GREGORY ANDERSON
SENIOR VICE PRESIDENT
ADVEST, INC.

Mr. Anderson has over 20 years of public finance experience providing investment banking and financial advisory services to state and local housing finance agencies, private developers and non-profit organizations and institutions. Mr. Anderson has extensive experience with tax-exempt and taxable bond financings by local economic development agencies for affordable housing, manufacturing, project finance and civic facilities. Prior to joining Advest in 1997, Mr. Anderson served as a public finance investment banker at WR Lazard & Co, Dean Witter and Salomon Brothers, where he also served as manager of the quantitative analysis group.

Advest provides diversified financial services including securities brokerage, money management, trading, investment banking, and other financial advisory services to retail and institutional investors through over 90 sales offices in 18 states. Total client assets under management are approximately $35 billion. Since 1997, Advest Public Finance has served as underwriter or financial advisor on over $4 billion of bonds for housing and economic development. (Back to conference main page)

LYNN E. BROWNE
EXECUTIVE VICE PRESIDENT AND ECONOMIC ADVISOR
FEDERAL RESERVE BANK OF BOSTON

Lynn Elaine Browne is an Executive Vice President and Economic Advisor at the Federal Reserve Bank of Boston. She has responsibility for the Bank's public information, community affairs, and regional economic programs. In this capacity, she is overseeing a new economic education initiative that uses New England's history to illustrate how economic growth occurs. From 1993 to 2001, she was Director of Research and oversaw the Bank's scholarly research. Ms. Browne has been with the Bank since 1975. Prior to joining the Bank, she worked for the Commonwealth of Massachusetts as an analyst in the Division of Fiscal Affairs and as an economist for the Office of the Governor.
Her personal research interests are eclectic and her past work included analyses of the financial crisis in Asia, regional patterns in residential investment, and the transformation of New England from a mill-based to a knowledge-based economy.
Ms. Browne earned a bachelor's degree in economics from the University of Western Ontario, and received her doctorate in economics from the Massachusetts Institute of Technology. (Back to conference main page)

DOUGLAS CRISCITELLO
VICE PRESIDENT
JP MORGAN CHASE

Doug Criscitello is a vice president in the Institutional Trust Services division of JPMorgan Chase bank where he provides operational and financial advisory services to federal credit agencies, government-sponsored enterprises, and other entities involved in the credit marketplace. Prior to joining JPMorgan, Doug worked extensively with federal credit agencies from within the government (chief financial officer at SBA; budget examiner at both the Office of Management and Budget and the Congressional Budget Office) and as a consultant (PricewaterhouseCoopers). In those roles, he assisted agencies in forecasting costs of their direct loan and loan guaranty programs, provided oversight of loan servicing operations, and advised on asset disposition and loan sales. Doug has also worked on local economic development initiatives through his roles as founding executive director of the New York City Independent Budget Office and as a financial analyst at a NYC economic development corporation. (Back to conference main page)

PETER HUMPHREYS
PARTNER
DEWEY BALLANTINE, LLP

Peter Humphreys is a partner at Dewey Ballantine LLP, New York in the Firm's asset securitization group. For the past two years he has been selected to the BTI Consulting Client Service All-Star Team for Law Firms based on a survey of corporate counsel at Fortune 1000 companies. He has acted as counsel to various clients in the financial services industry in connection with a wide range of securitizations including cdos, structured financings of commercial mortgages, residential mortgages, auto loans, credit card receivables, franchise loans, home equity loans, utility receivables, trade receivables, health care receivables, bank loans and equipment and operating leases. Mr. Humphreys also has a wide range of experience in other types of capital markets transactions having worked on numerous public offerings, private placements of securities and the development of new financial products for domestic and offshore transactions in both the public and private markets.

