Federal Reserve Bank appoints Sue Taoka to Community Advisory Council
The Federal Reserve Board has announced Sue Taoka as a member of its newly created Community Advisory Council (CAC). Taoka is an executive vice president at Craft3, a nonprofit lender that provides business, septic repair and energy-efficiency loans in Washington and Oregon.
The CAC is composed of individuals with consumer- and community development-related expertise who will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest.
“I am honored to have been selected to serve on the Community Advisory Council," Sue explained. "I will do my best to bring the perspectives of the Pacific Northwest, communities of color and under-represented communities to the policy discussions at the Federal Reserve."
Taoka has worked with Craft3, a community development financial institution (CDFI) focused on improving the environment, economy and equity of our communities, since 2008. Her work focuses on providing access to capital to distressed and immigrant communities in urban markets. She also supports the development and implementation of consumer loans products to homeowners for energy-efficiency upgrades or with failing septic systems.
Previously, Taoka spent 14 years as executive director of the Seattle Chinatown International District Preservation and Development Authority, the major property management and community development organization in the Chinatown International District. Taoka also served as the Deputy Chief of Staff to Mayor Norm Rice for housing, economic and community development, neighborhoods, parks, and libraries. Before that, Taoka led the International District Improvement Association.
Taoka’s community involvement includes being a founding member of the National Coalition of Asian Pacific American Community. She is also a board member of several organizations, including the Urban League of Metropolitan Seattle, Seattle Investment Fund, Yesler Community Collaborative and the Friends of Little Saigon.
For a full list of Community Advisory Council members, visit http://www.federalreserve.gov/newsevents/press/other/20150922a.htm.
Craft3 is a nonprofit community development financial institution with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. They do this by specializing in loans to entrepreneurs, nonprofits, individuals and others who don’t normally have access to financing. Craft3 then complements these financial resources with expertise, personal connections and other advocacy for their clients. Since 1994, Craft3 has invested more than $349 million in Washington and Oregon’s people and communities. Learn more at www.Craft3.org and www.Craft3.org/Videos.