow submenu for “The White House””PresidentsFirst FamiliesThe GroundsOur GovernmentGet InvolvedShow submenu for “Get Involved””Write or Call The White HouseJoin UsWhite House FellowsWhite House Internship ProgramThe RecordDisclosuresEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 To search this site, enter a search termSearchMay 24, 2024 White House Readout of Meeting with Community Lenders Expanding Capital for Underserved Communities Home Briefing Room Statements and Releases This week, the White House welcomed the Board of Directors of the Opportunity Finance Network (OFN), a leading national network of more than 400 community development financial institutions (CDFIs) working to ensure communities underserved by traditional finance have access to affordable, responsible financial products and services. A dozen OFN leaders representing community development loan funds, banks, venture capital funds, and credit unions met with Biden-Harris Administration officials from the Domestic Policy Council, National Economic Council, Office of Public Engagement, and U.S. Department of the Treasury to discuss the President and Vice President’s ongoing efforts to catalyze equitable development and economic growth by expanding access to capital for historically underserved communities. Officials reiterated the critical role that CDFIs play in ensuring that federal investments and community finance policies can be leveraged to unlock the economic potential of communities whose talent and ingenuity has too often been left on the sidelines. The group discussed the Administration’s historic support for CDFIs and community investment – including through Treasury’s $8.5 billion Emergency Capital Investment Program and nearly $10 billion State Small Business Credit Initiative (SSBCI) program– and ongoing implementation of the President Biden’s Investing in America agenda.Administration Participants Included:Stephen Benjamin, Assistant to the President, Senior Advisor to the President and Director of the Office of Public EngagementAmber Greene, Special Assistant to the President for Racial and Economic Justice, Domestic Policy CouncilChad Maisel, Special Assistant to the President for Housing and Urban Policy, Domestic Policy CouncilMichael Negron, Special Assistant to the President for Economic Policy, National Economic CouncilJanis Bowdler, Counselor to the Secretary for Racial Equity, U.S. Department of the TreasuryOpportunity Finance Network Board Participants Included:Harold Pettigrew, President & CEO, Opportunity Finance NetworkAisha Benson, CEO & President, Nonprofit Finance FundBetsy Biemann, CEO, Coastal Enterprises (CEI)Christina Travers, CFO & EVP, Local Initiatives Support Corporation (LISC)David Beck, Policy Director, Self-Help Ventures FundElena Gonzales, Chief Operating Officer, Homewise, Inc.Henry Jiménez, President & CEO, Propel NonprofitsMartina Edwards, Chief of Strategic Partnerships, Access to Capital for Entrepreneurs (ACE)Robert Villarreal, Senior Advisor, Momentus CapitalSara Razavi, CEO, Working Solutions CDFITed Piccolo, Executive Director, Northwest Native Development Fund (NNDF)### Stay ConnectedSign UpEmail Address* RequiredZIP CodePlease leave blank.We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better. Opt in to send and receive text messages from President Biden. ShareShare this page on FacebookShare this page on Xhttps://www.whitehouse.gov/briefing-room/statements-releases/2024/05/24/white-house-readout-of-meeting-with-community-lenders-expanding-capital-for-underserved-communities/?utm_source=link HomeThe AdministrationExecutive OfficesPrioritiesThe RecordBriefing RoomThe White HouseDisclosuresGet InvolvedEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 WH.gov Scroll to Top Scroll to Top Top
