Transforming Communities: Driving and Assessing Investment

Transforming Communities: Driving and Assessing Investment, a collaboration between the Federal Reserve Bank of New York and Local Initiatives Support Corporation (LISC), gathered senior leaders from across the nonprofit, public, and private sectors in the Federal Reserve’s Second District to discuss the crucial role of community development finance in driving the transformation of under-resourced communities.

The conference first took an introspective look at existing investment vehicles and the assessment of their impact, and then tackled ways by which the field’s current successes can be replicated. Speakers also addressed the future of community development finance and how the ecosystem will evolve to achieve the ultimate goal of community transformation.

Date and Time
Tuesday, December 12
9:00 a.m. - 3:00 p.m.

Benjamin Strong Room
Federal Reserve Bank of New York
33 Liberty Street, New York, NY

By invitation only.

8:30am Registration
9:00am Welcome Remarks

Eric Belsky, Director of the Division of Consumer and Community Affairs, Federal Reserve Board of Governors
Denise Scott, Executive Vice President for Programs, LISC
9:30am Keynote Address

Maria Torres-Springer, Commissioner, New York City Department of Housing Preservation and Development
9:50am Session 1: How are current investment vehicles working to drive capital to communities in need?

Colvin Grannum, President, Bedford Stuyvesant Restoration Corporation
Maureen Hassett, Senior Vice President of Governance, Communications and Strategic Initiatives, New Jersey Economic Development Authority
Jim King, Chief Executive Officer and President, Fahe
Marc Jahr, Senior Advisor, Forsyth Street - Moderator
10:50am Break
11:05am Session 2: Where have we been and where do we need to go to measure the effect of community development finance on the lives of low- and moderate-income people?

Antony Bugg-Levine, Chief Executive Officer, Nonprofit Finance Fund
Joseph Carbone, President and Chief Executive Officer, The WorkPlace
Amy Gillman, Senior Program Officer, Robert Wood Johnson Foundation
Ingrid Gould Ellen, Director, Furman Center for Real Estate and Urban Policy, New York University
Shena Ashley, Director, Center on Nonprofits and Philanthropy, Urban Institute - Moderator
12:05pm Lunch and Fireside Chat: How can we replicate the affordable housing model to support other sectors and other regions where there are fewer resources?

Benjamin Dulchin, Executive Director, Association for Neighborhood and Housing Development
James Patchett, President, New York City Economic Development Corporation
1:10pm Session 3: What is the future of community development finance and how will the ecosystem evolve?

Navjeet Bal, Vice President and General Counsel, Social Finance
Catherine Godschalk, Vice President, Investments, Calvert Impact Capital
Fran Seegull, Executive Director, US Impact Investing Alliance
Maurice Jones, President and Chief Executive Officer, LISC – Moderator
2:10pm Closing Remarks

Adrian Franco, Director of Community Development Finance, Federal Reserve Bank of New York
2:15pm Coffee & Desserts
event details
Community Reinvestment Act (CRA)
Regional Data
Additional Resources from our Speakers

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