CDAC: Community Development Advisory Council
The New England Community Development Advisory Council for the Federal Reserve Bank of Boston was established to:
(1) Provide a forum for representatives of community development organizations from the private, public, and non-profit sectors to:
- Inform the President and Board of Directors of activities, issues, and barriers to community development in the region;
- Advise the President and the Board of Directors of the Federal Reserve Bank of Boston on ways in which the Bank can be of assistance in support of community development efforts in the region;
- Discuss opportunities to facilitate communication between the sectors that encourages effective use of community development resources in the region.
(2) Serve as a mechanism to convey to the broader Federal Reserve System, indirectly through the Federal Reserve Bank of Boston, perspectives on community development to which the System should be sensitive.
- Membership
- Meetings
- Current Members
Membership
Membership on the Council will be representative of the various sectors and geographic areas involved in community development and would include, but not be limited to:
- Banks
- State and local government
- Foundations
- Community Organizations
- Academic Institutions, and
- Private non-profit and for-profit developers
The total number of members will not be limited, however, it is recognized that a group of 10-15 would be most conducive for effective discussion. With the exception of representatives from the Banking industry, Members will serve a three-year term, although the President of the Federal Reserve Bank may increase or decrease the term limit as circumstances warrant. Representatives from the largest banking institutions will serve a one-year term.
Meetings
Meetings will be held three times a year. While most meetings will be held at the Federal Reserve Bank, reasonable efforts will be made to hold at least one meeting annually out in the District area site, which would permit a review of community development efforts in the area. Agendas will be developed jointly by the Council members and Reserve Bank staff. The Reserve Bank President will designate the Council Chair and the Deputy Chairperson. All travel expenses will be paid by the Reserve Bank in accordance with Reserve Bank travel policies.
2013 Meetings
| March 25, 2013 | |
| September 9, 2013 | Regional Convening, Vermont |
| November 18, 2013 |
2012 Meetings
| December 17, 2012 |
The New England Economy: On the Verge of the Cliff |
| September 24, 2012 | CDAC Regional Forum - Massachusetts |
| May 29, 2012 | Agenda and Discussion Materials  |
| March 19, 2012 |
2011 Meetings
| November 14, 2011 | Agenda |
| July 18, 2011 | CDAC Regional Forum - Connecticut |
| March 7, 2011 |
2013 Members
- Eric Rosengren
President and Chief Executive Officer
Federal Reserve Bank of Boston - Richard
Walker (Council Chair)
Senior Vice President and Community Affairs Officer
Federal Reserve Bank of Boston
- Luis Caban
Executive Director
Southside Institutions Neighborhood Alliance
Term Expires: December 2014 - Glenn Davis
Community Responsibility Consultant
Mass Mutual Financial Group
Term Expires: December 2014 - Katharine Eneguess
President
White Mountains Community College
Term Expires: December 2013 - Cheryl Fatnassi
President and Chief Executive Officer
Opportunities Credit Union
Term Expires: December 2014 - Benjamin (Ben) Frost
Director of Public Affairs
New Hampshire Housing
Term Ends: December 2015 - Kristen Harol
Vice President
The Life Initiative
Term Expires: December 2014 - Jennifer Hawkins
Associate Executive Director
Olneyville Housing Corporation
Term Ends: December 2015 - Cindy Larson
Senior Program Officer
Local Initiative Support Corporation
Term Expires: December 2013 - Catherine MacKinnon
Executive Director
Mutual Housing Association of Greater Hartford
Term Expires: December 2013 - Garrett Martin
Executive Director
Maine Center for Economic Policy
Term Expires: December 2013 - John Moore
Senior Vice President and CRA Officer
Bangor Savings Group
Term Expires: December 2014 - Brenda Torpy
Chief Executive Officer
Champlain Housing Trust
Term Ends: December 2015 - José Luis Rojas Vallarreal
Senior Loan Officer
Massachusetts Growth Capital Corporation
Term Ends: December 2015
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