On Thursday, June 12, 2025, the Federal Reserve Bank of New York hosted an in-person event exploring how Community Development Financial Institutions (CDFIs) can expand into new geographies, products, and markets. Speakers highlighted examples of communities where CDFIs have expanded their lending and discuss the opportunities and challenges facing funders and investors who might facilitate this expansion.
Event Details
Date & Time
June 12, 2025
2:30pm-5:00pm
June 12, 2025
2:30pm-5:00pm
Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY
Audience
This event was open to the public.
Media
Agenda
This event was open to the media. All remarks were on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
Agenda
| 2:30pm-2:40pm | Opening Remarks
Carmi Recto, Community Development Outreach Associate, Federal Reserve Bank of New York |
| 2:40pm-2:55pm | Presentation: Credit Insecurity in the United States | Presentation
Ambika Nair, Community Development Research & Analysis Analyst, Federal Reserve Bank of New York Claire Kramer Mills, Director of Community Development Analysis, Federal Reserve Bank of New York |
| 2:55pm-3:10pm | Presentation: Expanding the Reach of CDFIs
Mark Pinsky, President and Founder, CDFI Friendly America |
| 3:10pm-3:15pm | Break |
| 3:15pm-4:00pm | Panel: Expanding to New Communities
Moderator: Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York J.D. Allen, Chief Financial Officer, New Jersey Community Capital Amandula Anderson, Executive Director - Indiana Region, IFF Paige Cognetti, Mayor of Scranton, PA John Hamilton, former Mayor of Bloomington, Indiana and Consultant for CDFI Friendly America |
| 4:00pm-4:15pm | Break |
| 4:15pm-5:00pm | Panel: Funding Expansion
Moderator: Jake Scott, Community Development Research & Analysis Analyst, Federal Reserve Bank of New York Allison Clark, Associate Director, Impact Investments, MacArthur Foundation Shuman Chakrabarty, Managing Director and Head of Impact Finance & Advisory (IFA), JPMorganChase Carlos Peña, Director of Investments, ImpactAssets Capital Partners Alex Sornoza, Vice President, Member Relations and Senior Business Development Officer, Federal Home Loan Bank of New York |
Speakers
Chief Financial Officer
New Jersey Community Capital
Executive Director - Indiana Region
IFF
Managing Director and Head of Impact Finance & Advisory (IFA)
JPMorganChase
Associate Director, Impact Investments
MacArthur Foundation
Mayor of Scranton, PA
John Hamilton
Former Mayor of Bloomington, Indiana
Consultant for CDFI Friendly America
Director of Community Investments
Federal Reserve Bank of New York
Director of Community Development Analysis
Federal Reserve Bank of New York
Community Development Research & Analysis Analyst
Federal Reserve Bank of New York
Director of Investments
ImpactAssets Capital Partners
President and Founder
CDFI Friendly America
Community Development Outreach Associate
Federal Reserve Bank of New York
Community Development Research & Analysis Analyst
Federal Reserve Bank of New York
Vice President, Member Relations and Senior Business Development Officer
Federal Home Loan Bank of New York
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