Lisa Mensah joins Faruk Daudbasic (First Eagle Bank), Tra Alford (Citizens National Bank), Cynthia Weaver (Beneficial State Bank) and Robert James II (Carver State Bank) for a session titled Strategic Alliances for Reaching Markets and Creating Impact at the 2018 CDBA Peer Forum and Membership Meeting.
OFN continues to work closely with industry associations to advance our common policy objectives. This week, OFN participated in two partner events: the 2018 NMTC Coalition Policy Conference and the Community Development Bankers Association (CDBA) Peer Forum.
“OFN has a strong interest in the continuation of the NMTC program. At the NMTC Coalition Policy Conference on June 6 we applauded the results of NMTC efforts to attract investment capital and generate economic activity in some of the country's poorest communities. The latest impact figures in the NMTC Progress Report are compelling and we used them to good advantage in our Hill meetings in the afternoon,” said Jennifer Vasiloff, Chief External Affairs Officer, for OFN.
The NMTC Progress Report provides a survey of NMTC activities in 2017. Over 83% of 2017 projects were in severely distressed census tracts.
Also in attendance at the NMTC Coalition Policy Conference were two co-sponsors of NMTC extension legislation, Sen. Portman (R-OH) and Sen. Cardin (D-MD), demonstrating bipartisan support for the permanent extension of the program.
The same day, OFN’s President and CEO Lisa Mensah was the moderator of a panel discussion entitled Strategic Alliances for Reaching Markets and Creating Impact at the CDBA Peer Forum in Washington, D.C.
“It was a delight be on the stage with some thoughtful leading community development bankers as we teased out how we can continue to fight for economic progress in the U.S.,” said Lisa Mensah. “I was energized by the powerful ideas and felt that we have solid evidence that strategic partnerships between community development banks and loans funds make business sense for both and can drive significant economic impact.”
The CDBA Peer Forum is a two-day roundtable discussion featuring conversations between community development bank executives and leading community development finance experts. Over the years, the event has come to play a key role in the Community Development Banking industry as a hub of relationship building, policy discussion and innovation.
See more photos from the day here.