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Michael Swack Reappointed to Federal Community Development Advisory Board

September 13, 2024—The Carsey School of Public Policy is pleased to announce that Michael Swack, the Founding Director of Carsey’s Center for Impact Finance and Research Professor at UNH, has been reappointed by President Biden to the Community Development Advisory Board, a 15-person federal advisory committee to the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The function of the Advisory Board is to advise the CDFI Fund’s Director on the policies regarding the activities and programs of the CDFI Fund. 

“I am pleased to congratulate and welcome this esteemed group of professionals who share the CDFI Fund’s vision of an America in which all people and communities have access to the investment capital and financial services they need to prosper,” said CDFI Fund Director Pravina Raghavan.

Carsey Director Stephen Bird commented, “The Carsey School is excited and proud of Michael Swack's reappointment to the CDFI Board. His superb expertise in this area is being appropriately recognized.” Ellen Lurie Hoffman, Carsey’s Center for Impact Finance Director, added, “Continuing to serve on the Advisory Board will enable Michael Swack to continue his role as a thought leader in community and economic development and further the mission of the Center for Impact Finance, which is to address income and wealth inequality and increase access to capital for underserved communities, through research, training, and practitioner driven solutions.”

Swack, who has served on the Advisory Board since September 2021, said, “I am honored to be reappointed to the Community Development Advisory Board for the next four years. It’s been a rewarding experience to be working with the CDFI Fund on policies and practices related to the CDFI Fund’s important work in helping provide access to capital to CDFIs—institutions that effectively invest directly in economically disadvantaged communities.”

Since its creation in 1994, the CFI Fund has awarded more than $7.4 billion to certified CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Awards Program, the Capital Magnet Fund, the Financial Education and Counseling Pilot Program, and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated more than $76 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program and guaranteed nearly $2.5 billion in bonds through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website. 

The Carsey School of Public Policy is nationally recognized for research, policy education, and bringing people together for thoughtful dialogue to address important societal challenges. To learn more about its research, academic programs, and centers, please visit the Carsey School of Public Policy’s website.