Mr. Humphreys has a J.D. degree cum laude from Northwestern University, a B.C.L. (Hons.) degree from Oxford University and an L.L.B. (Hons.) degree from the University of London. He is an Associate of King's College, London and a member of Gray's Inn, London. Mr. Humphreys is admitted to the Bars of the State of New York and the District of Columbia. (Back to conference main page)

STEVE JOSEPH
MANAGING DIRECTOR
SANDLER O'NEILL & PARTNERS, LP

Sandler O'Neill was founded in 1988 with a single mission - to help financial institutions increase their franchise values through the execution of sound financial strategies. Today, Sandler O'Neill is one of the largest investment banks exclusively serving banks, thrifts, insurance companies and REITs.

We raise capital, provide research coverage, act as a market maker, advise on mergers and acquisitions, and trade securities for hundreds of clients nationwide. Our services extend to mutual-to-stock conversions, loan portfolio restructurings, strategic planning, and investment portfolio and overall balance sheet interest rate risk management.

From the beginning, we've based our success upon that of our clients. We firmly believe that our recommendations should be driven by an in-depth understanding of what is best for a client's business, and that our entire firm must work together to help clients achieve their goals.

Often, clients come to us with a specific need, but remain with us because we help them address many challenges. We, our partners and our dedicated colleagues invite you to develop such a relationship with Sandler O'Neill. (Back to conference main page)

FRED MENDEZ
MANAGING DIRECTOR
THE DEVELOPMENT FUND

Fred Mendez is currently the managing director of The Development Fund and an advisor to Wall Street Without Walls Institute. Prior to joining The Development Fund, Fred was the Senior Community Investment Specialist at the Federal Reserve Bank of San Francisco. During his nine years at the Federal Reserve, Fred helped to educate public and private sector organizations about community reinvestment requirements, multi-bank lending initiatives, community development finance and financial modernization. He has published articles on the Community Reinvestment Act, the Gramm Leach Bliley Act, consortia lending, community development investments and Native American economic development. He has both coordinated and made presentations at numerous regional and national conferences. He assisted in the creation of various multi-bank community and economic development lending organizations, the Association of Reinvestment Consortia for Housing, the Economic Development Consortia Roundtable and coordinated the Federal Reserve's National Community Development Lending School.

While his focus is community and economic development, he served on the Federal Reserve's Financial Holding Company Committee, the Patriots Act Working Group, the Capital Markets Committee and was a regular advisor to the Fed's Banking Applications and Legal Units. Prior to his involvement in the community and economic development industry, Fred worked on the options floor of the Pacific Stock Exchange, was the Secondary Market Trade Coordinator for Continental Savings of America and a Financial Industry Specialist for Dow Jones / Telerate. He has two degrees in Economics and serves on the board of the Embarcadero YMCA and the Renaissance Entrepreneurship Center. (Back to conference main page)

JOHN NELSON
CO-DIRECTOR
WALL STREET WITHOUT WALLS

John Nelson is the co-director of the "Wall Street Without Walls" project, a new pro bono financial training and technical assistance initiative to help prepare community organizations seeking funding for projects over $3m from the capital markets. He has worked as a consultant to several investment banking and venture capital firms. Mr. Nelson helped found the Trees for the City project and Urban Forest Council of Washington, DC. He recently served as Chairman of the Joy of Sports Foundation, a national non-profit that uses sports for life skill training for at-risk children. He has authored numerous reports and plans, and written over 100 articles for newsletters, books, and other publications, as well as produced numerous educational videos.

Following his graduation from Yale in 1969 he taught in Fairfax County before returning to academia at the University of Michigan, teaching social psychology and receiving a masters degree in 1974. He then moved to San Francisco to work for the Trust for Public Land from 1974 to 1978 where he directed their land trust and urban programs. From 1979 to 1981 he managed for the National Park Service the work of 20 consultants and 6 staff for the planning of the conversion to social and educational programs of 200 military buildings in the Marin Headlands. Over the last 20 years, he has served as an independent consultant working with, among others: Large companies including being non-profit liaison for the Chevrolet Environmental Program; Government agencies such as the US Department of Housing and Urban Development designing and managing the Small Business Opportunity Project for public housing residents; Small businesses and start ups; and Non-profit organizations such the National Congress for Community Economic Development where he has for the past 5 years managed the "Corporate Partnership Program" funded by the Ford Foundation's Corporate Involvement Initiative, linking companies and the 4,000 CDCs in the US. (Back to conference main page)

DANIEL J. O'GRADY SVP
DIRECTOR OF CAPITAL MARKETS
ORMES CAPITAL MARKETS, INC.

