Unique Professional Development Program ‘by CDFIs for CDFIs’ to Advance Opportunity Finance Expertise Across the U.S.
Opportunity Finance Network (OFN) and the Citi Foundation today announced the selection of 50 Community Development Financial Institution (CDFI) professionals to take part in the Citi Leadership Program for Opportunity Finance. Adam Zimmerman and Rebecca Tuccio were two of the professionals selected for this program.
The 10-month course begins in January.
Adam Zimmerman, EVP, and Rebecca Tuccio, Consumer Portfolio Administration at Craft3 were chosen from more than 120 applicants nationwide. The selections reflect the diversity of CDFIs and the low-income, low-wealth, and other disadvantaged communities they serve. Craft3’s mission is to strengthen economic, ecological and family resilience in Pacific Northwest communities. It serves low-income communities in Washington and Oregon.
“I am so pleased that Adam and Rebecca have been selected to participate in the Citi Leadership Program,” said John Berdes, Craft3 CEO. “This is an excellent opportunity to promote leaders that represent the diverse communities that CDFIs serve.”
The program will include three separate career level cohorts, with 11 Executive Leaders, 19
Mid-career Leaders, and 20 Emerging Leaders. Adam Zimmerman was selected to participate in the Executive Leaders Level, and Rebecca Tuccio in the Emerging Leaders level.
“Developed by CDFIs for CDFIs, the program supports professionals who strive to lead transformational—structural and systemic—change,” said Mark Pinsky, CEO of OFN. “OFN is excited to be able to offer this unique CDFI leadership program with the generous support of the Citi Foundation, which has supported the CDFI industry for more than 20 years.”
Participants come from 21 states and the District of Columbia. They represent a variety of CDFI types and specialties, including commercial real estate lending, microfinance, consumer finance, and affordable-housing finance.
A complete list of participants is available at: http://ofn.org/leadership
Craft3 is a nonprofit community development financial institution with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans to entrepreneurs, non-profits, individuals and others who don’t normally have access to financing. We then complement these financial resources with our expertise, personal connections and other advocacy for our clients. Since 1995, Craft3 has invested more than$260 million in 3,647 people and businesses in Washington and Oregon. Learn more at www.craft3.org.
About Opportunity Finance Network
Opportunity Finance Network (OFN), the leading network of private financial institutions, creates growth that is good for communities, investors, individuals, and the economy. Members of OFN are community development financial institutions (CDFIs) that deliver responsible lending to help low-wealth and low- income communities join the economic mainstream. Through 2011, OFN’s network originated more than $30 billion in financing in urban, rural, and Native communities, and financed 940,000 housing units, 83,000 business and microenterprises, and 9,000 community facilities. More information is available at: www.opportunityfinance.net.
About the Citi Foundation
The Citi Foundation is committed to the economic empowerment and financial inclusion of low- to moderate-income individuals and families in the communities where we work so that they can improve their standard of living. Globally, the Citi Foundation targets its strategic giving to priority focus areas: Microfinance, Enterprise Development, College Success, and Financial Capability and Asset Building. In the United States, the Citi Foundation also supports Neighborhood Revitalization programs. The Citi Foundation works with its partners in Microfinance, Enterprise Development, and Neighborhood Revitalization to support environmental programs and innovations. Additional information can be found at www.citifoundation.com.