Ormes Capital Markets, Inc. (OCM) is an African-American, independently owned investment banking and institutional brokerage firm, specializing in the underwriting and trading of taxable fixed income and equity securities. The firm serves both domestic and international issuers, and advises clients on a range of corporate finance activities, including the acquisition of niche companies.

Mr. O'Grady is a veteran of the taxable fixed income market, with over two decades of securities sales experience. His past diverse functions range from Product Manager of Corporate Bonds at Paine Webber, Inc., to Managing Director /New York Sales Manager at Drexel Burnham, with a
pivotal role in the creation and building of the Section 20 Securities Sales Division at BankAmerica. Mr. O'Grady received his BA in Economics from Princeton University. (Back to conference main page)

DANIEL F. SHEEHY
PRESIDENT AND CHIEF EXECUTIVE OFFICER
IMPACT COMMUNITY CAPITAL, LLC

Daniel F. Sheehy has pioneered the creation of an insurance industry secondary mortgage market vehicle for community development since taking over as President and Chief Executive Officer of Impact Community Capital in 1999. Through innovation and his extensive experience in the fields of banking, real estate and state housing finance, Mr. Sheehy has successfully demonstrated that pooling, rating and securitizing community investments are effective ways of attracting new institutional capital for community development purposes.

Mr. Sheehy recently concluded the large securitization of community investment mortgages on behalf of Impact and the insurance companies that are its members/investors. The transaction involved $164 million in loans originated by Bank of America and the California Community Reinvestment Corporation.

Mr. Sheehy has more than 15 years of community economic development experience and 25 years of senior management experience in the financial services and public benefit sectors. He is an industry leader known for developing creative investment opportunities that are attractive to private capital markets. A nationally recognized expert in community development finance, Mr. Sheehy has been featured in publications such as The Wall Street Journal, Community Investments (published by the Federal Reserve Bank of San Francisco) and the Journal of Commerce. Highly regarded by senior staff of rating agencies, Mr. Sheehy has served as a key speaker and panelist for conferences around the United States.

Mr. Sheehy became President and CEO of Impact following a nationwide search on behalf of the insurance companies that formed Impact to expand community investments by insurers. To date, Impact has both committed and invested more than $700 million in community development mortgages on behalf of its member/investors.

Mr. Sheehy's experience in the investment arena began when he held several positions at the Federal Reserve Bank of New York and the Fed's Board of Governors in Washington, D.C. He later served as an executive vice president of a commercial bank and as a general partner in a major Wall Street investment banking and securities trading firm.

For ten years, Mr. Sheehy was Senior Vice President of the State of New York Mortgage Agency, commonly known as SONYMA. Mr. Sheehy was the senior manager of the Mortgage Insurance Fund and developed it into a highly rated mortgage insurer and credit enhancer with an insurance portfolio of more than $2.5 billion of community development type mortgage loans. It is the largest and most successful entity of its kind in the country.

Mr. Sheehy has served as a financial advisor to several state housing finance agencies. He was also the founder and a principal in two consulting firms that have provided structured finance advisory and consulting services to governments in the Pacific and six Caribbean countries as well as to state and local governments in the United States. Those assignments focused primarily on the design of housing and related public finance activities as well as the credit enhancement structures to support those programs. (Back to conference main page)

GREGORY M. STANTON
DIRECTOR, CAPITAL MARKETS ACCESS PROGRAM
& WALL STREET WITHOUT WALLS INITIATIVE

Gregory Stanton is the director of the Capital Markets Access Program (CMA) and the Wall Street Without Walls Initiative funded by WK Kellogg, Rockefeller, Fannie Mae, F.B. Heron and Atlantic Foundations. CMA is a specialized financial technical assistance provided to nonprofit organizations with medium to large economic development initiatives seeking access to the capital markets, in the form of debt and other forms of structured finance. Founder of financial think tank for comprehensive financial markets product R&D efforts. Advisor to entrepreneurs and start-up companies.

From 1992 -1997, Mr. Stanton was the President and CEO of Dover Finance Corporation a financial services, a structured finance think tank to underwrite through Merrill Lynch the hard-to-finance assets of highly leveraged companies. Mr. Stanton was capital markets banker with Drexel Burnham Lambert during the 1980's, and Daiwa Securities America during the early 90's. Mr. Stanton received his M.B.A .from Babson College, Wellesley, MA, and BA from Boston College, Chestnut Hill, MA

Mr. Stanton is a member of the Board of Directors National Cooperative Bank Development Corp, Board of Overseers, SNHU Community Economic Development Masters Program, Children's Progress, Inc., Chair of the Wall Street without Walls Advisory Board, Visiting Lecturer to Georgetown McDonough MBA Program, Lead speaker : Asset Securitization, - Emerging Markets Conference, Cork Ireland, Conference. Lectures and Speaker on Community Development Financial Innovations, Business Roundtable, NCCED, Council of Foundations, Milken Institute, New Jersey Economic Development Summit, Financial Innovations Roundtable, Federal Reserve Board of Governors, Feceral Reserve Community Affairs Conference. (Back to conference main page)

MICHAEL SWACK
DIRECTOR, SCHOOL OF COMMUNITY ECONOMIC DEVELOPMENT
SOUTHERN NEW HAMPSHIRE UNIVERSITY

Dr. Michael Swack has over 20 years experience in the fields of community economic development, development finance and development banking and is considered a pioneer in the field of community development lending and investment. He is the founder and Director of the School of Community Economic Development (CED) at Southern New Hampshire University where he is a professor and teaches courses in finance, economic development and negotiations. The School of CED is the only accredited graduate program in the United States that offers degrees in Community Economic Development.

Dr. Swack has been involved in the design, implementation and management of a number of community development lending and investment institutions. He was the first Chairman of the New Hampshire Community Development Finance Authority (CDFA), a state-chartered equity fund for community economic development ventures and projects. He is a past President of the Institute for Community Economics in Springfield, Massachusetts, one of the first Community Development Loan Funds in the United States. He is the founding president and a current board member of the New Hampshire Community Loan Fund. He was a founding board member of the National Community Capital, a trade association of Community Development Finance Institutions, and a past member of the Business Council of the Federal Reserve Bank of Boston.

Dr. Swack has published in the areas of Community Economic Development and development finance. He received his doctorate from Columbia University, his masters degree from Harvard University and his bachelors degree from the University of Wisconsin-Madison. (Back to conference main page)

CHARLES D. TANSEY
SENIOR POLICY ADVISOR
NEIGHBORHOOD REINVESTMENT CORPORATION

Charles D. Tansey is the Senior Policy Advisor for the Neighborhood Reinvestment Corporation in Washington. He is responsible for monitoring, designing, and revising programs and products that facilitate development of wealth and revitalization in many of America's poorer communities.

Mr. Tansey has spent over 25 years in corporate banking, corporate finance and community development at the Chase Manhattan Bank, the Bank of New York, Commonwealth Capital Partners, the US Small Business Administration and the Neighborhood Reinvestment Corporation. He has specialized in designing structures for capitalizing small businesses and the institutions that serve them. Among other activities, he developed software for automated forecasting and evaluation of community and economic development lenders, helped design and set up two statewide multi-bank CDCs serving minority entrepreneurs, a local affordable housing CDC, and an inner city microlender. He served as the Interim Executive Director of both the Minority Investment Development Corporation (RI) and the Rhode Island Coalition for Minority Investment. During the recession of 1991-2, Mr. Tansey helped set up and manage the $1.3 billion bailout agency for the privately insured banks and credit unions in the state of Rhode Island.

During the Clinton Administration, he served as Associate Deputy Administrator for Capital Access at the SBA, managing the $50 billion in assets of the 7(a), 504, microloan, PRIME, trade finance, and venture capital programs. As part of his responsibilities he designed and helped set up the SBA's Office of Lender Oversight, presided over the initiation of the SBA's $10 billion asset sale program and served on the Investment Committee for approval of SBICs. In addition, he co-chaired the Inter-Agency Work Group on Micro-enterprise, and served as a member of the Advisory Board of the CDFI Fund at the Department of Treasury.

Mr. Tansey has had articles published in the Brookings Institution's Capital Exchange, the Economic Development Quarterly, the Providence Journal and Neighborhood Reinvestment Corporation's Bright Ideas. He has lectured at Harvard's Kennedy School of Government, at Georgetown's McDonough School of Business, and is a member of the Financial Innovations Roundtable. He has served on a number of boards and committees and presently serves on the Board of Directors of Partners for the Common Good, on the Advisory Boards of Wall Street Without Walls, and the Center for Rural Entrepreneurship. He also serves on the Strategic Planning Committee of the Community Economic Development Fund of Connecticut.

He graduated from Phillips Academy Andover, and from Brown University, where he was commencement speaker for his class. (Back to conference main page)

RACHELLE L. TAQQU
DIRECTOR OF LENDING
BOSTON COMMUNITY CAPITAL

Rachelle Taqqu has been Director of Lending at Boston Community Capital since February, 2003. She has over 19 years of banking and consulting experience and background in economic development. Before joining BCC, she provided strategic financial consulting services to corporate and non-profit clients, as President of Vista Capital. Prior to forming Vista Capital, Rachelle was a Vice President in the Project Finance group at BTM Capital where she originated, structured, arranged and managed project finance loans and leases; earlier banking experience includes positions at Bank of New England in Boston and Irving Trust Company in New York City. Before that, she worked in international community development. Rachelle currently serves on the Executive Committee and Board of the Boston YWCA. She has a PhD from Columbia University and an MBA from Cornell's Johnson Graduate School of Management. (Back to conference main page)

MARILYN E. WEEKES
ASSISTANT VICE PRESIDENT AND COMMUNITY AFFAIRS OFFICER
FEDERAL RESERVE BANK OF BOSTON

Marilyn Weekes is Assistant Vice President and Community Affairs Officer at the Federal Reserve Bank of Boston. She has been employed at the Federal Reserve Bank of Boston for the past twenty-four years serving in various capacities. In her current role she is involved in the formulation of public-private partnerships and initiatives that foster community economic development, financial education, wealth creation and fair access to credit, particularly, in underserved communities in New England. She presently serves as Chair of the Emerging Issues Task Force for the Federal Reserve System's Conference of Presidents' Subcommittee of Community Affairs Officers. Ms. Weekes served as the Bank's conference coordinator for a groundbreaking National Faith-Based Community Economic Development Conference held in Boston in September 2000. She has also co-chaired the State of Rhode Island's Housing Resources Commission's Office of Homeownership and led the Bank's efforts to expand homeownership opportunities for minorities and low-and moderate-income persons in that state.

In prior years, Ms. Weekes has also served as Chairman and President of the New England Minority Supplier Development Council, Inc. a non-profit organization promoting the growth, development and success of minority businesses.

Ms. Weekes has an undergraduate degree in economics from Wheaton College in Massachusetts. She also has licensed certification as an "Economic Development Finance Professional." She earned a Master of Divinity degree (magna cum-laude) from Gordon-Conwell Theological Seminary in Massachusetts and is presently pursuing doctoral studies. She is an ordained minister and serves as an associate pastor in Cambridge, MA. (Back to conference main page)